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US retail sales fell 0.6% in July, the largest decrease in over a year, according to the Census Bureau. The decline contrasted sharply with economists' expectations of a small increase. Motor vehicle and parts dealers saw sales drop 1.8%, whilst non-store retailers declined 2.2%. The unexpected slump suggests persistent inflation may be causing consumers to tighten their budgets. Several retail stocks declined following the data. Department store Dillard's fell 6.6%, vehicle retailer Camping World dropped 2.7%, and boat retailer OneWater declined 3%. Dillard's shares have experienced 16 moves greater than 5% over the past year. The company recently reported second-quarter earnings of $6.25 per share, beating estimates but including a $1.82 per share one-time tariff refund boost.

Camping World reported second-quarter revenue of $1.93 billion, falling 2.1% year on year and missing analyst estimates of $1.98 billion. Adjusted earnings per share of $0.57 met expectations, whilst adjusted EBITDA of $69.13 million significantly missed the $130 million consensus. Chief executive Matt Wagner described the RV retail environment as "the weakest in over 15 years" but highlighted progress on cost controls. The company aggressively reduced inventory, cutting new RV units by 17% year on year and vehicles aged over a year by more than 60%. Same-store used vehicle sales grew over 5% as Camping World sought to provide affordable options. The Good Sam services segment saw gross margin rise to 61.8% following a technology overhaul. Management identified $100 million in structural cost savings, with $15 million expected in the fourth quarter.

Camping World Holdings (NYSE: CWH) lowers FY 2026 Adjusted EBITDA forecast to $230M-$270M. 30 July 2026 08:15 AM PDT Summarize with AI You are reading a free article with opinions that may differ from the recommendation given by Kalkine in its paid research reports. Become a Kalkine member today to get access to its research reports, in-depth technical and fundamental research. Learn more Camping World Holdings posted Q2 earnings per share of $0.57, missing the $0.63 consensus, and trimmed its full-year 2026 Adjusted EBITDA guidance to a range of $230 million to $270 million. The downgrade reduces expected profitability and puts pressure on the stock, which is already down 37.7% YTD. Key Highlights * Q2 revenue of $1.93 billion and net income of $43.7 million reported. * Cost-saving initiatives led to a $26.6 million decline in SG&A costs. * Management targets $100 million in structural SG&A reductions by early 2028. Camping World Holdings (NYSE: CWH) reported second-quarter revenue of $1.93 billion and net income of $43.7 million, while adjusted EBITDA stood at $112.1 million. Revenue growth was modest, but the firm highlighted a 5% rise in same-store used-vehicle unit sales and a $26.6 million reduction in SG&A costs. The lower EBITDA target signals reduced profit potential for the year. Cost-Saving Initiatives Accelerate The firm's cost-efficiency program delivered a $26.6 million SG&A decline for the quarter, complemented by $35 million of savings realized through April. Management identified an additional $100 million of structural SG&A reductions, planning to fully annualize these efficiencies by early 2028. A run-rate target of $50 million in savings is slated for the end of 2026, driven by streamlined tools, a more uniform customer experience, and higher operating leverage. Achieving the projected $100 million in savings will tighten margins and enhance cash generation, which could boost shareholder value if execution stays on track. The stock's decline mirrors a broader sector move where peers GPI fell 0.8%, SAH rose 1.2% and AAP slipped 0.7% on the day. The EPS miss and EBITDA downgrade add pressure to a stock already under stress, suggesting limited upside unless turnaround signs emerge. Investors must weigh the company's cost-cutting progress against the lingering demand weakness that drove earnings below expectations. The continued share weakness may present a buying opportunity for contrarian investors, but the risk of further margin erosion remains. Outlook and Upcoming Catalysts Management reset its 2026 retail industry outlook to 290,000-310,000 new units, a 15% year-over-year decline at the midpoint, and reaffirmed a path to adjusted EBITDA growth despite the lower guidance. The company expects incremental improvements in vehicle margins as inventory ages improve and sequential sales pick up in the second half of the year. Upcoming data from SSI on new- and used-vehicle registrations, slated for release in August 2026, will clarify whether the revised unit-sales assumptions hold. Peers Moving on This News * Group 1 Automotive Inc (GPI) down 0.8% * Sonic Automotive Inc (SAH) up 1.2% * Advance Auto Parts Inc (AAP) down 0.7% Analysis based on the Form 8-K filed 29 July 2026; figures verified against the filing and live market data. This article is for informational purposes only and does not constitute financial advice. Please consult a licensed financial adviser before making investment decisions. FAQs. Q: What was Camping World's EPS versus analyst expectations for Q2 2026? A: The company posted earnings per share of $0.57, falling short of the $0.63 consensus estimate. This miss contributed to the share price decline and highlights earnings pressure. Q: what cost-saving measures is Camping World implementing? A: Management has already trimmed SG&A by $26.6 million, realized $35 million in savings through April, and identified an additional $100 million of structural reductions, targeting $50 million in run-rate savings by year-end. Q: When will new vehicle registration data be released? A: SSI is scheduled to publish June 2026 new- and used-vehicle registration figures in August 2026, providing a key data point for assessing the company's volume outlook. Download Free Report - Explore 3 Stock Ideas & Industry Insights Unlock 3 stock ideas and key industry insights in its free report. This information is general in nature and does not consider your personal objectives, financial situation, or needs. It is not financial advice. All investments involve risk - consider independent advice before making any investment decisions. Disclaimer: