Camping World reported losses in the fourth quarter of 2024 and for the full year in financial results released Tuesday. The dealer chain’s top executives took the opportunity to focus on 2025.
Company President Matthew Wagner said momentum was on Camping World’s side to start 2025. January’s same-store used RV sales increased over 10% from January 2024 levels, and new RV sales increased from January 2024 as well.
He said, “This early season performance gives us confidence in achieving the 2025 guideposts that we provided on our last call.”
Camping World Chairman and CEO Marcus Lemonis said green shoots are unfolding across the industry, supporting Camping World’s expectations for a more stable 2025.
“The organization is positioned exceptionally well for organic and inorganic growth in 2025,” he said. “Our focus rests solely on selling more RVs, cost discipline, and driving significantly improved profitability across our enterprise.”
The fresh start to 2025 occurs after a difficult fourth quarter of 2024 for Camping World. The company lost $59.5 million in the quarter, totaling a $78.9 million loss for the entire year. The dealer chain made $52.9 million in 2023 profits.
Fourth-quarter revenue increased 8.6% from the fourth quarter of 2023 to $1.2 billion. For the year, revenue totaled $6.1 billion, down 2% from 2023.
New RV sales rose 10.7% in the fourth quarter from the fourth quarter of 2023. Used RV sales rose 8.2% in the quarter.
For the year, new RV revenue rose 9.7% from 2023 levels. Used RV revenue declined 18.5% to $1.6 billion.
