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Lincolnshire, Illinois, March 6, 2024–(BUSINESS WIRE)–Camping World Holdings (NYSE: CWH) (hereinafter “Camping World”), the world’s largest recreational vehicle dealer, attended and gave a presentation at the 45th Annual Recreational Vehicle Dealership. Ta.th Annual Raymond James Institutional Investor Conference. A live webcast recording of our presentation is available on our investor relations website at https://investor.campingworld.com. The event will be archived and available for playback for at least 7 days.
“We have seen good momentum in retail demand for new units since December and January, with same-store sales of new units increasing by 2.5% compared to the same month last year,” said Marcus Lemonis, Chairman and CEO of Camping World. We ended February with an order of magnitude increase. As previously disclosed, we believe our rigorous and disciplined inventory management strategy is driving momentum in our new vehicle sales business and we believe that our new vehicle sales business will continue to grow for the remainder of the year. We continue to expect gross profit margins for new and used vehicles to improve over time and return to our desired levels.”
About Camping World Holdings Co., Ltd.
Camping World Holdings, Inc. (along with its subsidiaries), headquartered in Lincolnshire, Illinois, is the world’s largest retailer of RV 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 stockholders by combining a unique and comprehensive selection of RV products and services with a national RV dealership network. , service centers, customer support centers, and the industry’s most extensive online presence and team of highly trained and knowledgeable employees to serve you, the RV lifestyle, and the communities in which we operate. doing. We also believe that our Good Sam organization and suite of programs and services uniquely allow us to connect with our customers as stewards of the RV enthusiast community and his RV lifestyle. Camping World has grown to be the leading destination for all his RVs, with sales and service locations in 43 states. For more information, please visit www.CampingWorld.com.
Forward-looking statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 regarding Camping World and other matters. All statements contained in this press release that do not relate to historical facts are deemed forward-looking statements. This includes, but is not limited to, statements regarding trends in new vehicle sales and expectations regarding our ability to increase sales and market share. macroeconomic and industry trends and future financial results, including expected gross margin outlook for 2024; In some cases, forward-looking statements can be identified by terminology such as “may,” “will,” and “should.” “expect,” “plan,” “anticipate,” “could,” “intend,” “aim,” “project,” “contemplate,” “believe,” “estimate,” “ “anticipate,” “may,” “continue,” or the negative of these terms, or other similar expressions. The forward-looking statements contained in this press release are predictions only. We base these forward-looking statements in large part on our current expectations and projections regarding future events and financial trends that we believe may affect our business, financial condition and results of operations. I am. Forward-looking statements involve known and unknown risks and uncertainties and may cause our actual results, performance or achievements to be different from any future results, performance or achievements expressed or implied by the forward-looking statements. There are other important factors that can cause significant differences. These forward-looking statements are based on management’s current expectations. We must carefully consider the risks and uncertainties that affect our business. This includes the risk that trends in new vehicle sales may not continue and gross margins on new vehicle sales may not improve as planned or at all, and the risk that our monthly results may fluctuate. Masu. Preliminary results may not reflect complete quarterly or annual results and are based on the completion of closing and review procedures, the implementation of the Company’s internal control over financial reporting, and other important risks. Subject to change. This is 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, 2023. I am. THESE FACTORS MAY CAUSE ACTUAL RESULTS. The forward-looking statements contained in this press release differ materially. Such forward-looking statements represent management’s expectations as of the date of this press release. We may choose to update such forward-looking statements at some point in the future, even if subsequent events cause our views to change. We are not obligated to do so unless we have the right to do so. These forward-looking statements should not be relied upon as representing our views as of any date subsequent to the date of this press release.
View source version on businesswire.com. https://www.businesswire.com/news/home/20240306173652/ja/
contact address
Brett Andres
InvestorRelations@campingworld.com
Mass media:
PR-CWGS@CampingWorld.com
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