Record RV Sales
Camping World set a record by selling 45,000 RV units in the quarter, more than ever before in a single quarter.
Finance and Insurance Revenue Record
The company achieved the highest revenue ever in its finance and insurance department, generating $200 million.
Good Sam Revenue Record
Good Sam also set a revenue record, contributing to the company's financial performance.
File Size Growth
The company reported an increase of 80,000 new customers in the quarter, indicating strong customer acquisition.
Same-Store Sales Growth
Same-store unit growth trends showed promising signs, with July already seeing used RV sales up in the high teens and new RV sales in high single digits year-over-year.
Used RV Segment Growth
Camping World committed to double-digit growth in the used RV segment, attributing its profitability to this focus.
SG&A Improvement
SG&A as a percentage of gross profit improved by 276 basis points year-over-year.
Strong Balance Sheet
The company ended the quarter with $118 million in cash, $519 million of used inventory net of flooring, and $247 million in real estate without a mortgage.
Adjusted EBITDA Growth
Adjusted EBITDA was $142.2 million, compared to $105.6 million in the previous year.