Camping World Holdings Inc. has announced robust fourth-quarter earnings for the 2024 fiscal year, surpassing analysts’ revenue expectations.
According to an article by Yahoo Finance, The company’s revenue increased by 8.8% year-over-year, reaching $1.20 billion, exceeding Wall Street projections. Adjusted non-GAAP earnings per share stood at $0.47, beating analyst estimates by 31.3%.
The company’s adjusted EBITDA was reported at $42.9 million, surpassing projections of $5.61 million. Operating margins remained at 13.6%, consistent with the same quarter last year.
However, free cash flow was negative at $188 million, marking an improvement from the negative $267.8 million recorded in the same quarter of the previous year. The company’s total market capitalization currently stands at approximately $1.25 billion.
Marcus Lemonis, Chairman and CEO of Camping World, highlighted the company’s continued expansion, stating, “Our combined new and used same store unit sales grew for the second quarter in a row, with increased revenue, increased gross profit and improved adjusted EBITDA, a testament to our unwavering focus on product development, affordability, and used inventory procurement.”
“We see an inflection point shocking across the broader RV landscape, supporting our expectation for more stable industry trends throughout 2026,” Lemonis added.
Camping World, founded in 1966 as a single recreational vehicle dealership, has since evolved into a leading retailer of RVs, outdoor gear, and camping supplies.
The company’s strategy is centered on expansion through new store openings, which outpaced the broader commercial retail sector in recent years. The rapid addition of stores signals strong demand and an opportunity for the company to scale its business further.
Despite this growth, Camping World has faced challenges with declining same-store sales, which have averaged a 14.6% annual decline over the past two years.
This trend suggests that while new store openings drive overall revenue, existing store performance requires improvement. Lemonis acknowledged this challenge, stressing the importance of balancing physical expansion with sales efficiency at established locations.
Analysts forecast a 6.3% revenue growth rate for Camping World over the next 12 months, indicating optimism about the company’s ability to maintain momentum.
With increasing interest in outdoor recreation and RV travel, Camping World remains positioned to benefit from the ongoing industry trends.
However, it will need to address its same-store sales decline and optimize operational efficiency to sustain long-term profitability.
The company’s performance holds significance for the broader RV and outdoor hospitality industry, as its growth reflects consumer demand for RVs and related products.
As Camping World continues expanding, its financial trajectory provides insight into trends shaping the market, including evolving consumer preferences, the impact of economic conditions on large-ticket purchases, and the competitive landscape within the outdoor retail sector.
