Earnings Releases·Nov 2, 2026, 4:10 PM ET

Camping World Holdings, Inc. — Third Quarter 2026 Earnings Summary

Total revenue declined 12.4% year-over-year to $1.58 billion, while the company reported a net loss of $320.1 million (including a $286.7 million noncash goodwill impairment) and adjusted EBITDA fell 62.4% to $36.0 million.
Full-year 2026 Adjusted EBITDA guidance has been lowered to below the previous range of $230 million to $270 million, with no additional full-year guidance provided and 2027 framework discussions reserved for the fourth quarter.
Vehicle unit sales dropped 17.1% combined, driven by a 25.4% decline in new units and 8.1% in used units, resulting in gross margin compression across new (down 252 bps) and used (down 36 bps) segments.
Management accelerated cost actions to achieve over $150 million in annualized savings by 2028, reduced SG&A by $24 million in the quarter, and noted a 7.0% decrease in net debt to $1.29 billion.