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. (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.
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.
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