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.
Camping World Holdings, Inc. (NYSE: CWH) has announced a 100% increase in its quarterly dividend, raising it from $0.25 to $0.50 per share. The cash dividend will be payable on September 28, 2021, to stockholders of record by September 14, 2021. This change elevates the annualized dividend from $1.00 to $2.00 per share, reflecting the company’s strong performance and commitment to return capital to shareholders. The dividend increase will be funded through distributions from CWGS Enterprises.
Camping World Holdings (NYSE: CWH) will host its annual Investor Conference on September 14-15 in Salt Lake City, Utah. The event will take place at the Grand America Hotel, starting with a reception on the first day, followed by a fireside chat and Q&A session. The second day includes a visit to the Camping World SuperCenter and a preview of the company's first Electric World retail location. This conference aims to connect with investors and showcase future initiatives in electrification within the recreational vehicle market.
Camping World Holdings (NYSE: CWH) has announced the nationwide rollout of its Design, DIY and Renovation Centers, aimed at creating a "Home on Wheels Improvement" category for RV enthusiasts. Following a successful launch at seven locations earlier this year, the expansion will provide RVers access to tools, resources, and installation services. The centers will feature a range of products including kitchen and bath essentials, furniture, and appliances from top brands like kathy ireland® and Thomasville. Camping World plans to discontinue certain lower-margin product categories to focus on this new venture.
Camping World Holdings, Inc. (NYSE: CWH) has announced an increase in its stock repurchase program, adding $125 million for the buyback of its Class A common stock. This brings the total amount remaining for repurchase to approximately $156.8 million. The repurchase program, initially approved on October 30, 2020, has seen $45.5 million repurchased in the past six months. CEO Marcus Lemonis expressed confidence in the company's future performance and cash flow generation. Repurchases will be conducted at the company's discretion, using available cash on hand.
Camping World Holdings reported a record revenue of $2.062 billion for Q2 2021, marking a rise of 28.3% year-over-year. Gross profit hit $759.8 million with a margin increase to 36.9%, up 644 basis points. Net income reached $246.1 million, a 50.8% increase, resulting in a net income margin of 11.9%. The company raised its adjusted EBITDA guidance from $770 million to $810 million to $840 million to $860 million, reflecting strong operational performance. Additionally, nine RV dealerships were acquired, expanding their footprint across 46 states.
Camping World Holdings, Inc. (CWH) will announce its second quarter fiscal 2021 financial results on August 3, 2021, prior to market opening. A conference call to discuss the results is scheduled for 7:30 a.m. Central Time, where investors and analysts can participate via a toll-free number. A live audio webcast will also be available online. Following the call, a taped replay will be accessible within two hours and available until August 10, 2021. Camping World is the largest retailer of RVs in the U.S., offering a wide range of products and services.
Camping World Holdings (NYSE: CWH) has launched a new line of Nautica branded products tailored for the marine and outdoor markets in the U.S. and Canada. The exclusive collection includes marine furniture, water skis, wakeboards, and life jackets, aiming to enhance the outdoor experience for RV enthusiasts. CEO Marcus Lemonis emphasized the importance of expanding product offerings to meet the evolving interests of active consumers. The products will be available online and at various retail locations, establishing Camping World's commitment to diversifying its product range.
Camping World Holdings (CWH) announces a strategic investment in Happier Camper, enhancing its entry into the van and camper conversion market. The investment aims to introduce the patented Adaptiv™ modular conversion system at Camping World SuperCenters nationwide starting in 2022. This partnership allows customers to customize their vans and campers with versatile, easy-to-install modules for various needs. Additionally, the collaboration will leverage Camping World's extensive service network, improving accessibility for consumers wanting to renovate their vehicles.
Camping World Holdings (CWH) has announced a land acquisition for TC's RV dealership in St. Albans City, Vermont. This marks the company's entry into the Vermont market and is expected to close later this summer, with plans for renovation and expansion slated for mid to late 2022. The new facility will offer a vast selection of RVs and outdoor products, enhancing Camping World's presence in the contiguous states, as they currently operate in 46 out of 48 states. CEO Marcus Lemonis emphasized the strategic importance of this acquisition for growth.
Camping World Holdings (NYSE: CWH) announced plans to develop two new RV SuperCenters in Sunbury and Madison, Ohio, covering a total of 30 acres. This expansion will increase Camping World's presence in Ohio to six locations, enhancing its offerings of RVs and outdoor products. The new sites are expected to open in fall 2022, providing job opportunities to local communities. Camping World operates in 45 of the 48 contiguous states, continuously seeking skilled personnel. CEO Marcus Lemonis emphasized the economic impact and customer service improvements expected from the expansion.
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