Camping World Holdings Inc. reported a revenue of $1.35 billion for the first quarter ended March 31, 2026, with a net loss of $26.7 million.
The company's positive adjusted EBITDA of $28 million indicates that it is generating strong cash flow despite the challenges in the RV industry.
Camping World's CEO Matthew Wagner attributed the company's performance to its efforts to improve SG&A efficiencies and gain market share in exclusive brand units.
Despite a slower start to the RV selling season, Camping World believes it is taking the right steps to generate strong free cash flow for the full year.
The company's capital deployment framework prioritizes strengthening the balance sheet, which will help it navigate the competitive RV industry.
Camping World remains focused on its three defined goals for 2026: new and used unit growth, accelerating Good Sam's growth, and SG&A cost efficiency.
The company is reiterating its previous guidance range of Adjusted EBITDA in the range of $275 million to $325 million.
Camping World's results show that it is adapting to changing market trends and consumer demand.
The company's efforts to improve efficiency and gain market share will be crucial in driving long-term value creation.
The RV industry is highly competitive, and Camping World's results show that the company is taking steps to improve its efficiency and gain market share.
