Net income fell 28% to $14,016,000 from $19,589,000 on a 6% increase in sales to $1,312,727,000 against $1,235,602,000 that was driven by the new Gander stores. Comp store sales in the retail group declined 10.1% in the Camping World RV stores but overall sales in the Retail segment, which combines Camping World with Gander, increased 53% to $184,543,000 compared to $120,903,000. Gross profit was down 209 b.p. to 36.8% in the segment, which includes 129 Camping World stores, 60 Ganders and 22 Other banners like Erewhon, Rock Creek and Overton’s.

CWH has already pulled the plug on one Gander location and ... Log in to view full article.