Latest news with #MarcusLemonis
Associated Press
29-05-2025
- Automotive
- Associated Press
Camping World Kicks Off the RV Selling Season With 'Camp 5' Memorial Day Weekend Sales Momentum
LINCOLNSHIRE, Ill.--(BUSINESS WIRE)--May 29, 2025-- Camping World Holdings, Inc. (NYSE: CWH) ('Camping World'), the World's Largest Recreational Vehicle Dealer, announced that its new and used combined same store unit sales increased mid-teens percent year-over-year for the Camp 5 selling period starting Thursday, May 22, 2025, and ending Monday, May 26, 2025, compared to the same Thursday through Monday period in 2024. Marcus Lemonis, Chairman and CEO of Camping World, commented, 'Our performance during this year's Camp 5 event puts us on pace to set an all-time volume record for any month in our Company's history.' About Camping World Holdings, Inc. Camping World Holdings, Inc., headquartered in Lincolnshire, IL, (together with its subsidiaries) is the world's largest retailer of RVs and related products and services. Through Camping World and Good Sam brands, our vision is to build a business that makes RVing and other outdoor adventures fun and easy. We strive to build long-term value for our customers, employees, and stockholders by combining a unique and comprehensive assortment of RV products and services with a national network of RV dealerships, service centers and customer support centers along with the industry's most extensive online presence and a highly trained and knowledgeable team of associates serving our customers, the RV lifestyle, and the communities in which we operate. We also believe that our Good Sam organization and family of highly specialized services and plans, including roadside assistance, protection plans and insurance, uniquely enables us to connect with our customers as stewards of an outdoor and recreational lifestyle. With RV sales and service locations in 44 states, Camping World has grown to become the prime destination for everything RV. For more information, visit Cautionary Statement Regarding Forward-Looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 concerning Camping World and other matters. All statements other than statements of historical facts contained in this press release may be forward-looking statements including statements about future financial results, sales volume, and demand for our products. In some cases, you can identify forward-looking statements by terms such as ''may,'' ''will,'' ''should,'' ''expects,'' ''plans,'' ''anticipates,'' ''could,'' ''intends,'' ''targets,'' ''projects,'' ''contemplates,'' ''believes,'' ''estimates,'' ''predicts,'' ''potential'' or ''continue'' or the negative of these terms or other similar expressions. The forward-looking statements in this press release are only predictions. We have based these forward-looking statements largely on our current expectations and projections about future events and financial trends that we believe may affect our business, financial condition, and results of operations. Forward-looking statements involve known and unknown risks, uncertainties and other important factors that may cause our actual results, performance, or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. You should carefully consider the risks and uncertainties that affect our business, including risks described in our filings with the Securities and Exchange Commission ('SEC'), including under the caption 'Risk Factors' in our Annual Report on Form 10-K filed for the year ended December 31, 2024 as updated by our Quarterly Reports on Form 10-Q and our other reports filed with the SEC. These forward-looking statements speak only as of the date of this communication. Except as required by applicable law, we do not plan to publicly update or revise any forward-looking statements, whether as a result of any new information, future events or otherwise. You are advised, however, to consult any further disclosures we make on related subjects in our public announcements and filings with the SEC. View source version on CONTACT: Brett Andress [email protected] Outlets: [email protected] KEYWORD: ILLINOIS UNITED STATES NORTH AMERICA INDUSTRY KEYWORD: RETAIL AUTOMOTIVE RECREATIONAL VEHICLES TRANSPORTATION SPECIALTY TRAVEL SOURCE: Camping World Copyright Business Wire 2025. PUB: 05/29/2025 07:30 AM/DISC: 05/29/2025 07:31 AM
Yahoo
29-05-2025
- Business
- Yahoo
Camping World Kicks Off the RV Selling Season With "Camp 5" Memorial Day Weekend Sales Momentum
