Camping World Holdings, Inc. Files 2023 Annual Report (10-K)

TL;DR

<b>Camping World Holdings, Inc. has submitted its 2023 10-K filing, detailing financial performance and operational aspects for the fiscal year ending December 31, 2023.</b>

AI Summary

Camping World Holdings, Inc. (CWH) filed a Annual Report (10-K) with the SEC on February 26, 2024. Camping World Holdings, Inc. filed its 10-K report for the fiscal year ending December 31, 2023. The filing covers financial data and business operations for the period. Key financial statement items such as retained earnings and additional paid-in capital are detailed as of December 31, 2023. The report includes information on various allowances, including for credit losses and noncurrent other assets. Details on stock activity, such as treasury stock and common units, are provided for the fiscal year.

Why It Matters

For investors and stakeholders tracking Camping World Holdings, Inc., this filing contains several important signals. This 10-K filing provides investors with a comprehensive overview of Camping World's financial health and strategic positioning for the past fiscal year. The detailed financial data, including balance sheet items and allowances, is crucial for assessing the company's stability and future prospects.

Risk Assessment

Risk Level: medium — Camping World Holdings, Inc. shows moderate risk based on this filing. The filing is a standard annual report (10-K), which typically contains a mix of positive and negative information, making the overall sentiment neutral. Specific financial performance details beyond what's in the header are not yet analyzed.

Analyst Insight

Investors should review the full 10-K filing to understand the company's financial performance, risk factors, and management's outlook for the upcoming year.

Key Numbers

• 2023-12-31 — Fiscal Year End (Reporting period)
• 2024-02-26 — Filing Date (Date of submission)

Key Players & Entities

• Camping World Holdings, Inc. (company) — Filer name
• 2023-12-31 (date) — Fiscal year end
• 2024-02-26 (date) — Filing date
• Lincolnshire, IL (location) — Business address city, state

FAQ

Industry Context

Camping World Holdings operates in the recreational vehicle (RV) and outdoor lifestyle industry, which is subject to consumer spending trends and economic conditions.

Regulatory Implications

As a publicly traded company, Camping World Holdings is subject to the reporting requirements of the Securities and Exchange Commission (SEC), including the filing of annual (10-K) and quarterly (10-Q) reports.

What Investors Should Do

1. Review the full 10-K for detailed financial statements and management discussion.
2. Analyze the company's revenue segments and cost structures.
3. Assess the company's debt levels and liquidity position.

Key Dates

• 2023-12-31: Fiscal Year End — End of the reporting period for the 10-K filing.
• 2024-02-26: Filing Date — Date the 10-K report was officially submitted to the SEC.

Year-Over-Year Comparison

This is the 2023 10-K filing. A comparison to the previous year's filing would require access to the 2022 10-K.

Key Financial Figures

• $0.01 — ich registered Class A Common Stock, $0.01 par value per share CWH New York Sto
• $5.9 million — th the Active Sports Restructuring were $5.9 million. On January 17, 2024, we announced tha

Filing Documents

• cwh-20231231x10k.htm (10-K) — 6598KB
• cwh-20231231xex4d2.htm (EX-4.2) — 50KB
• cwh-20231231xex10d22.htm (EX-10.22) — 88KB
• cwh-20231231xex21d1.htm (EX-21.1) — 94KB
• cwh-20231231xex23d1.htm (EX-23.1) — 3KB
• cwh-20231231xex24d1.htm (EX-24.1) — 42KB
• cwh-20231231xex31d1.htm (EX-31.1) — 13KB
• cwh-20231231xex31d2.htm (EX-31.2) — 13KB
• cwh-20231231xex32d1.htm (EX-32.1) — 8KB
• cwh-20231231xex32d2.htm (EX-32.2) — 8KB
• cwh-20231231xex97d1.htm (EX-97.1) — 39KB
• cwh-20231231x10k001.jpg (GRAPHIC) — 83KB
• cwh-20231231x10k002.jpg (GRAPHIC) — 87KB
• cwh-20231231x10k004.jpg (GRAPHIC) — 63KB
• 0001558370-24-001703.txt (&nbsp;) — 25124KB
• cwh-20231231.xsd (EX-101.SCH) — 123KB
• cwh-20231231_cal.xml (EX-101.CAL) — 144KB
• cwh-20231231_def.xml (EX-101.DEF) — 700KB
• cwh-20231231_lab.xml (EX-101.LAB) — 1038KB
• cwh-20231231_pre.xml (EX-101.PRE) — 984KB
• cwh-20231231x10k_htm.xml (XML) — 5192KB

