Earnings Call Summary | Camping World(CWH.US) Q1 2024 Earnings Conference
Earnings Call Summary | Camping World(CWH.US) Q1 2024 Earnings Conference
The following is a summary of the Camping World Holdings, Inc. (CWH) Q1 2024 Earnings Call Transcript:
以下是露營世界控股有限公司（CWH）2024年第一季度業績電話會議記錄摘要：
Financial Performance:
財務業績：
Camping World reported Q1 2024 revenue of $1.4 billion, down 8% from last year due to used unit volume.
New vehicle revenue signaled first year-over-year increase in six quarters reaching $656 million.
Adjusted EBITDA for Q1 was $8.2 million, impacted by used vehicle gross profit pressure and additional expenses.
Owing to potential lack of interest rate reductions, the company foresees $15 million higher floor plan interest.
Despite unsatisfactory Q1 results, the strategic decisions taken are viewed as investments towards future growth.
Profits were compromised due to a choice to reduce gross profit, aimed at increasing overall GPU by lowering ASP.
露營世界報告稱，由於二手單位數量，2024年第一季度收入爲14億美元，比去年下降8％。
新車收入標誌着六個季度以來首次同比增長，達到6.56億美元。
受二手車毛利壓力和額外支出的影響，第一季度調整後的息稅折舊攤銷前利潤爲820萬美元。
由於可能不降低利率，該公司預計底層計劃利息將增加1500萬美元。
儘管第一季度業績不令人滿意，但所採取的戰略決策被視爲對未來增長的投資。
由於選擇減少毛利，利潤受到損害，其目的是通過降低ASP來增加整體GPU。
Business Progress:
業務進展：
Camping World recorded 16% same-store increase in new units, a trend anticipated to continue.
Multiple non-core assets were sold and under-performing assets slashed to improve financial results and unlock capital.
Cooperation with Goldman Sachs is underway to explore alternatives for the Good Sam business segment.
Despite industry challenges, the company maintains confidence in their ability to sell more units by controlling certain market factors.
Initiation of the Camping World auction process indicates a strategic effort to establish market values for used products and control inventory segments.
A strategic shift to focus on a limited number of suppliers has seen the sale of the furniture business to a major supplier, Lippert.
The company aims to achieve dominance on the RV sales side, with major focus on three manufacturers: THOR, Forest River, and Winnebago.
Plans for continued store growth and development of a new store concept are supported by manufacturers.
Camping World的同店新增單位增長了16％，這一趨勢預計將持續下去。
出售了多項非核心資產，削減了表現不佳的資產，以改善財務業績和釋放資本。
與高盛的合作正在進行中，以探索Good Sam業務板塊的替代方案。
儘管面臨行業挑戰，但該公司對通過控制某些市場因素出售更多單位的能力保持信心。
Camping World拍賣程序的啓動表明了爲二手產品確立市場價值和控制庫存細分市場所做的戰略努力。
戰略轉向專注於有限數量的供應商，這使傢俱業務被出售給了主要供應商利珀特。
該公司的目標是在房車銷售方面佔據主導地位，主要關注三家制造商：THOR、Forest River和Winnebago。
製造商支持門店持續增長和新門店概念發展的計劃。
More details: Camping World IR
更多詳情： 露營世界 IR
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：欲了解更多詳情，請訪問投資者關係網站。本文僅供投資者參考，不構成任何投資建議。
譯文內容由第三人軟體翻譯。