Quarterly ResultApr 29, 2026, 04:45 PM
CWH Q1 Revenue $1.35B, Net Loss $(26.7)M; Reaffirms FY26 Outlook
AI Summary
Camping World Holdings, Inc. (CWH) reported Q1 2026 revenues of $1.35 billion, a 4.2% decrease year-over-year, with a net loss of $(26.7) million and adjusted EBITDA of $28.0 million. Despite a slower start to the RV selling season, the company saw new and used vehicle unit sales gain momentum in March and April. CWH reaffirmed its full-year 2026 Adjusted EBITDA outlook of $275 million to $325 million, citing SG&A efficiencies and an improved net debt leverage ratio of 5.6x.
Key Highlights
- CWH Q1 revenue $1.35 billion, down 4.2% YoY.
- Net loss $(26.7) million, increased 8.0% YoY.
- Adjusted EBITDA $28.0 million, down 10.1% YoY.
- SG&A to Gross Profit improved 135 basis points YoY.
- Net debt leverage ratio improved to 5.6x from 8.1x YoY.
- Reaffirmed FY26 Adjusted EBITDA outlook of $275M-$325M.
- Combined new and used vehicle unit sales decreased 6.5% YoY.