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) delivers essential updates for stakeholders tracking North America's leading RV retailer and outdoor services provider. This resource aggregates official press releases and verified news covering corporate developments across both core business segments: RV/outdoor retail operations and Good Sam membership services.
Investors and industry observers will find timely updates on earnings reports, strategic partnerships, product launches, and operational expansions. Content focuses on factual reporting of financial performance, leadership announcements, and initiatives impacting the RV lifestyle market. All materials maintain compliance with financial disclosure standards while prioritizing accessibility for both casual observers and professional analysts.
Key coverage areas include quarterly financial results, dealership network growth, Good Sam Club enhancements, and innovations in RV maintenance services. The curated format enables efficient tracking of CWH's market position relative to outdoor recreation trends and consumer demand patterns.
Bookmark this page for streamlined access to Camping World Holdings' latest corporate communications, ensuring informed monitoring of this specialized retail/service hybrid in the evolving outdoor economy.
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.
Camping World Holdings (CWH) has partnered with BitPay to accept cryptocurrencies, including Bitcoin and Ethereum, for RV purchases. This move aims to enhance customer convenience and attract new buyers without holding cryptocurrency on its balance sheet. The initial rollout starts at locations in Chicago, IL, and Kenosha, WI, with plans to expand to all RV-selling locations and e-commerce platforms by summer. This initiative reflects Camping World's commitment to innovation in the RV marketplace and improving the customer experience in the digital age.
Camping World Holdings (CWH) announced its acquisition of Nomad Reservations, a campground booking engine, enhancing its data ecosystem. This acquisition allows Camping World to provide customized marketing communications by leveraging unique customer data points, improving user experience in the RV and outdoor marketplace. Nomad Reservations offers campground management solutions and a trip planning tool to create personalized travel experiences. CEO Marcus Lemonis highlighted this move as part of Camping World's strategy to improve RV experiences and integrate innovative technologies.
Camping World Holdings (NYSE: CWH) announced the addition of Elizabeth Garry as VP of Ecommerce and Jessica Wegner as VP of Customer Loyalty and Membership to bolster growth initiatives. Garry will enhance the company's digital retail platform, drawing from her experience at Wayfair and Walmart eCommerce. Wegner will focus on customer acquisition and retention, expanding the profitable Good Sam Membership segment, leveraging her previous roles at Discover Financial Services and Ulta Beauty. CEO Marcus Lemonis emphasized the importance of innovative leadership to strengthen the company.
Camping World Holdings, Inc. (NYSE: CWH) announced the release of its financial results for the first quarter of fiscal 2021, scheduled for May 4, 2021, before market opening. A conference call to discuss these results will begin at 7:30 a.m. CT, with dial-in options available for investors and analysts. The call will also be webcast live for online accessibility, and a replay will be available shortly after the call concludes and until May 11, 2021. Camping World is the largest retailer of RVs and related products in America, with a strong commitment to customer service and community.
Camping World Holdings (NYSE: CWH) has announced an Investor Conference taking place on September 14-15 in Salt Lake City, Utah. The event aims to share insights on the Company's strategic goals with investors and analysts. Hosted by Marcus Lemonis, the conference will feature a dinner reception and a presentation of the first Electric World retail location in Draper. The complete agenda will be available on the Camping World Investor Relations page from May 1, 2021.
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