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CWH Stock Price News: 10.04% Hike

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Camping World Holdings, Inc. (CWH)’s stock price increased by 10.04%(4.42) over the previous closing price of 44.01(May 3) as of May 4, market close. The closing price as of May 5 was 48.83. The opening price was 44.90 and the volume was 4,013,434. 

Camping World Holdings, Inc. (NYSE: CWH)’s stock price as of May 5, 5:40AM EDT, pre-market, stands at 48.38 which is 0.05(-0.10%) less than the closing price of May 4. The price range of May 4 was between 44.12 – 48.50.

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Camping World Holdings, Inc. (NYSE: CWH) (the “Company”), America’s Recreation Dealer, today reported results for the first quarter ended March 31, 2021.

First Quarter Operating Highlights

  • Revenue increased by $530.5 million to $1.558 billion
  • Gross profit increased by $217.8 million to $520.5 million, and gross margin increased by 395 basis points to 33.4%
  • Income from operations increased by $155.3 million to $168.6 million
  • Net income increased by $161.6 million to $147.4 million and included long-lived asset impairment and restructuring costs of $3.6 million related to the 2019 Strategic Shift. Net income margin was 9.5% versus a net loss margin of 1.4% for the first quarter of 2020
  • Diluted earnings per share of Class A common stock and adjusted earnings per share – diluted(1) of Class A common stock were each $1.40
  • Adjusted EBITDA(1) increased by $153.3 million to $189.3 million and adjusted EBITDA margin(1) was 12.2% for the first quarter versus 3.5% for the first quarter of 2020
  • Vehicle inventories decreased by $299.6 million: new vehicle inventories were down $338.7 million and used vehicle inventories were up $39.1 million
  • Products, parts, accessories and other inventories increased by $49.6 million to $284.2 million

Marcus Lemonis, Chairman and CEO of Camping World Holdings, Inc. stated, “As a result of our financial performance during the three months ended March 31, 2021, the continued strength of our business and the confidence in our business model, we are raising our 2021 fiscal year guidance(2) of Adjusted EBITDA of $640 million to $690 million to a revised Adjusted EBITDA of $770 million to $810 million.”

About Camping World Holdings, Inc.

Camping World Holdings, Inc. (together with its subsidiaries) is America’s largest retailer of RVs 

and related products and services. Our vision is to build a long-term legacy business that makes RVing fun and easy, and our Camping World and Good Sam brands have been serving RV consumers since 1966. We strive to build long-term value for our customers, employees, and shareholders 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 programs and services uniquely enables us to connect with our customers as stewards of the RV enthusiast community and the RV lifestyle.

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