Here's Why Camping World Is Soaring Today
Camping World Holdings (NYSE: CWH) reported second-quarter earnings that handily beat the market's expectations on the top and bottom lines. Revenue came in at $1.3 billion for the quarter, which generated adjusted diluted earnings per share of $0.91, far exceeding analysts' expectations of $1.17 billion in revenue and earnings of $0.68.
As of 3 p.m. EDT on the day after the earnings announcement, the stock had risen by more than 11%, indicating that investors were very happy with the company's results.
It's difficult to find anything negative in Camping World's earnings release. Sales grew 20% year over year, and net income rose by 40%. Same-store sales were up by double digits at 10.6%, and operating margins widened by 98 basis points.
Source: Fool.com
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