3 Key Takeaways From Camping World's Hard-Charging Q2 Results
Continuing to live its financial life in the fast lane, Camping World Holdings (NYSE: CWH) reported consensus-crushing second-quarter 2021 results on Aug. 2. This is the company's fourth consecutive quarter of topping Wall Street earnings per share forecasts. Unlike previous quarters, where investors remained cautious because of the recreational vehicle sector's notorious volatility, the market responded positively to Camping World's success this time around, with its stock closing up 7.16% at the end of the day.
With the new information available, there are at least three important takeaways supporting a bull case for Camping World.
Camping World's second quarter set a slew of fresh records, with revenue jumping 28.3% year over year to an all-time peak of $2.06 billion. In this context, it's worth remembering that the RV sales bull run triggered by COVID-19 lockdowns was already in full swing by Q2 2020, which means the improved results are comparing favorably to an already positive situation for the company last year. At the bottom line, adjusted earnings per share (EPS) skyrocketed 54.9% year over year from $1.62 to $2.51 EPS. Adjusted earnings before interest, taxes, depreciation, and amortization, or EBITDA, set a third record by surging 51% to $333.3 million.
Source Fool.com
