Camping World reports a record $2.2 billion in revenue for the second quarter, an increase of $106.8 million, or 5.2%, over the same quarter a year ago.
Net income was $198 million, a decrease of $48.1 million, or 19.5%, year-over-year.
New and used vehicle inventories were $1.7 billion, an increase of $782.5 million from June 30, 2021. This increase was driven primarily by the easing of new vehicle supply chain constraints in its core categories that the company said it had experienced in much of the prior year. “To a lesser extent, the increase was also driven by the strategic growth of our used vehicle business and an additional three locations,” it said.
“We are pleased with the sale of almost 39,000 new and used RVs which contributed to record revenues for the second quarter,” said Marcus Lemonis, chairman and CEO of Camping World Holdings. “We believe our team has both the focus and experience to navigate our business through changes in market conditions as evidenced by our solid financial results.”