LINCOLNSHIRE, Ill., May 29, 2025--(BUSINESS WIRE)--Camping World Holdings, Inc. (NYSE: CWH) ("Camping World"), the World's Largest Recreational Vehicle Dealer, announced that its new and used combined same store unit sales increased mid-teens percent year-over-year for the Camp 5 selling period starting Thursday, May 22, 2025, and ending Monday, May 26, 2025, compared to the same Thursday through Monday period in 2024. Marcus Lemonis, Chairman and CEO of Camping World, commented, "Our performance during this year's Camp 5 event puts us on pace to set an all-time volume record for any month in our Company's history." About Camping World Holdings, Inc. Camping World Holdings, Inc., headquartered in Lincolnshire, IL, (together with its subsidiaries) is the world's largest retailer of RVs and related products and services. Through Camping World and Good Sam brands, our vision is to build a business that makes RVing and other outdoor adventures fun and easy. We strive to build long-term value for our customers, employees, and stockholders by combining a unique and comprehensive assortment of RV products and services with a national network of RV dealerships, service centers and customer support centers along with the industry's most extensive online presence and a highly trained and knowledgeable team of associates serving our customers, the RV lifestyle, and the communities in which we operate. We also believe that our Good Sam organization and family of highly specialized services and plans, including roadside assistance, protection plans and insurance, uniquely enables us to connect with our customers as stewards of an outdoor and recreational lifestyle. With RV sales and service locations in 44 states, Camping World has grown to become the prime destination for everything RV. For more information, visit Cautionary Statement Regarding Forward-Looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 concerning Camping World and other matters. All statements other than statements of historical facts contained in this press release may be forward-looking statements including statements about future financial results, sales volume, and demand for our products. In some cases, you can identify forward-looking statements by terms such as ''may,'' ''will,'' ''should,'' ''expects,'' ''plans,'' ''anticipates,'' ''could,'' ''intends,'' ''targets,'' ''projects,'' ''contemplates,'' ''believes,'' ''estimates,'' ''predicts,'' ''potential'' or ''continue'' or the negative of these terms or other similar expressions. The forward-looking statements in this press release are only predictions. We have based these forward-looking statements largely on our current expectations and projections about future events and financial trends that we believe may affect our business, financial condition, and results of operations. Forward-looking statements involve known and unknown risks, uncertainties and other important factors that may cause our actual results, performance, or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. You should carefully consider the risks and uncertainties that affect our business, including risks described in our filings with the Securities and Exchange Commission ("SEC"), including under the caption "Risk Factors" in our Annual Report on Form 10-K filed for the year ended December 31, 2024 as updated by our Quarterly Reports on Form 10-Q and our other reports filed with the SEC. These forward-looking statements speak only as of the date of this communication. Except as required by applicable law, we do not plan to publicly update or revise any forward-looking statements, whether as a result of any new information, future events or otherwise. You are advised, however, to consult any further disclosures we make on related subjects in our public announcements and filings with the SEC. View source version on Contacts Brett AndressInvestorRelations@ Media Outlets: PR-CWGS@
Business Wire
29-05-2025
- Business
- Business Wire
Camping World Kicks Off the RV Selling Season With 'Camp 5' Memorial Day Weekend Sales Momentum
LINCOLNSHIRE, Ill.--(BUSINESS WIRE)--Camping World Holdings, Inc. (NYSE: CWH) ('Camping World'), the World's Largest Recreational Vehicle Dealer, announced that its new and used combined same store unit sales increased mid-teens percent year-over-year for the Camp 5 selling period starting Thursday, May 22, 2025, and ending Monday, May 26, 2025, compared to the same Thursday through Monday period in 2024. Marcus Lemonis, Chairman and CEO of Camping World, commented, 'Our performance during this year's Camp 5 event puts us on pace to set an all-time volume record for any month in our Company's history.' About Camping World Holdings, Inc. Camping World Holdings, Inc., headquartered in Lincolnshire, IL, (together with its subsidiaries) is the world's largest retailer of RVs and related products and services. Through Camping World and Good Sam brands, our vision is to build a business that makes RVing and other outdoor adventures fun and easy. We strive to build long-term value for our customers, employees, and stockholders by combining a unique and comprehensive assortment of RV products and services with a national network of RV dealerships, service centers and customer support centers along with the industry's most