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. reports recurring developments tied to its RV dealership and outdoor retail business, including new and used recreational vehicle sales, finance and insurance activity, service work, parts and accessories, and Good Sam services. Company updates frequently address unit volumes, same-store sales trends, gross profit, SG&A efficiency, Adjusted EBITDA, inventory turns, and conditions affecting RV consumer demand.
News also covers Good Sam partnerships and digital financing initiatives, dividend declarations on Class A common stock, earnings call schedules, investor presentations, and governance changes. These items reflect Camping World’s operating focus across RV and Outdoor Retail and Good Sam Services and Plans.
Camping World Holdings, Inc. (NYSE: CWH) announced a cash dividend of $0.25 per share on its Class A Common Stock, payable on June 29, 2021, to stockholders of record by June 15, 2021. The dividend includes a regular quarterly payment of $0.10 and a special quarterly dividend of $0.15. Future dividends will depend on various factors, including financial condition and operational results, as determined by the Board of Directors. Camping World continues to focus on long-term value for its stakeholders, combining a wide assortment of RV products with a strong dealership network.
Camping World Holdings, Inc. (NYSE: CWH) is set to refinance its senior secured credit facilities, targeting an increase in revolving credit capacity and an extension of the maturity date. The details regarding this refinancing will be disclosed post-transaction completion, expected later this month. However, the refinancing is contingent on customary closing conditions and market factors, leaving its occurrence uncertain. The company emphasizes its commitment to building long-term value for stakeholders in the RV retail sector.
Camping World Holdings announced the acquisition of Boat-N-RV Superstore in Ridgeland, SC, expanding its footprint in the outdoor recreation market. The facility, which recently underwent renovations, is set to open soon and will transition to the Gander RV and Outdoors brand. This acquisition marks Camping World's fifth RV location in South Carolina, enhancing its strategy to showcase the Overton’s brand. The company currently has operations in 45 states and continues to seek opportunities for expansion.
Camping World Holdings (NYSE: CWH) announces the launch of the exclusive Thomasville Recreation brand for RV and camping furniture in the U.S. This collection will feature modern and classic designs with premium materials, catering to the growing demand for high-quality RV products. Accompanying this launch is the company's acquisition of furniture manufacturer Allure, which strengthens its vertical integration and enhances sales opportunities. The new furniture line will be available in late 2021 at Camping World and Gander RV & Outdoors locations, as well as online.
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.