In announcing a cash dividend to be paid to shareholders following the company’s recent earnings report, Camping World Holdings said that its board of directors and staff remain committed to driving long-term growth and maintaining a competitive dividend.
“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,” said CEO and Chairman Marcus Lemonis. “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.”
The company has already acquired or opened about 10 dealerships so far in 2023, its most recent being its 191st, which is in Branson, Missouri.