nuCamp RV recently announced that revenue for the first quarter grew by 2 percent over 2019, the company reported. The initial forecast for 2020 pegged growth at 21 percent year-over-year, but sales sharply declined the second half of March due to COVID-19.
“While we were unable to achieve the goals we set for the first quarter, we are pleased nonetheless with the improvement,” said Scott Hubble, CEO of nuCamp. “Our team laid out a plan and executed it as intended. While nobody could fully anticipate the pandemic, I couldn’t be prouder of the job that was done. Our supply chain remains strong and we are on great footing all the way around.”
Hubble added that nuCamp’s internal metrics are also trending the right way.
“We’ve received a record number of social media interactions and web inquiries the past couple of weeks,” he said. “Looking at that data, along with recent dealer success and a host of positive projections for the outdoor and RV segments, makes us extremely confident about the market that awaits.”
Hubble also shared that nuCamp will reopen operations next week. Earlier this week, the governor of Ohio officially announced that manufacturing could reopen on May 4.
“We’ve revised our 2020 projections – showing more growth in the 2nd half of the year than we originally anticipated,” Hubble said. “We’re excited to scale up production to meet the rising demand and release new products as originally scheduled.”
