Camping World Stock Price, News & Analysis

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.