Camping World Reports Q2 Revenue Decline Amid Weak New RV Demand
Camping World (NYSE:CWH) reported second-quarter revenue of $1.9 billion, a 2.1% decline year-over-year, driven by weaker-than-expected new recreational vehicle demand and margin compression from inventory clearance efforts. The company reduced its full-year adjusted EBITDA forecast to between $230 million and $270 million due to affordability concerns, high interest rates, and softer consumer demand. New unit sales dropped 16.4%, with new vehicle gross margins falling to 10.9% from 13.8%. Management emphasized that the decision to clear aged inventory impacted profitability but improved year-over-year inventory levels by nearly 10%. The company also identified $100 million in annualized structural cost savings and reduced floorplan borrowings. Camping World revised its industry-wide new RV sales forecast for 2026 downward, now expecting between 290,000 to 310,000 units. CEO Matthew Wagner described the current market as one of the weakest in over a decade and cited geopolitical tensions, high gas prices, and consumer confidence issues as key headwinds.
Tickers: $CWH
Topics: EBITDA outlook inventory management revenue decline RV industry