Welcome to our dedicated page for Camping World news (Ticker: CWH), a resource for investors and traders seeking the latest updates and insights on Camping World 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) will announce its third quarter fiscal 2021 financial results on November 3, 2021, before the market opens. A conference call is scheduled for 7:30 a.m. Central Time to discuss the results. Investors can participate by dialing in or joining via a live audio webcast. A replay of the call will be available shortly after the conclusion, lasting until November 10, 2021. As America's largest RV retailer, Camping World focuses on enhancing the RV lifestyle and driving long-term value for customers and shareholders.
Good Sam, the largest RV community and park network, has announced its partnership with Major League Baseball as the presenting partner for the 2021 ALDS and NLDS. Starting October 7, these playoff games will be broadcasted on TBS, FS1, and MLB Network. CEO Marcus Lemonis emphasized the importance of showcasing Good Sam's offerings during this time of brand expansion, including their Rental Marketplace. The initiative includes an integrated marketing approach covering various platforms, highlighting Good Sam's commitment to enhancing brand awareness and community engagement.
Camping World Holdings (NYSE: CWH) will host its annual Investor Conference on September 14, 2021, featuring a fireside chat led by CEO Marcus Lemonis from 5:00 PM to 6:30 PM MT. This session aims to discuss the company’s retail offerings and strategic goals, including a preview of the Electric World product line. The event will be available via a live webcast and accessible for replay for 45 days afterward. Camping World is the largest RV retailer in the U.S., with over 185 locations nationwide.
Camping World Holdings (NYSE: CWH) has announced a partnership with ESPN Events to sponsor two college football games under its Good Sam brand. The events, known as the Good Sam Texas Kickoff and Good Sam Vegas Kickoff Classic, are set for Labor Day weekend, with matches featuring Texas Tech vs. University of Houston and Brigham Young University vs. University of Arizona. This initiative aims to enhance visibility for Camping World's new RV Rental Business, further supporting its commitment to college football and outdoor sports.
Camping World Holdings, Inc. (NYSE: CWH) announced plans to expand its national presence by opening over 20 new greenfield locations in the next three years, alongside strategic acquisitions. Chairman Marcus Lemonis emphasized the importance of growing revenue and earnings, aiming for $1 billion in adjusted EBITDA. The new locations will add 350-450 service bays to the existing network and enhance the Good Sam customer base. Camping World currently operates more than 185 SuperCenters nationwide, focusing on RV sales and services.
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.
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