extensive online presence and a highly trained and knowledgeable team of associates serving our customers, the RV lifestyle, and the communities in which we operate. We also believe that our Good Sam organization and family of highly specialized services and plans, including roadside assistance, protection plans and insurance, uniquely enables us to connect with our customers as stewards of an outdoor and recreational lifestyle. With RV sales and service locations in 44 states, Camping World has grown to become the prime destination for everything RV. For more information, visit Cautionary Statement Regarding Forward-Looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 concerning Camping World and other matters. All statements other than statements of historical facts contained in this press release may be forward-looking statements including statements about future financial results, sales volume, and demand for our products. In some cases, you can identify forward-looking statements by terms such as ''may,'' ''will,'' ''should,'' ''expects,'' ''plans,'' ''anticipates,'' ''could,'' ''intends,'' ''targets,'' ''projects,'' ''contemplates,'' ''believes,'' ''estimates,'' ''predicts,'' ''potential'' or ''continue'' or the negative of these terms or other similar expressions. The forward-looking statements in this press release are only predictions. We have based these forward-looking statements largely on our current expectations and projections about future events and financial trends that we believe may affect our business, financial condition, and results of operations. Forward-looking statements involve known and unknown risks, uncertainties and other important factors that may cause our actual results, performance, or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. You should carefully consider the risks and uncertainties that affect our business, including risks described in our filings with the Securities and Exchange Commission ('SEC'), including under the caption 'Risk Factors' in our Annual Report on Form 10-K filed for the year ended December 31, 2024 as updated by our Quarterly Reports on Form 10-Q and our other reports filed with the SEC. These forward-looking statements speak only as of the date of this communication. Except as required by applicable law, we do not plan to publicly update or revise any forward-looking statements, whether as a result of any new information, future events or otherwise. You are advised, however, to consult any further disclosures we make on related subjects in our public announcements and filings with the SEC.
Yahoo
19-05-2025
- Business
- Yahoo
Camping World Appoints Brent Moody as Vice Chairman
LINCOLNSHIRE, Ill., May 19, 2025--(BUSINESS WIRE)--Camping World Holdings, Inc. (NYSE: CWH) ("Camping World"), the World's Largest Recreational Vehicle Dealer, announced that the Board of Directors (the "Board") has appointed Brent Moody as Vice Chairman, effective May 15, 2025. As Vice Chairman, Mr. Moody will work closely with the executive team and the Board to support long-term value creation. Marcus Lemonis, Chairman and CEO of Camping World remarked, "Brent has been by my side for over 20 years and has played a critical role in helping to define the future and strategic vision of our organization. I am grateful to have him serve as the Vice Chairman and look forward to his continued contributions to the business, as well as his mentorship and advisory to our next generation of leaders." About Camping World Holdings, Inc. Camping World Holdings, Inc., headquartered in Lincolnshire, IL, (together with its subsidiaries) is the world's largest retailer of RVs and related products and services. Through Camping World and Good Sam brands, our vision is to build a business that makes RVing and other outdoor adventures fun and easy. We strive to build long-term value for our customers, employees, and stockholders by combining a unique and comprehensive assortment of RV products and services with a national network of RV dealerships, service centers and customer support centers along with the industry's most extensive online presence and a highly trained and knowledgeable team of associates serving our customers, the RV lifestyle, and the communities in which we operate. We also believe that our Good Sam organization and family of highly specialized services and plans, including roadside assistance, protection plans and insurance, uniquely enables us to connect with our customers as stewards of an outdoor and recreational lifestyle. With RV sales and service locations in 44 states, Camping World has grown to become the prime destination for everything RV. For more information, visit Cautionary Statement Regarding Forward-Looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 concerning Camping World and other matters. All statements other than statements of historical facts contained