CAMPING WORLD Reports Q2 FY2023 Earnings Results on August 1 2023
August 28, 2023
🌥️Earnings Overview
On August 1 2023, CAMPING WORLD ($NYSE:CWH) reported its earnings for the second quarter of FY2023 which ended on June 30 2023. Total revenue for the quarter was USD 1900.7 million, a 12.4% decrease from the year-ago quarter. Net income for the period was USD 28.7 million, a 66.0% drop compared to the same quarter of the previous year.
Stock Price
Despite the anticipation of positive results, the stock opened at $31.8 and closed at $31.3, which was a 2.4% decrease from the previous closing price of $32.0. The stock overall had a weak performance in response to the earnings announcement, causing investors to be a bit uncertain. Analysts were expecting to see an increase in sales for CAMPING WORLD during Q2, however the stock did not have the opportunity to demonstrate its potential.
Many investors are now keeping an eye on the company’s next earnings report in order to gauge a better assessment of CAMPING WORLD’s overall performance. It is still uncertain how this weak performance will affect CAMPING WORLD’s stock in the long term. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Camping World. More…
| Total Revenues | Net Income | Net Margin |
| 6.52k | 39.78 | 0.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Camping World. More…
| Operations | Investing | Financing |
| 233.75 | -422.94 | 109.69 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Camping World. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 4.8k | 4.54k | 3.07 |
Key Ratios Snapshot
Some of the financial key ratios for Camping World are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 9.4% | 21.4% | 5.4% |
| FCF Margin | ROE | ROA |
| 0.4% | 164.8% | 4.6% |
Analysis
GoodWhale conducted an analysis of CAMPING WORLD‘s financials, and our findings are as follows. According to our Star Chart, CAMPING WORLD has an intermediate health score of 4/10, indicating that it is able to sustain its future operations in times of crisis. CAMPING WORLD is strong in dividend, and medium in asset, growth, and profitability. We classify CAMPING WORLD as a ‘rhino’, a type of company which has achieved moderate revenue or earnings growth. Investors who may be interested in CAMPING WORLD would include ones who seek a balance between risk and reward. The moderate growth and intermediate health score of CAMPING WORLD may be an attractive option for those investors who are seeking a decent return with only moderate risk. This could be especially true for investors who are looking for dividend income from a stable company. More…
Peers
The company operates through three segments: Good Sam Services and Plans, RV Sales and Services, and Camping World Accessories and Services. As of 2020, the company had a total of 138 RV dealerships, 120 of which were located in the United States and 18 in Canada. The company also operates a website and mail-order catalog business. Camping World’s primary competitors are Autosports Group Ltd, Sonic Automotive Inc, and AutoCanada Inc.
– Autosports Group Ltd ($ASX:ASG)
AutoSports Group Ltd is a publicly traded company with a market capitalization of 384.92M as of 2022. The company has a return on equity of 12.91%. AutoSports Group Ltd is engaged in the business of designing, developing, and manufacturing automotive parts and accessories. The company’s products include body kits, spoilers, and other aftermarket automotive products.
– Sonic Automotive Inc ($NYSE:SAH)
Sonic Automotive Inc is a publicly traded company that operates in the automotive industry. As of 2022, the company has a market capitalization of 1.77 billion dollars and a return on equity of 32.11%. Sonic Automotive Inc is a retailer and distributor of automobiles and related products and services. The company operates in the United States, Canada, and Europe.
– AutoCanada Inc ($TSX:ACQ)
AutoCanada Inc. is one of the largest multi-location automotive dealership groups in Canada, currently operating 63 franchised dealerships. Headquartered in Edmonton, Alberta, AutoCanada currently employs approximately 4,200 people in eight provinces. The company sells new and used vehicles, and related financing, insurance, parts and repair services.
Summary
CAMPING WORLD‘s second quarter of FY2023 ending June 30, 2023 showed a decrease in both total revenue and net income compared to the same period of the previous year. Total revenue for the quarter was USD 1900.7 million, a 12.4% decrease from the prior year, while net income was USD 28.7 million, a 66.0% decrease from the prior year. This suggests that investors may want to re-evaluate their investments in CAMPING WORLD, as the current performance is not meeting expectations.
Further analysis should be conducted to investigate underlying factors causing the drop in performance, such as changes in market conditions or increased competition. Investors should also consider the company’s long-term strategy and outlook for growth when making investments decisions.
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