Camping World Targeting 50% Increase in Store Count
LINCOLNSHIRE, Ill. – Camping World Holdings Inc. (NYSE: CWH), announced today that its Board of Directors declared a regular cash dividend of $0.625 per share on the company’s Class A Common Stock. Payment is expected to be made on June 29, 2023, to stockholders of record at the close of business on June 14, 2023.
“The management team and the board remain committed to driving long-term growth and maintaining a competitive dividend,” stated Chairman and Chief Executive Officer Marcus Lemonis. “As part of that, we are undergoing a deep dive of the company’s capital allocation strategy to determine what we believe would be the most prudent allocation of our shareholders’ capital. The dealership acquisition landscape remains more robust than I have ever seen, and we believe we can materially grow our business over the next five years, targeting a 50% increase in our store count.”
Future declarations of quarterly dividends are subject to the determination and discretion of Camping World’s Board of Directors based on its consideration of various factors, including the company’s results of operations, financial condition, level of indebtedness, anticipated capital requirements, contractual restrictions, restrictions in its debt agreements, restrictions under applicable law, receipt of excess or surplus of tax distributions received from CWGS Enterprises LLC, its business prospects and other factors that Camping World’s Board of Directors may deem relevant.
About Camping World Holdings Inc.
Camping World Holdings, Inc. headquartered in Lincolnshire, IL, (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. 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 employees 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 enable us to connect with our customers as stewards of the RV enthusiast community and the RV lifestyle. With RV sales and service locations in 42 states, Camping World has grown to become the prime destination for everything RV. For more information, visit www.CampingWorld.com.