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Monday, September 20, 2021

Camping World Holdings Inc. (CWH) topped analysts’ expectations four consecutive quarters

Camping World Holdings Inc. (NYSE: CWH) has exceeded Wall Street analysts’ forecasts for the past four quarters in a row. The company continues to boost sales because outdoor recreation remains popular and young people are increasingly embracing mobile lifestyles.

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In the second quarter, Camping World Holdings’ revenue grew more than 28% YoY to 2.06 billion. For many investors who have followed the firm for a long time, these results are not surprising considering the rise in demand for caravans and homes for wheels was evident even before the lockdown. For the past period, the adjusted earnings per share of the company increased by almost 55%, to $2.51. Additionally, the company’s EBITDA profit increased by 51 percent to 333.3 million.

By increasing revenues and profits, Camping World Holdings Inc. (CWH) also becomes more attractive to investors. In addition to reducing dilution, the company continued its share buyback program, raising future earnings per share. Camping World Holdings repurchased $45.5 million worth of common stock in the second quarter, which was approximately 1.15 million shares. In expanding the buyback program, management indicates its confidence in the company’s future performance.

Generally, the trend line favors Camping World Holdings Inc. (CWH). The activities related to outdoor recreation continue to be relevant since resort destinations are still subject to restrictions. It is possible that the trend towards mobile homes will continue even after the pandemic. Mobile lifestyles are popular with young people, which is one of the major factors driving growth.

Camping World Holdings Inc. (CWH) increased its forecast amid strong sales. For the full fiscal year 2021, the company projects an adjusted EBITDA of $810 million.

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