Camping World Holdings ( (CWH) ) has released its Q4 earnings. Here is a breakdown of the information Camping World Holdings presented to its investors.
Camping World Holdings, Inc., headquartered in Lincolnshire, IL, is the world’s largest retailer of recreational vehicles (RVs) and related products and services, operating through its Camping World and Good Sam brands across 43 states.
Camping World Holdings reported a positive fourth quarter for 2024, with a notable increase in both new and used same-store unit sales, totaling 22,148 units sold. The company continues to show operational improvements as it enters the first quarter of 2025, with expectations for stable industry trends throughout the year.
Key financial highlights include a revenue increase to $1.2 billion for the fourth quarter, up by 8.6% from the previous year. New vehicle revenue rose by 10.7%, while used vehicle revenue increased by 8.2%. Despite a decrease in gross margin for new vehicles, used vehicle gross margin improved significantly. The company also saw a rise in gross profit by 9.7%, driven by higher finance and insurance gross profit and increased used vehicle sales. However, the company reported a net loss of $59.5 million for the quarter, although this was an improvement from the previous year.
Looking ahead, Camping World Holdings is well-positioned for both organic and inorganic growth in 2025, focusing on selling more RVs, maintaining cost discipline, and enhancing profitability. The management remains optimistic about the company’s performance and industry trends, aiming to achieve its 2025 guideposts with confidence.