Camping World has closed four dealerships and made additional staff cuts as weak RV demand forces another reduction in its 2026 earnings outlook. Shares fell more than 11% in morning trading following the announcement.
The company’s October 5 SEC disclosure says two of the dealerships are intended to reopen later. It does not identify the locations, reopening dates, or number of employees affected.
Another Earnings Warning After July’s Cut
Camping World began the year projecting adjusted EBITDA of $275 million to $325 million, according to its 2025 year-end earnings announcement.
By July, management had lowered that forecast to $230 million–$270 million. Its second-quarter results showed new RV unit sales down 16.4% from a year earlier, while revenue declined 2.1% to $1.93 billion.
Now the company expects to finish below $230 million, without providing a replacement range. That puts the latest outlook below even the lowest earnings figure management projected at the start of the year.
More Discounting as Dealers Work Through Inventory
According to the October filing, combined new and used RV unit sales softened in July and remained weak through the quarter. Dealers across the industry increased promotions to bring inventory into line with lower demand.
Sales declines moderated somewhat during August and September, but Camping World’s margins on new RV sales stayed under greater pressure than expected. Management also cited less favorable energy prices and interest rates.
For RV shoppers, that accounts for increased competition among dealers trying to sell new inventory. Discounting is helping move units, while reducing what dealers earn on those sales.
Further Staff Cuts and Four Dealership Closures
The October announcement says additional staff reductions are expected to produce at least $50 million in annual savings. Camping World is also accelerating parts of its previously announced $100 million cost-saving program.
Alongside the dealership closures, management is considering refinancing its existing term loan to increase financial flexibility. No completed refinancing was announced.
Stock Trades Near Its 52-Week Low
Stock Analysis’s market data showed Camping World shares trading at $4.45 at 9:00 a.m. Central on October 5, down 11.5% from Friday’s $5.03 close
The longer comparison shows how far the stock has fallen. At that morning price, shares were approximately 74% below their 52-week high of $17.15, trading near the bottom of their yearly range. A $1,000 investment made at that high would have been worth roughly $260 at $4.45, excluding any dividends.
Those figures reflect morning trading, with the October 5 closing price still to come.
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