Q2 2025 Camping World Holdings Inc Earnings Call Transcript
Key Points
- Camping World Holdings Inc (CWH) set a record by selling 45,000 RV units in the second quarter, the highest in its history.
- The company achieved a record $200 million in revenue from its finance and insurance department.
- Good Sam, a subsidiary of CWH, also set a revenue record during the quarter.
- CWH reported a significant increase in file size growth, adding 80,000 new customers in the quarter.
- The company has strengthened its balance sheet, with $118 million in cash and significant real estate holdings without mortgages.
- CWH had to reduce its workforce by 1,000 employees since January, which is a challenging situation for the company.
- The average selling price (ASP) of new RVs is expected to remain lower than the previous year, impacting gross profit per transaction.
- The company is facing pressure from lower ASPs on new vehicles, affecting overall profitability.
- CWH anticipates further headcount reductions and location consolidations to achieve cost savings.
- The profitability of Good Sam was slightly down due to increased investments and higher claims costs in roadside assistance.
Good morning, and welcome to Camping World Holdings conference call to discuss financial results for the second quarter ended June 30, 2025. (Operator Instructions) Please be advised that this call is being recorded and the reproduction of the call in whole or in part is not permitted without written authorization from the company.
Joining on the call today are: Marcus Lemonis, Chairman and Chief Executive Officer; Matthew Wagner, President; Tom Kirn, Chief Financial Officer; Lindsey Christen, Chief Administrative and Legal Officer; and Brett Andress, Senior Vice President, Investor Relations. I will turn the call over to Ms. Christen to get us started.
Thank you, and good morning, everyone. A press release covering the company's second quarter ended June 30, 2025, financial results was issued yesterday afternoon, and a copy of that press release can be found in the Investor Relations section on the company's website.
Management's remarks on this
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