Camping World Cuts 2026 Earnings Outlook

The RV retailer reported a 12.4% third-quarter revenue decline and now expects full-year adjusted EBITDA below its prior guidance range.

Updated on Nov. 3, 2026 in Camping

Camping World Cuts 2026 Earnings Outlook

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Camping World Holdings reported a 12.4% drop in third-quarter revenue and a loss of $0.19 per share, sending its shares lower on Monday, Nov. 2. The company now expects full-year 2026 adjusted EBITDA to fall below the low end of its previous $230 million to $270 million range.

Why it matters

The results point to continued weakness in recreational vehicle demand, as high borrowing costs, fuel prices and restrained discretionary spending weigh on buyers. The company's accelerated efficiency program, which adds more than $50 million in anticipated annualized savings, is its main response.

Camping World reported a 12.4% third-quarter revenue decline and a loss of $0.19 per share, with its prior 2026 adjusted EBITDA guidance set at $230 million to $270 million. The company has not yet stated how far below that range full-year results will fall.

The players

Camping World Holdings

Camping World Holdings is a publicly traded recreational vehicle retailer and service company that sells new and used RVs and related products across the United States.

The details

Lower selling prices reduced revenue and narrowed gross margins, while sales of new and used vehicles weakened. Camping World said it has accelerated its efficiency program to offset the pressure.

Q3 2026: Third-quarter revenue declined 12.4% and the company posted a loss.
Monday, Nov. 2, 2026: Camping World shares fell following the results.

Market Context

The third-quarter decline extends a cooling in recreational vehicle demand that followed the pandemic-era buying surge. Weak new and used vehicle sales now sit alongside higher borrowing costs and fuel prices as the main headwinds for the sector.

Higher borrowing costs and fuel prices are weighing on RV purchases, which may affect pricing and availability for shoppers considering a new or used camper. Buyers may find more negotiating room as retailers push efficiency and sales to offset weaker demand.

The takeaway

Shoppers weighing an RV purchase should watch borrowing costs closely, since financing terms are a major driver of demand in this market right now. Comparing used inventory and financing offers can help control the total cost of ownership.