Camping World Holdings total revenue increased 20.4 percent to a first quarter record of $1.1 billion, according to the company’s first quarter report issued Tuesday.
Total number of RVs sold increased 21 percent to a first quarter record of 24,547 units.
Gross profit increased 21 percent to a first quarter record of $304.8 million and gross margin increased 13 basis points to a first quarter record of 28.7 percent.
Marcus A. Lemonis, Chairman and Chief Executive Officer, stated, “We had a very strong first quarter and are pleased with the continued performance of our business. While the unseasonably cold weather throughout a good portion of the country has likely impacted the early part of the peak selling season, we believe the backdrop across the RV industry remains strong and we continue to plan our business around a mid-single digit increase in same store sales in 2018.”
“We remain committed to profitable growth and have not seen any changes in the overall acquisition environment,” Lemonis said. “In the first quarter, we announced five new acquisitions with six locations across five different states and plans to open eight new Supercenters late this year and early next year that we anticipate will begin to combine all of our brands in one location and serve a broad range of RV, outdoor and active lifestyle customers.”