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) announced a cash dividend of $0.25 per share on its Class A Common Stock, payable on June 29, 2021, to stockholders of record by June 15, 2021. The dividend includes a regular quarterly payment of $0.10 and a special quarterly dividend of $0.15. Future dividends will depend on various factors, including financial condition and operational results, as determined by the Board of Directors. Camping World continues to focus on long-term value for its stakeholders, combining a wide assortment of RV products with a strong dealership network.
Camping World Holdings, Inc. (NYSE: CWH) is set to refinance its senior secured credit facilities, targeting an increase in revolving credit capacity and an extension of the maturity date. The details regarding this refinancing will be disclosed post-transaction completion, expected later this month. However, the refinancing is contingent on customary closing conditions and market factors, leaving its occurrence uncertain. The company emphasizes its commitment to building long-term value for stakeholders in the RV retail sector.
Camping World Holdings announced the acquisition of Boat-N-RV Superstore in Ridgeland, SC, expanding its footprint in the outdoor recreation market. The facility, which recently underwent renovations, is set to open soon and will transition to the Gander RV and Outdoors brand. This acquisition marks Camping World's fifth RV location in South Carolina, enhancing its strategy to showcase the Overton’s brand. The company currently has operations in 45 states and continues to seek opportunities for expansion.
Camping World Holdings (NYSE: CWH) announces the launch of the exclusive Thomasville Recreation brand for RV and camping furniture in the U.S. This collection will feature modern and classic designs with premium materials, catering to the growing demand for high-quality RV products. Accompanying this launch is the company's acquisition of furniture manufacturer Allure, which strengthens its vertical integration and enhances sales opportunities. The new furniture line will be available in late 2021 at Camping World and Gander RV & Outdoors locations, as well as online.
Camping World Holdings (NYSE: CWH) has announced the acquisition of Hilmerson RV, a dealership in Little Falls, Minnesota. Expected to close by early summer 2021, this acquisition will enhance Camping World's presence in the state, representing its 11th location. Hilmerson RV has a strong reputation with over 37 years of service. The facility will be rebranded under Camping World, offering new and used RVs, along with a wide selection of RV products. Currently, Camping World operates in 45 states and continues to expand its footprint in the RV market.
Camping World Holdings, Inc. (CWH) reported a strong first quarter for 2021, with revenues up by $530.5 million to $1.558 billion. Gross profit rose to $520.5 million, marking an increase of $217.8 million and a gross margin of 33.4%. The company achieved net income of $147.4 million, up $161.6 million from the previous year, with a net income margin of 9.5%. Adjusted EBITDA also saw substantial growth, increasing to $189.3 million.
Due to this performance, CWH raised its fiscal year Adjusted EBITDA guidance from $640-$690 million to $770-$810 million.
Camping World Holdings (CWH) has announced an increase in its quarterly dividend from $0.23 to $0.25 per share, amounting to an additional $0.08 annually for shareholders. The new dividend includes a regular cash dividend of $0.10 and an excess tax distribution of $0.15 per share. CEO Marcus Lemonis expressed confidence in the company's strong performance and ability to generate profitable growth. Future dividend declarations will depend on various factors such as operational results and financial condition.
Camping World Holdings (NYSE: CWH) has appointed AnnaMarie Balch Olson as Vice President of Learning and Development. With over 10 years of experience in engagement and organizational development, Ms. Balch Olson will enhance the company's Learning Management System (LMS) to improve employee training and retention. CEO Marcus Lemonis emphasized the importance of a well-trained workforce for future success. Camping World aims to invest in education to adapt to the changing environment and drive growth.
Camping World Holdings (NYSE: CWH) announced the upcoming launch of its Peer-to-Peer RV Rental marketplace, Camping World RV Rentals, aimed at enhancing accessibility to RV experiences. The platform allows RV owners to connect with renters, maximizing the owners' returns while offering affordable rental options. Listings will begin on May 14, 2021, with bookings opening in July 2021. Good Sam will provide additional services, including rental protection and roadside support, to enrich the user experience, furthering Camping World's technological investment in the RV industry.
Camping World Holdings (CWH) announced a strategic investment in HearHere, an audio app for travelers, enhancing its proprietary trip planning tool. This integration aims to provide real-time content, enriching the consumer experience as they travel. HearHere features over 10,000 stories that offer historical insights based on user locations. This move underscores Camping World's commitment to innovation and improvement in the RV and outdoor marketplace. CEO Marcus Lemonis highlighted the importance of partnerships for long-term growth in the outdoor lifestyle sector.
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