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. (NYSE: CWH) is, by its own description, the world’s largest retailer of RVs and related products and services, operating under the Camping World and Good Sam brands. This news page aggregates company announcements, press releases, and market updates so readers can follow developments affecting CWH and its role in the RV and outdoor recreation market.
Recent Camping World news has covered a range of topics, including quarterly earnings results, dividend declarations on its Class A common stock, and participation in investor conferences hosted by firms such as Raymond James, Stephens, and J.P. Morgan. These items provide insight into the company’s financial performance, capital allocation decisions, and engagement with the investment community.
Another recurring theme in Camping World’s news flow is its focus on the Good Sam brand and related financial services. The company has highlighted an expanded partnership with Octane Lending, Inc. under the Good Sam Powered by Octane brand, embedding financing products across its digital purchasing platforms and nearly 200 dealership locations. News about this relationship describes how Camping World seeks to support an asset-light strategy while offering seamless, branded financing and gaining insight into credit mix, approval rates, and loan performance.
Leadership and governance updates also appear in Camping World’s news. The company has announced a succession plan under which its President, Matthew Wagner, is scheduled to become Chief Executive Officer, and Brent Moody is set to become Chairman of the Board, while Co-Founder Marcus A. Lemonis transitions to a non-executive advisory role. Investors and observers can use this news page to track such changes alongside operational updates and strategic initiatives described by the company.
By reviewing this feed, readers can monitor Camping World’s official communications about its RV and outdoor retail operations, Good Sam services and plans, financing partnerships, dividends, and investor outreach activities over time.
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.
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.