Latest News by Industry
![Camping World Holdings, Inc. [CWH] reports annual net loss of $50.6 million](/_next/image?url=https%3A%2F%2F10kinfo-appdata.s3.us-west-2.amazonaws.com%2Fedgar0105%2FCompanyLogos%2FUS%2FCWH.png&w=1200&q=75)
Camping World Holdings, Inc. [CWH] has reported a net loss of $50.6 million for year ended Dec 31, 2023.
The Company said in a filing before the Securities and Exchange Commission that its total revenue for the year was $6.2 billion
Based in LINCOLNSHIRE, Illinois, Camping World Holdings, Inc. operates in the RETAIL sector.
In the annual report for the year ending December 31, 2023, Camping World Holdings, Inc. reported a total revenue of $6.227 billion, a decrease compared to the previous year's revenue of $6.967 billion. The costs applicable to revenue for the same period were $4.348 billion, lower than the previous year's $4.705 billion.
Operating expenses, including selling, general, and administrative costs, amounted to $1.539 billion for the current year, a decrease from $1.607 billion in the previous year. Income from operations for the year was $267 million, a significant drop from $569 million in the prior year.
Other expenses, such as interest expenses and tax adjustments, led to a total other expense of $218 million for the current year, compared to $118 million in the previous year. This resulted in an income before income taxes of $49 million, down from $450 million in the prior year.
The net income for Camping World Holdings, Inc. for the year 2023 was $31 million, a decrease from $137 million in the previous year. The earnings per share of Class A common stock also saw a decline, with basic earnings per share at $0.70 and diluted earnings per share at $0.55 for the current year, compared to $3.23 and $3.22 respectively in the previous year.
In the RV and Outdoor Retail segment, total revenue for the current year was $6.033 billion, lower than the previous year's $6.775 billion. The costs applicable to revenue in this segment were $4.289 billion for the current year, down from $4.633 billion in the prior year.
Revenue from new vehicles, used vehicles, products, services, and other categories all experienced decreases compared to the previous year. The Finance and Insurance segment also reported a decline in revenue from $623 million in the previous year to $562 million in the current year.
Overall, Camping World Holdings, Inc. faced challenges in generating revenue and controlling costs, leading to a decrease in net income and earnings per share for the year 2023 compared to the previous year.
Also Read: