Camping World Plunges 21% Despite Blowing Past Estimates
Shares of Camping World Holdings (NYSE: CWH), the nation's largest retailer of recreational vehicles (RVs), declined over 21% Thursday afternoon despite the company turning in a second-quarter result that blew away analysts' estimates. What's going on?
Investors sifting through the company's second-quarter highlights will find much to like. Revenue increased 9% to $1.6 billion, easily topping analysts' estimates of $1.52 billion. Camping World's adjusted earnings-per-share checked in at $1.62, which blew away analysts' estimates of $0.57 per share. Further, gross profit increased 19.2%, and gross margin increased 260 basis points to 30.4%.
Marcus Lemonis, chairman and CEO of Camping World Holdings, said in a press release:
Source Fool.com
