Camping World reported $1.92 billion in revenue for the third quarter, an increase of 14.2 percent, or $237.8 million, over the same period a year ago. Net income was $189.3 million, an increase of 22.3 percent, or $34.5 million.
During the quarter the company announced plans to build 20 or more new locations over the next three calendar years, which would be in addition to any strategic acquisitions it will make during that same period.
In August, the company’s board of directors authorized an increase in the company’s stock repurchase program for up to an additional $125 million of its Class A common stock, effective immediately. During Q3, the company repurchased $1.1 million shares of Class A common stock under this program for approximately $41.3 million.
Camping World and its sister brand, Gander RV & Outdoors, have 185 locations in 40 states.
