Camping World Holdings Inc (STU:C83)
€ 20.36 0.785 (4.01%) Market Cap: 949.61 Mil Enterprise Value: 4.41 Bil PE Ratio: 0 PB Ratio: 9.93 GF Score: 71/100
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Q2 2024 Camping World Holdings Inc Earnings Call Transcript

Aug 01, 2024 / 12:30PM GMT
Release Date Price: €20.84 (-2.16%)

Key Points

Positve
  • Camping World Holdings Inc (CWH) achieved record market share and double-digit new same-store sales growth, outperforming the industry.
  • The company opened 16 new locations and saw record gross profit for its Good Sam business.
  • CWH successfully liquidated older inventory, positioning itself well for new model year sales.
  • The company has a strong acquisition strategy, turning around distressed dealerships quickly.
  • CWH's digital marketing and lead management processes are driving significant customer engagement and sales.
Negative
  • The company faced challenges with liquidating older inventory, impacting margins.
  • High inflation and interest rates have increased costs, affecting profitability.
  • CWH's used vehicle volume and margins are under pressure, with lower-than-expected performance.
  • The company is experiencing higher SG&A expenses due to investments in infrastructure and training.
  • There are concerns about the overall health of the larger dealer body and the impact of aged inventory on the market.
Operator

Yes, good day, and welcome to the Camping World Holdings, Inc. second quarter 2024 Results Conference Call. All participants will be in listen-only mode. Should you need assistance, please signal a conference specialist by pressing the star key followed by zero. After today's presentation, there will be an opportunity to ask questions. If you ask a question, you may press star then one on your telephone keypad. To access your question, please press star then two. Please note this event is being recorded. I would now like to turn the conference over to Brent Moody. Please go ahead.

Marcus Lemonis
Camping World Holdings Inc - Chairman and Chief Executive Officer

Actually, it will be Lindsay Christian, who will be reading that section.

Thank you.

Lindsay Christian
Camping World Holdings Inc - Chief Administrative and Legal Officer

Good morning, everyone. A press release covering the company's second quarter 2024 financial results was issued yesterday afternoon, and a copy of that press release can be found

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