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updated: 11/9/2017 1:02 PM

Revenue up 25 percent at Camping World

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  • COURTESY OF SANDROMarcus Lemonis is CEO of Lincolnshire-based Camping World and the host of CNBC's reality TV show, "The Profit."

    COURTESY OF SANDROMarcus Lemonis is CEO of Lincolnshire-based Camping World and the host of CNBC's reality TV show, "The Profit."

 
Business Wire

Camping World Holdings Inc. based in Lincolnshire reported its third quarter financial results today.

Marcus Lemonis, CEO of Camping World Holdings and star of CNBC's "The Profit," said "We are very pleased with our third quarter results and the continued strength in the underlying trends across our business. For the quarter, total revenue grew 25 percent, adjusted pro forma net income increased 53.4 percent and adjusted EBITDA grew 35.2 percent, once again demonstrating the power and leverage of our unique business and operating model.

"Looking ahead, we believe we are well positioned to continue gaining share in the RV market and broadening our reach across the outdoor lifestyle consumer market."

The report said that new vehicles sold increased 33.3 percent to 19,107 units and the average selling price of a new vehicle decreased 1.6 percent to $37,430.

The increase in new vehicle units sold was primarily driven by strong consumer demand for new vehicles. The decrease in the average selling price of a new vehicle was driven by a higher mix of lower-priced towable units.

Used vehicles sold increased 7.2 percent to 8,557 units and the average selling price of a used vehicle decreased 3.3 percent to $22,009. The increase in used vehicle units sold was primarily driven by sales at new stores.

Same store sales for the 115 retail locations that were open both at the end of the corresponding period and at the beginning of the preceding fiscal year increased 9.4 percent to $982 million for the three months ended Sept. 30, 2017.

Camping World is a growing outdoor and camping retailer, offering an extensive assortment of recreational vehicles for sale, RV and camping gear, RV maintenance and repair and the industry's broadest and deepest range of services, protection plans, products and resources.