Camping World Stock Price, News & Analysis

Camping World Holdings (NYSE: CWH) announced the opening of its fifth location in Missouri, in Cape Girardeau, covering 12 acres. Construction has started on the Cape Girardeau SuperCenter, expected to open in summer 2022. The facility will feature approximately 33,000 square feet of space, including 10,500 square feet for retail and 14 service bays, providing a wide range of new and used RVs and outdoor products.

CEO Marcus Lemonis emphasized the economic impact for the community and the service it offers to their 5.5 million active customers.

Camping World Holdings (NYSE: CWH) has announced its acquisition of Lloyd Bridges Traveland in Chelsea, Michigan, bringing its dealership count to nine in the state. This acquisition, set to close in early 2022, allows Camping World to enhance its market presence in an area with strong RV demographics. The two existing locations will transition to the Camping World brand, offering a broad range of new and used RVs and outdoor products. CEO Marcus Lemonis emphasized the strategic importance of the deal, enhancing customer service capabilities.

Camping World Holdings, Inc. (NYSE: CWH) announced plans for a $300 million add-on to its senior secured term loan. This financing aims to support the acquisition and development of additional RV dealerships and service centers. The terms of the loan will be disclosed once the transaction is finalized, expected later this month, contingent upon market conditions and customary closing requirements. The company, headquartered in Lincolnshire, IL, continues to expand its footprint in the RV retail sector, enhancing its service capabilities.

Camping World Holdings, Inc. (NYSE: CWH) declared a cash dividend of $0.50 per share on its Class A Common Stock, scheduled for payment on December 29, 2021. Stockholders recorded as of December 14, 2021 will receive this dividend. Future dividend payments will be contingent on various factors including operational results, financial condition, debt levels, and capital requirements. Camping World continues to emphasize its commitment to delivering value through its extensive RV product and service offerings, supporting its long-term vision.

Camping World Holdings, Inc. (NYSE: CWH) achieved record third-quarter results for the quarter ending September 30, 2021. Revenue reached $1.917 billion, a 14.2% increase year-over-year, while gross profit rose 29.7% to $691.4 million, reflecting an improved gross margin of 36.1%. Net income grew by 22.3% to $189.3 million, with diluted earnings per share at $1.72. The company also raised its 2021 Adjusted EBITDA guidance from $840 million to a range of $915 million to $930 million, highlighting strong operational performance.

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.