Why Shares of Camping World Are Slumping Today
Shares of Camping World Holdings (NYSE: CWH) fell more than 13% on Thursday morning after the RV retailer reported second-quarter earnings that were below consensus and warned that it expects full-year earnings to come in short of expectations as well.
After markets closed Wednesday, Camping World reported second-quarter earnings of $0.46 per share, well below the $0.66 consensus estimate, despite generating revenue of $1.47 billion, $20 million ahead of expectations. The company also said it expects full-year adjusted EBITDA to come in at the "mid- to low" $200 million range, well short of the $283 million consensus estimate.
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