Camping World Holdings (CWH)
NYSE:CWH
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Earnings Data
Report Date
Aug 04, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.57Last Year’s EPS
0.57Same Quarter Last Year
Strong Buy
Based on 8 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a cautiously optimistic tone: management highlighted meaningful operational progress (notably SG&A reductions, inventory discipline, exclusive-brand share gains, Good Sam stabilization, cash build and debt paydown) that they believe will drive adjusted EBITDA growth and free cash flow. Offsetting these positives were near-term gross margin pressures, a Q1 EBITDA decrease, early-year weather-related disruptions and industry softness that will likely keep volatility through Q2. Management reiterated full-year adjusted EBITDA guidance and emphasized controllable levers (costs, AI, inventory) while acknowledging external uncertainties.Company Guidance
Revenue and Top-Line
Reported Q1 revenue of $1.35 billion, with new vehicle average selling prices up ~4% year-over-year and a richer sales mix partially offsetting unit declines.
SG&A Reduction and Efficiency
Reduced SG&A by more than $29 million (≈7.5% reduction) year-over-year, improved SG&A as a percentage of gross profit by 135 basis points, realized $19 million of compensation reduction in the quarter, consolidated 13 store locations, and executed ~ $10 million of additional annualized cost rationalization for ~ $35 million of total annualized cost savings year-to-date.
Inventory Discipline
Total same-store RV unit inventory down over 10% year-over-year; purchased over 20% fewer units year-to-date versus prior year; new model year 2025 inventory is ~8% of total new inventory and down over 50% in units versus same time last year; daily sales velocity in April positive versus prior year despite lower inventory.
New Unit Share and Product Strategy
New unit sales outpaced the industry with new Fifth Wheel segment up nearly 10% year-to-date, driven by private label/exclusive brands that hit attractive price points and features.
Good Sam Momentum
Good Sam continued top-line growth and margin stabilization (roughly flat year-over-year); ERP overhaul expected to complete in Q2 to enable adjacent marketplace entry; in-house AI-enabled CRM for extended service plans deployed with early productivity, conversion, and revenue uplift.
Balance Sheet and Cash Flow Improvements
Ended quarter with $200 million cash, improved net debt leverage to 5.6x from 8.1x a year ago, paid down $56 million of debt in the quarter, and reported markedly improved operating and investing cash flows tied to inventory turn and CapEx restraint.
Reiterated Full-Year Adjusted EBITDA Guidance
Reiterated full-year 2026 adjusted EBITDA guidance of $275 million to $325 million, citing cost reductions, inventory progress, and Good Sam momentum as supporting factors.
Operational Levers and AI Opportunity
Identified material cost takeout opportunities from AI initiatives (particularly within IT and SaaS/consulting spend), and demonstrated ability to rapidly build in-house tech (example: bespoke CRM stood up in 26 days with materially lower ongoing costs).
CWH Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
CWH Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 29, 2026 | $6.93 | $8.19 | +18.18% |
Feb 24, 2026 | $10.85 | $9.06 | -16.50% |
Oct 28, 2025 | $16.62 | $12.50 | -24.79% |
Jul 29, 2025 | $17.30 | $14.64 | -15.36% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Camping World Holdings (CWH) report earnings?
Camping World Holdings (CWH) is schdueled to report earning on Aug 04, 2026, After Close (Confirmed).
What is Camping World Holdings (CWH) earnings time?
Camping World Holdings (CWH) earnings time is at Aug 04, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CWH EPS forecast?
CWH EPS forecast for the fiscal quarter 2026 (Q2) is 0.57.
