By Josh Beckerman
Shares of Camping World declined after the RV retailer reported first-quarter sales just below the average estimate of analysts polled by FactSet but an adjusted loss narrower than expected.
The stock declined 14%, to $12.09, midday Wednesday and is down about 43% this year.
The Lincolnshire, Ill., company said sales were $1.41 billion for the quarter, compared with the $1.43 billion expected by analysts.
Camping World said "We have not seen any discernable impacts on consumer behavior from tariffs, with our April-to-date same store unit sales tracking up mid-teens on used and up high-singles on new."
First-quarter average selling price of new vehicles decreased 4.4% and average selling price for used vehicles was down 4%.
"We are rigorously managing our SG&A as we aim to mitigate any ASP or macroeconomic variability that could persist in the near-term," Camping World said. It has taken steps including recently lowering headcount that it expects will further improve profitability.
Adjusted earnings before interest, taxes, depreciation and amortization rose nearly fourfold, to $22.9 million.
Write to Josh Beckerman at josh.beckerman@wsj.com
(END) Dow Jones Newswires
April 30, 2025 15:30 ET (19:30 GMT)
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