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Income Statement (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Revenue | 1.8B | 32.3% |
| Gross Profit | 541M | 35.5% |
| Cost of Revenue | 1.26B | 30.9% |
| Operating expense | 452M | 13.6% |
| Net Income | 9.8M | 143.8% |
| EBITDA | 115M | 1303.1% |
Balance Sheet (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Total Assets | 4.96B | 1.2% |
| Total Liabilities | 4.8B | 1.5% |
| Total Equity | 106M | 7% |
| Shares Outstanding | 85M | 0.1% |
Cash Flow (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Cash from operations | 152M | 324.1% |
| Cash from investing | 4.6M | 107.7% |
| Cash from financing | -163M | 238.5% |
EPS
Financial Highlights for Camping Worlds in Q2 '24
Camping Worlds reported a revenue of 1.8B, which is a 32.3% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 541M, marking a 35.5% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 1.26B, a 30.9% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 452M, showing a 13.6% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 9.8M, showing a 143.8% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 115M, showing a 1303.1% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
It was a positive quarter for Camping Worlds with growth in revenue, gross profit, and net income. Higher operating expenses might indicate increased investments or potential inefficiencies.
