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Camping World Holdings, Inc. - CWH STOCK NEWS

Welcome to our dedicated page for Camping World Holdings news (Ticker: CWH), a resource for investors and traders seeking the latest updates and insights on Camping World Holdings stock.

Camping World Holdings, Inc. (CWH) is America's leading retailer of recreational vehicles (RVs), camping accessories, RV maintenance, and repair services. Founded in 1966, Camping World has grown to become a household name for outdoor enthusiasts. The company operates over 85 supercenters nationwide and offers an extensive online and catalog shopping experience.

Core Business: Camping World features a wide selection of new and used travel trailers and motorhomes from top RV manufacturers. In addition to RV sales, the company provides comprehensive RV and tow vehicle services, including maintenance, collision repair, and refurbishment through its RV Spa centers. They also offer hard-to-find parts, technical advice from knowledgeable experts, and RV rentals.

Good Sam Club: Camping World is closely associated with the Good Sam Club, the world's largest RV owners' organization with 1.3 million members. The club offers a range of services including discounts at a nationwide network of 1,700 Good Sam Parks and Resorts, vacation planning, roadside assistance, and more.

Reportable Segments: The company's operations are divided into two main segments:

  • Good Sam Services and Plans: This segment includes the sale of emergency roadside assistance plans, commissions on property and casualty insurance programs, travel assist programs, extended vehicle service contracts, vehicle financing and refinancing assistance, consumer shows and events, and consumer publications and directories.
  • RV and Outdoor Retail: This segment includes the sale of new and used RVs, commissions on finance and insurance contracts related to RV sales, RV service and collision work, and the sale of RV parts, accessories, outdoor products, equipment, gear, and supplies. This segment also covers business-to-business distribution of RV furniture and related products.

Recent Achievements and Current Projects: Camping World continues to expand its footprint with new store openings and acquisitions. The company has also been investing in digital platforms to enhance the customer shopping experience and streamline operations. Their commitment to quality service and customer satisfaction remains a top priority, evident through their extensive product offerings and comprehensive services.

Financial Condition and Partnerships: Over the years, Camping World has maintained a robust financial condition with steady revenue growth. Their partnerships with top RV manufacturers and numerous service providers have strengthened their market position, providing more value to their customers.

Conclusion: Camping World Holdings, Inc. stands as a cornerstone in the RV and outdoor retail industry. With a rich history, extensive product range, and unwavering commitment to customer service, Camping World continues to lead and inspire the RV community.

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Camping World Holdings (NYSE: CWH) reported a record Q1 2022 revenue of $1.7 billion, up 6.7% year-over-year, alongside a gross profit of $560.2 million and a gross margin of 33.7%. However, net income fell to $107.3 million, a 27.2% decline due to accelerated amortization and increased compensation expenses. Diluted EPS decreased to $1.02 from $1.40, impacted by tax benefits in the prior year. The company repurchased 2.6 million shares for $79.8 million and announced a quarterly dividend of $0.625 per share, emphasizing its adaptability in a changing economic landscape.

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Camping World Holdings has opened a new SuperCenter in Churchville, NY, marking its sixth facility in the state. This new location expands RV sales and service options for the Rochester area, featuring a 44,603 square foot facility with 11,500 square feet of retail space and 10 service bays. The grand opening is scheduled for June 9-12. CEO Marcus Lemonis highlighted the company’s commitment to the community and its offerings of new and pre-owned RVs. Camping World continues to seek skilled associates for various roles across its locations.

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Camping World Holdings, Inc. (NYSE: CWH) will announce its financial results for Q1 fiscal 2022 on May 3, 2022, after market close. A conference call is scheduled for May 4, 2022, at 7:30 a.m. Central Time to discuss these results. Interested investors can join the call by dialing 877-425-9470 and a live audio webcast will be available online at investor.campingworld.com. A replay will be accessible after the call until May 11, 2022.

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Camping World Holdings, Inc. (NYSE: CWH) reported strong financial results for Q4 and full year 2021. Revenue increased to $6.9 billion, up 26.9% year-over-year. Net income rose 86.5% to $642.1 million, with a net income margin of 9.3%. The company also boosted its dividend from $0.23 to $0.50 per share, and announced a 25% increase to $0.625 per share for 2022. Vehicle inventories reached $1.5 billion, reflecting a $645.8 million increase. Share repurchases totaled $156.3 million for the year, indicating strong cash flow and commitment to shareholder returns.

