Camping World posts Q3 loss and warns full‑year Adjusted EBITDA will fall short of prior range

Camping World Holdings reported third‑quarter 2026 revenue of $1.58 billion and a net loss of $320.1 million, which included a $286.7 million goodwill impairment. Adjusted EBITDA came in at $36.0 million, well below analysts' expectations, and the company said full‑year Adjusted EBITDA will be below its earlier $230 million‑$270 million outlook. It also announced cost‑saving actions targeting more than $150 million of annualized savings.

The earnings miss and lowered EBITDA outlook suggest weaker profitability for the remainder of 2026, which may pressure the stock and affect investors' valuation models. The announced cost cuts could improve cash flow, but the savings are not yet realized.

  • 1Q3 2026 revenue was $1.58 billion.
  • 2Net loss for the quarter was $320.1 million, including a $286.7 million goodwill impairment.
  • 3Adjusted EBITDA for Q3 was $36.0 million.
  • 4Adjusted EPS (non‑GAAP) was -$0.19 per share.
  • 5The company expects full‑year 2026 Adjusted EBITDA to be below the prior $230 million–$270 million range.
  • 6Cost‑saving program targets over $150 million of annualized savings.

Sources