in this press release may be forward-looking statements including statements about business plans and future growth. In some cases, you can identify forward-looking statements by terms such as ''may,'' ''will,'' ''should,'' ''expects,'' ''plans,'' ''anticipates,'' ''could,'' ''intends,'' ''targets,'' ''projects,'' ''contemplates,'' ''believes,'' ''estimates,'' ''predicts,'' ''potential'' or ''continue'' or the negative of these terms or other similar expressions. The forward-looking statements in this press release are only predictions. We have based these forward-looking statements largely on our current expectations and projections about future events and financial trends that we believe may affect our business, financial condition, and results of operations. Forward-looking statements involve known and unknown risks, uncertainties and other important factors that may cause our actual results, performance, or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. You should carefully consider the risks and uncertainties that affect our business, including risks described in our filings with the Securities and Exchange Commission ("SEC"), including under the caption "Risk Factors" in our Annual Report on Form 10-K filed for the year ended December 31, 2024 as updated by our Quarterly Reports on Form 10-Q and our other reports filed with the SEC. These forward-looking statements speak only as of the date of this communication. Except as required by applicable law, we do not plan to publicly update or revise any forward-looking statements, whether as a result of any new information, future events or otherwise. You are advised, however, to consult any further disclosures we make on related subjects in our public announcements and filings with the SEC. View source version on Contacts Brett AndressInvestorRelations@ Media Outlets: PR-CWGS@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
13-05-2025
- Business
- Yahoo
CWH Q1 Earnings Call: Management Focuses on Cost Actions and Used RV Momentum Amid Revenue Miss
Recreational vehicle (RV) and boat retailer Camping World (NYSE:CWH) fell short of the market's revenue expectations in Q1 CY2025 as sales rose 3.6% year on year to $1.41 billion. Its non-GAAP loss of $0.15 per share was 26.5% above analysts' consensus estimates. Is now the time to buy CWH? Find out in our full research report (it's free). Revenue: $1.41 billion vs analyst estimates of $1.43 billion (3.6% year-on-year growth, 1% miss) Adjusted EPS: -$0.15 vs analyst estimates of -$0.20 (26.5% beat) Adjusted EBITDA: $49.45 million vs analyst estimates of $28.03 million (3.5% margin, 76.4% beat) Operating Margin: 1.5%, up from 0.3% in the same quarter last year Free Cash Flow was -$256 million compared to -$93.91 million in the same quarter last year Locations: 209 at quarter end, down from 215 in the same quarter last year Market Capitalization: $1.03 billion Camping World's Q1 results reflected ongoing shifts in product mix and cost discipline as management aimed to balance volume growth and profitability. CEO Marcus Lemonis cited a 30% increase in used unit sales and emphasized targeted cost reductions, including headcount and dealership consolidations, to deliver improved operating margins. Leadership highlighted that these actions, initiated early in the year, are designed to offset continuing pressure on average selling prices (ASPs) and to capitalize on growth in the used RV segment, which outpaced expectations. Looking forward, Camping World's management expressed confidence in sustaining market share gains and improving cost efficiency, while remaining attentive to wider consumer trends and potential headwinds from tariffs and financing conditions. Lemonis stated, 'We remain confident in the guideposts we've laid out to deliver growth in excess of low double-digits in used units, low single-digits in new, vehicle gross margins within our historical range and SG&A as a percentage of gross profit improving 600 to 700 basis points.' The company remains focused on optimizing its business mix and cost structure to navigate an uncertain consumer environment. Camping World's leadership attributed Q1 performance to a combination of operational adjustments, inventory strategy, and evolving consumer behavior in the recreational vehicle (RV) sector. The following points highlight the key themes and tactical changes underpinning recent results: Used RV sales momentum: Management reported significant gains in used unit sales, supported by improved procurement and inventory velocity, which helped offset softness in new unit ASPs. They described record levels of used inventory procurement in March and April, fueling same-store sales gains. Cost reduction measures: The company took decisive steps to lower selling, general, and administrative (SG&A) expenses by approximately $35 million on an annualized basis, including