RV Pain Hits Camping World
Camping World Holdings (NYSE: CWH) was one of the biggest beneficiaries of the revival of recreational vehicles as a popular travel option. Yet given how much work the company has put in trying to make itself the leader of the RV retail industry, Camping World was exposed when tougher conditions hit the RV market.
Coming into Wednesday's second-quarter financial report, Camping World investors were prepared to deal with flat sales and falling earnings. Yet even though the retailer managed to produce modest revenue growth, weaker earnings due to industry headwinds showed just how vulnerable Camping World could be if the RV market doesn't bounce back quickly.
Camping World Holdings' second-quarter results were mixed in most investors' eyes. Revenue came in at $1.47 billion, which was higher by 2.3% from year ago levels and better than the tiny 0.4% rise in sales that most of those following the stock had anticipated. However, net income of $18 million was down 27% from year-ago levels, and the resulting earnings of $0.46 per share missed the consensus forecast among investors for $0.66 per share.
Quelle Fool.com
