Welcome to our dedicated page for Camping World Holdings news (Ticker: $CWH), a resource for investors and traders seeking the latest updates and insights on Camping World Holdings stock.
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Camping World Holdings, the world's largest recreational vehicle dealer, announced that its Coleman brand of travel trailers maintained the #1 position in terms of new travel trailer sales in the U.S. for both March and the first quarter of 2024. This success is attributed to consumers seeking high-quality products at competitive prices, leading to record market share levels for Camping World. The company's Chairman and CEO, Marcus Lemonis, expressed satisfaction with the brand's performance, highlighting its significant momentum in the market.
Camping World Holdings, Inc. reported its first quarter 2024 results, showcasing a significant increase in same store new vehicle unit volume, bucking industry trends. The company's intentional efforts to drive down invoice pricing resulted in record new unit market share. While revenue decreased, new vehicle revenue saw an increase, and used vehicle revenue declined. The company's focus on rebalancing inventory positions and improving fundamentals for future growth were highlighted. Despite certain decreases in gross profit and total gross margin, the company remains optimistic about its unit volume, market share, and earnings growth goals for 2024.