workforce reductions and location consolidations. These actions aim to preserve margins amid ASP variability and are expected to show greater impact in the second half of the year. Market share expansion: Camping World achieved a combined new and used unit market share over 14% through February, exceeding prior targets. This was achieved through a focus on affordability and product offerings across a broad range of price points, as well as digital marketing initiatives. Minimal tariff impact expected: Management reiterated that direct tariff effects on the RV business are expected to be limited, as most RVs sold are domestically produced. Any increase in new unit prices is anticipated to benefit the used business by raising the value of existing inventory. Financing and affordability trends: Executives noted that credit availability and consumer affordability remain critical drivers, with average credit scores for buyers above 700 and lenders showing stable to slightly improved terms. The company continues to address affordability by offering a wide range of monthly payment options to suit diverse consumer budgets. Camping World's management is prioritizing margin improvement, used vehicle growth, and operational discipline to support future performance, while remaining attentive to evolving industry dynamics and consumer demand. SG&A cost control: Management expects further improvement in operating margins as ongoing cost reduction initiatives—including headcount reductions and dealership consolidation—take full effect throughout the year. Used vehicle growth focus: The company aims for double-digit growth in used unit sales, leveraging procurement capabilities and flexible sourcing to capitalize on increased consumer interest in pre-owned RVs. Industry pricing and tariffs: While direct tariff exposure is limited, anticipated price increases for model year 2026 RVs could impact the mix between new and used sales. Management believes contract manufacturing and product mix flexibility will help mitigate any demand shifts. Joseph Altobello (Raymond James): Asked about the drivers behind ASP softness and the level of OEM (original equipment manufacturer) promotional support. Management emphasized the impact of increased entry-level unit sales and stated new unit margins remained within historical ranges without heavy promotions. Sean Wagner (Citigroup): Inquired about potential tariff impacts and the durability of the balance sheet if macro conditions deteriorate. Executives stated they see limited direct tariff risk and highlighted available liquidity, asset sales, and ongoing deleveraging as key financial safeguards. Alex Perry (Bank of America): Questioned why Camping World's results diverged from softening consumer trends and how the company sustains used sales momentum. Management cited the installed base of RV users and tailored affordability options as differentiators. Michael Swartz (Truist Securities): Asked for details on the cadence and reinvestment of recent cost reduction actions. Management explained that most reductions are completed, with expected full benefit in the coming quarters, and signaled readiness for further cuts if necessary. Scott Stember (ROTH MKM): Sought clarity on the lending environment and customer demand in the parts and service segment. Management reported stable to improving retail lending conditions and increasing customer activity in service and campgrounds, especially as domestic travel remains popular. In the next few quarters, our analysts will be monitoring (1) the sustained momentum in used RV sales and whether new inventory procurement continues at record levels, (2) the effectiveness of SG&A reductions and dealership consolidation on margin improvement, and (3) potential shifts in consumer financing and affordability trends as broader economic conditions evolve. Execution on optimizing the business mix and managing tariff-related pricing changes will also be important markers of strategic progress. Camping World currently trades at a forward P/E ratio of 17.2×. In the wake of earnings, is it a buy or sell? Find out in our free research report. The market surged in 2024 and reached record highs after Donald Trump's presidential victory in November, but questions about new economic policies are adding much uncertainty for 2025. While the crowd speculates what might happen next, we're homing in on the companies that can succeed regardless of the political or macroeconomic environment. Put yourself in the driver's seat and build a durable portfolio by checking out our Top 5 Growth Stocks for this month. This is a curated list of our High Quality stocks that have generated a market-beating return of 176% over the last five years. Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-small-cap company Exlservice (+354% five-year return). 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