Why Camping World Holdings Stock Popped Today
Strength in the recreational vehicle (RV) market continues, with the largest retailer in the U.S. reporting another quarter of growing earnings yesterday. Camping World Holdings (NYSE: CWH) said that net income grew more than 22% in the most recent quarter, and raised its full-year guidance after the strong quarter. Investors reacted favorably today, with Camping World shares jumping 11% as of 1:14 p.m. EDT.
Recent reports from RV manufacturers have confirmed that demand and order backlogs remain strong after spiking during the pandemic. The desire to pursue outdoor activities like camping and boating hasn't wavered even as pandemic-inspired restrictions have given way to more social interactions. Camping World reported revenue growth of 14.2% year over year in addition to its earnings growth, enabling the company to boost its 2021 fiscal full-year guidance.
Source Fool.com