Business

Business 7 Item 1A

Risk Factors

Risk Factors 15 Item 1B Unresolved Staff Comments 46 Item 1C Cybersecurity 46 Item 2

Properties

Properties 48 Item 3

Legal Proceedings

Legal Proceedings 49 Item 4 Mine Safety Disclosures 49 PART II Item 5 Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 52 Item 6 [Reserved] 55 Item 7

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 55 Item 7A

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 83 Item 8

Financial Statements and Supplementary Data

Financial Statements and Supplementary Data 85 Item 9 Changes in and Disagreements with Accountants on Accounting and Financial Disclosure 145 Item 9A

Controls and Procedures

Controls and Procedures 145 Item 9B Other Information 148 Item 9C Disclosure Regarding Foreign Jurisdictions that Prevent Inspections 148 PART III Item 10 Directors, Executive Officers and Corporate Governance 149 Item 11

Executive Compensation

Executive Compensation 149 Item 12

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 149 Item 13 Certain Relationships and Related Transactions, and Director Independence 150 Item 14 Principal Accountant Fees and Services 150 PART IV Item 15 Exhibits and Financial Statement Schedules 151 Item 16 Form 10-K Summary 154

Signatures

Signatures 155 2 Table of Contents Summary of Principal Risk Factors We operate in a rapidly changing environment that involves a number of risks, some of which are beyond our control. In evaluating our company, you should consider carefully this summary of risks and uncertainties described below together with the other information included in this Annual Report on Form 10-K ("Form 10-K"), including our consolidated financial statements and related notes included in Part II, Item 8, "Financial Statements and Supplementary Data" in this Form 10-K. The occurrence of any of the following risks may materially and adversely affect our business, financial condition, results of operations and future prospects: Our business model is impacted by general economic conditions in our markets, including inflation and interest rates, as well as the health of the RV industry, and ongoing economic and financial uncertainties could cause a decline in consumer spending that could adversely affect our business, financial condition and results of operations. Our business is affected by the availability and cost of financing to us and our customers. Fuel shortages, high prices for fuel, or changes in energy sources could have a negative effect on our business. Our success depends to a significant extent on the well-being, as well as the continued popularity and reputation for quality, of our manufacturers, particularly Thor Industries, Inc. and Forest River, Inc. Changes in consumer preferences for our products or our failure to gauge those preferences could lead to reduced sales and increased cost of sales and selling, general and administrative expenses. We have announced a strategic review of our Good Sam business, and any resulting transaction may introduce significant risks and uncertainties. Competition in the market for services, protection plans, products and resources targeting the RV lifestyle or RV enthusiast could reduce our revenues and profitability. Our ex

BUSINESS

ITEM 1. BUSINESS Overview Camping World Holdings, Inc. (together with its subsidiaries) is the world's largest retailer of recreational vehicles ("RVs") and related products and services. Our vision is to build a long-term legacy business that makes RVing fun and easy, and our Camping World and Good Sam brands have been serving RV consumers since 1966. We strive to build long-term value for our customers, employees, and stockholders by combining a unique and comprehensive assortment of RV products and services with a national network of RV dealerships, service centers and customer support centers along with the industry's most extensive online presence and a highly-trained and knowledgeable team of associates serving our customers, the RV lifestyle, and the communities in which we operate. We also believe that our Good Sam organization and family of services and plans enables us to connect with our customers as stewards of the RV lifestyle. On December 31, 2023, we operated a total of 202 store locations, with all locations selling and/or servicing RVs. Business Strategy Key elements of our business strategy are: Offer a Unique and Comprehensive Assortment of RV Products and Services. We believe our product and service offerings represent the best and most comprehensive assortment of services, protection plans, products and resources in the RV industry. We also believe our used RV offering and reconditioning program are best in class and provide us with a unique strategic advantage in the market. Many of our offerings, including our Good Sam services and plans, our private label RVs, our digital retail experience through RVs.com, our RV manufacturer exclusive dealership locations, and our private label accessories, are unique to us and have been developed in collaboration with leading industry suppliers and RV enthusiasts. We believe our size and scale allow us to deliver exceptional value to our customers. Operate a National Network of RV Dealerships and

View Full Filing

View this 10-K filing on SEC EDGAR