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 (NYSE: CWH) has announced a regular cash dividend of $0.625 per share on its Class A Common Stock. This dividend is set to be paid on March 29, 2023, to stockholders of record by the close of business on March 14, 2023. The company's CEO, Marcus Lemonis, highlighted ongoing cost management efforts, emphasizing the importance of flexibility for dealership acquisitions and returning capital to shareholders. Future dividends will depend on various financial considerations, including operational results and capital requirements.
Camping World Holdings (NYSE: CWH) announced its fourth quarter and full-year results for 2022, reporting a net income decline of 45.3% to $351 million. Despite total revenues increasing by 0.8% to $7 billion, new vehicle revenue fell by 2.2%, while used vehicle revenue surged by 11.3% to $1.9 billion, highlighting strong demand in the used market. The gross profit decreased by 7.9% to $2.3 billion, primarily due to rising costs. Adjusted EBITDA dropped by 30.6%, indicating significant operational challenges. The company initiated aggressive cost reductions due to softening demand, while also increasing its cash dividend to $2.50 per share.
Camping World Holdings, Inc. (NYSE: CWH) is scheduled to release its financial results for the fourth quarter of fiscal 2022 on February 21, 2023, after market close. A conference call to discuss these results will follow on February 22, 2023, at 7:30 a.m. Central Time. Interested participants can join by calling 877-407-9039 (international: 1-201-689-8470). The call will also be streamed live at investor.campingworld.com. A replay will be accessible shortly after the call and will be available until March 1, 2023.
Camping World Holdings, Inc. (NYSE: CWH) has announced the opening of a new RV Dealership in San Martin, California, enhancing its growth in one of the largest RV markets in the U.S. The dealership, located at 13635 Sycamore Ave, will offer a wide selection of new and used RVs along with an array of RV products and Good Sam services. Camping World aims to provide a fun and easy RVing experience, with operations in 42 states and a commitment to building long-term value for customers and shareholders.
Camping World Holdings, Inc. (NYSE: CWH) has announced the acquisition of RV Solutions Inc., enhancing its presence in California with two new RV dealership locations in San Diego and a parts/service center in El Cajon.
The acquisition adds to Camping World's footprint, bringing the total to 18 locations in the state. The deal is expected to be finalized in the first quarter of 2023, continuing a tradition of exceptional service in the RV sector.
Camping World Holdings, Inc. (NYSE: CWH) announced the retirement of Chief Operating Officer Tamara Ward, effective December 31, 2022. She has served the company for nearly 34 years in various executive roles. Matthew Wagner, currently Executive Vice President, will succeed her as COO on January 1, 2023. Ward will remain with Camping World as a senior advisor until 2024 to facilitate the transition. Chairman and CEO Marcus Lemonis expressed gratitude for Ward's contributions, emphasizing the leadership skills of Wagner as the company anticipates future growth.
Camping World Holdings, Inc. (NYSE: CWH) announced its acquisition of Ashley Outdoors, an esteemed family-owned RV dealership located in Salem, Alabama. Set to close in Q1 2023, this acquisition aligns with Camping World's growth strategy, enhancing its service and product offerings in the Southeast. The new SuperCenter will operate under the Camping World brand, featuring a wide array of new and used RVs, outdoor products, and Good Sam services. This move aims to strengthen Camping World's market presence and customer service standards.
Camping World Holdings, Inc. (NYSE: CWH) reported a revenue of $1.9 billion for Q3 2022, down 3.2% compared to the previous year. The decline was attributed to $45.7 million less in product revenue from exited categories. Record used vehicle revenue reached $526.0 million, up 1.2%, with used vehicle unit sales hitting 14,460. However, net income fell to $102.9 million, a 45.6% decrease. Diluted EPS was $0.97, down from $1.72. The company maintained its quarterly dividend of $0.625 per share.
Camping World Holdings, Inc. (NYSE: CWH) announced the release of its financial results for the third quarter of fiscal 2022, scheduled for November 1, 2022, after market close. A conference call to discuss these results will be held on November 2, 2022, at 7:30 a.m. Central Time, with participation available via phone and an online webcast. The Company aims to provide transparency to investors and analysts through this call, emphasizing its commitment to delivering value in the RV retail sector.
Camping World Holdings (NYSE: CWH) has appointed Brett Andress as SVP of Corporate Development and Investor Relations. He will spearhead corporate initiatives and improve communication with investors to clarify the Company's strategies and performance. Previously, Andress served as a Managing Director at KeyBanc Capital Markets, specializing in the leisure sector for 10 years. His hiring is seen as a strategic move to enrich the leadership team, enhancing the Company's growth potential.
FAQ
What is the current stock price of Camping World Holdings (CWH)?
What is the market cap of Camping World Holdings (CWH)?
What is Camping World Holdings, Inc. known for?
When was Camping World Holdings, Inc. founded?
What is the Good Sam Club?
What are the main segments of Camping World Holdings, Inc.?
What products and services does Camping World offer?
How many supercenters does Camping World operate?
What recent achievements has Camping World accomplished?
What is the financial condition of Camping World Holdings, Inc.?
How does Camping World enhance its customer shopping experience?
What partnerships does Camping World have?
