Camping World Holdings, Inc. reported results for the second quarter ended June 30, 2026.
“Earlier this year we emphasized three priorities: growing RV market share, accelerating Good Sam, and reducing SG&A,” Matthew Wagner, chief executive officer and president of CWH stated,. “In the second quarter, our market share exceeded last year’s record levels, Good Sam Services and Plans margin expanded, and SG&A came down $26.6 million. We delivered on our priorities in a difficult market.
“Our progress was more than offset by new RV industry trends that weakened during the peak selling season in May and June. Even so, we moved aged used inventory and prior-model-year new inventory as planned. These factors pressured vehicle gross profit and resulted in second-quarter earnings below our expectations. We are not satisfied with the result.”
At the end of the second quarter of 2026, cash and cash equivalents totaled $224.1 million. Total outstanding long-term debt was $1.405 billion. The Company’s net debt decreased $222.3 million, or 14.5%, at the end of the second quarter of 2026 compared to the second quarter of 2025.
Wagner stated, “We are resetting our outlook to reflect what we know today in a highly volatile market, including a revised 2026 retail industry outlook of 290,000 to 310,000 new units, or down 15% year over year at the midpoint. Volume trends remain soft July-to-date, but we enter the second half of the year with healthier inventory and sequentially improving vehicle margins, which we believe gives us a path to year-over-year Adjusted EBITDA growth for the full year.”
