Tuesday, November 21, 2017
Breaking News
Home » RV Industry News » Camping World reports 25 percent revenue increase in Q3

Camping World reports 25 percent revenue increase in Q3

Camping World reports 25 percent revenue increase in Q3

LINCOLNSHIRE, Ill. — Camping World Holdings reported that its total revenue increased 25 percent to $1.24 billion in quarter 3, while gross profit increased 27.3 percent to $356.7 million and  gross margin increased 51 basis points to 28.8 percent.

In addition, income from operations increased 27.8 percent to $112.1 million and operating margin increased 20 basis points to 9 percent, while net income increased 24.6 percent to $85.3 million, net income margin decreased 2 basis points to 6.9 percent and adjusted pro forma net income(1) increased 53.4 percent to $68.6 million

Diluted earnings per share(2) was $0.68 and adjusted pro forma earnings per fully exchanged and diluted share (1) increased 44.7 percent to $0.77; and adjusted EBITDA(1) increased 35.2percent to $122.1 million while adjusted EBITDA margin(1) increased 74 basis points to 9.9 percent.

Marcus Lemonis, chairman and CEO stated, “We are very pleased with our third quarter results and the continued strength in the underlying trends across our business. For the quarter, total revenue grew 25 percent, adjusted pro forma net income increased 53.4 percent and adjusted EBITDA grew 35.2 percent, once again demonstrating the power and leverage of our unique business and operating model. Looking ahead, we believe we are well positioned to continue gaining share in the RV market and broadening our reach across the outdoor lifestyle consumer market.”

 

A conference call to discuss the fiscal 2017 third quarter financial results is scheduled for Nov. 9, at 4:30 p.m. Eastern Time. Investors and analysts can participate on the conference call by dialing (800) 441-0022 and using conference ID # 6378900. Interested parties can also listen to a live webcast or replay of the conference call by logging on to the Investor Relations section on the company’s website at http://investor.campingworld.com. The replay of the conference call webcast will be available at the investor relations website until Nov. 16.

SOURCE: Camping World press release

Print Friendly, PDF & Email


About Ronnie Garrett

Ronnie Garrett is the editor in chief of RV Daily Report. She's been a writer/editor for more than 25 years, working in law enforcement, aviation, supply chain and now the RV industry. She's not a stranger to RVs, however. She grew up camping, and still camps as many weekends as she can every year.

3 comments

  1. Great news!! Take some of that $$ and use it to train your service techs. So many stories relating to lack of quality service by the service departments. Instead of trying up sell the customer on a complete roof reseal for 2K (which they probably don’t need) try listening to the customer and fixing the repairs the first time.

    CW’s reputation has gone to the toilet

    • Do the math Bret.. 130 dealerships, probably average 5-8 service advisors with a minimum of 40 repair orders a month. That’s over 31,000 repair orders a month. I venture to say the complaints they get as a percentage are minimal in comparison to other dealers. If you are in the business you would know that. Plus, they take in everyone, not just customers they sell which is not the norm around the country. Do they get complaints, yes. Do other dealers get complains, yes. The difference is Camping World is out there for all the industry to pile on. Every interaction I have ever had with them they have stepped up.

  2. Camping World has a real reputation problem. It appears they are so concerned about squeezing every dollar out of the sale, they have less than honorable sales people. Consistency and transparency will be key in their future. After the sale they should step up their game on their service. It is totally inexcusable for people to have problems and have to wait weeks & months at a time to have something repaired.
    Also they need to address your employees attitude from the sales to the service. Currently, CW enjoys the worst reputation in the industry. I for one, would never buy an RV from them. I work as a buyers agent for RVs and steer my customers away from these establishments . Your basic business model seems to be a good one, however, you must repair your reputation.

Leave a Reply

Your email address will not be published. Required fields are marked *

*

RV Daily Report welcomes comments from readers. However, we expect that comments will be cordial and professional without reverting to name-calling, profanity and libelous language. Comments of that nature will be removed.