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Camping World Holdings, Inc. (NYSE: CWH) announced a 25% increase in its quarterly dividend, now $0.625 per share on Class A Common Stock. The dividend will be payable on March 29, 2022, to shareholders of record by March 14, 2022. This raises the annualized dividend from $2.00 to $2.50 per share. CEO Marcus Lemonis emphasized a commitment to return capital to shareholders while focusing on business growth. Future dividends will depend on operational results and financial conditions.

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Camping World Holdings (CWH) announced a partnership with Authentic Brands Group to launch a new line of Eddie Bauer Edition RVs. This exclusive collection will feature towable and motorized RVs designed to cater to modern adventurers seeking affordability and premium quality. The RVs are set to launch in Q3, available for purchase online and at retail locations across the U.S. Additionally, Camping World will market Eddie Bauer-branded outdoor products, enhancing their product offerings in the RV and outdoor lifestyle market.

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Camping World Holdings, Inc. (NYSE: CWH) will release its fourth quarter and fiscal 2021 financial results after the market closes on February 22, 2022. A conference call to discuss these results is scheduled for February 23, 2022, at 7:30 a.m. Central Time. Investors can join the call by dialing 800-239-9838 or via an online audio webcast. A replay will be available within two hours post-call and will remain accessible until March 2, 2022. Camping World is America’s largest RV retailer, aiming to enhance the RV experience for its customers.

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Camping World Holdings has announced an agreement to acquire Bowling RVs in Ottumwa, Iowa, marking its fourth location in the state. The acquisition is expected to close next month. CEO Marcus Lemonis highlighted the long-standing service of the Bowling family in the region and the potential to expand Camping World's customer base. The new facility will be rebranded and will offer a variety of RVs, outdoor products, and services. This move aligns with Camping World's strategy to enhance its national presence and customer offerings in the RV industry.

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Camping World Holdings (NYSE: CWH) has announced its acquisition of Big Daddy RV’s in London, Kentucky, set to close in late February. This acquisition marks Camping World's third location in the state and aims to enhance market share and customer service. The facility will transition to the Camping World brand and feature a broad range of new and used RVs, alongside outdoor products. CEO Marcus Lemonis emphasized the acquisition as a strategic growth move for 2022.

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Camping World Holdings, Inc. (NYSE: CWH) has authorized an increase in its stock repurchase program, now totaling $225,000,000. Following the increase, approximately $200,000,000 remains available for the repurchase of Class A common stock. The authorization extends to December 31, 2025 and includes provisions for various repurchase methods. This move aims to enhance shareholder value and reflects the company’s commitment to utilizing cash on hand to fund these repurchases.

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FAQ

What is the current stock price of Camping World Holdings (CWH)?

The current stock price of Camping World Holdings (CWH) is $21.31 as of December 20, 2024.

What is the market cap of Camping World Holdings (CWH)?

The market cap of Camping World Holdings (CWH) is approximately 1.2B.

What is Camping World Holdings, Inc. known for?

Camping World Holdings, Inc. is known for being America's leading retailer of RVs, camping accessories, and RV maintenance and repair services.

When was Camping World Holdings, Inc. founded?

Camping World Holdings, Inc. was founded in 1966.

What is the Good Sam Club?

The Good Sam Club is the world's largest RV owners' organization with 1.3 million members, offering services like discounts, vacation planning, and roadside assistance.

What are the main segments of Camping World Holdings, Inc.?

Camping World Holdings, Inc. has two main segments: Good Sam Services and Plans, and RV and Outdoor Retail.

What products and services does Camping World offer?

Camping World offers new and used RVs, RV parts, accessories, maintenance, collision repair, RV rentals, and technical advice.

How many supercenters does Camping World operate?

Camping World operates over 85 supercenters nationwide.

What recent achievements has Camping World accomplished?

Camping World has been expanding its footprint with new store openings, acquisitions, and investments in digital platforms to enhance customer experience.

What is the financial condition of Camping World Holdings, Inc.?

Camping World Holdings, Inc. has maintained a robust financial condition with steady revenue growth over the years.

How does Camping World enhance its customer shopping experience?

Camping World enhances customer shopping experience through extensive product offerings, comprehensive services, and investments in digital platforms.

What partnerships does Camping World have?

Camping World has strong partnerships with top RV manufacturers and numerous service providers, which add value to their customers.

Camping World Holdings, Inc.

NYSE:CWH

CWH Rankings

CWH Stock Data

1.23B
56.93M
2.14%
76.27%
10.76%
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