Camping World Stock Price, News & Analysis

Camping World Holdings, Inc. (NYSE: CWH) declared a cash dividend of $0.23 per share on its Class A Common Stock, payable on March 29, 2021, to stockholders of record by March 15, 2021. The dividend includes a regular quarterly cash dividend of $0.09 per share and a special quarterly dividend of $0.14 per share, originating from excess tax distributions from CWGS Enterprises. Future dividends will depend on various factors evaluated by the Board of Directors, including financial conditions and operational results.

Camping World Holdings (CWH) announced its adjusted EBITDA guidance for 2021, projecting a range between $640 million and $690 million. CEO Marcus Lemonis expressed optimism regarding the company's future prospects during the Q4 and year-end 2020 earnings call. Camping World is recognized as America's largest RV retailer, focused on creating long-term value for stakeholders. The company emphasizes its unique position in the RV market, supported by a national network of dealerships and a comprehensive online presence.

Camping World Holdings, Inc. (CWH) reported a strong financial performance for the fourth quarter and full year of 2020. Revenue reached $5.4 billion, reflecting an 11.3% increase, while gross profit surged 32.2% to $1.7 billion. Net income substantially rose by $464.5 million to $344.2 million. The number of Active Customers grew by 3.8%, totaling about 5.31 million. However, the company incurred long-lived asset impairment and restructuring costs linked to its 2019 Strategic Shift, amounting to $30 million. The fourth quarter alone saw revenue of $1.1 billion, a 17.5% increase from the previous year.

Camping World (NYSE: CWH) has launched multi-language initiatives to enhance domestic and international expansion. The first phase, starting with Spanish, will improve consumer platforms across e-commerce, messaging, and digital media. The French rollout is planned for late summer 2021, supporting expansion into Canada. With over 170 SuperCenters, Camping World aims to bolster its offerings in recreational products and services. CEO Marcus Lemonis emphasized the importance of a seamless shopping experience for consumers, which reflects diligent market adaptation.

Camping World Holdings (CWH) has signed an agreement to acquire Lee’s Family Trailer in Windham, ME, marking its first location in Maine. The acquisition aims to establish a recreational dealer platform across all 48 contiguous states and is expected to close in April 2021. This initiative is projected to enhance convenience for Camping World's 5.5 million customers, facilitating online sales of new and used RVs. The new facility will operate under the Camping World brand and is set to open by mid-April.

Camping World Holdings (NYSE: CWH) announced the acquisition of Flagg RV's two dealerships in Uxbridge and West Boylston, MA, plus land in Griswold, CT, for a future location. Set to close in April 2021, this acquisition aims to bolster Camping World's presence, doubling its store count in Massachusetts to four. The deal aligns with Camping World’s strategy to expand into Rhode Island and Connecticut, enhancing its market share across the U.S.

Camping World Holdings (NYSE: CWH) announced the acquisition of two locations in Hamburg, PA, and Albany, NY, further expanding its footprint. The new sites were purchased from Boat-N-RV Superstore and rebranded as Gander RV & Outdoors. This expansion supports Camping World's commitment to having locations in all contiguous U.S. states and increasing market share. The company operates over 170 SuperCenters nationwide, offering a varied selection of RVs, outdoor products, and services to enhance its customer experience.

Camping World Holdings, Inc. (CWH) announced that it will release its fourth quarter and fiscal year 2020 financial results on February 25, 2021. A conference call will follow at 4:05 PM ET for discussion. Investors can participate by calling 800-263-0877 or via a live audio webcast on the company’s investor relations site. A recording will be available afterward until March 4, 2021. Camping World, headquartered in Lincolnshire, Illinois, is a leading retailer of recreational vehicles and outdoor equipment, boasting over 160 locations across 38 states.

Camping World Holdings, Inc. (NYSE: CWH) has raised over $500,000 to support local restaurants and food-insecure communities via the Plating Change program. This initiative, part of the Lemon-Aid Foundation established by CEO Marcus Lemonis, aims to aid underserved communities. With over 170 retail locations engaged, Camping World aims to provide relief amidst COVID-19 economic challenges. Additionally, a sponsorship during the Maui Invitational Tournament resulted in a pledge of $489,000 for local communities. The company emphasizes its commitment to supporting affected communities.