Good Sam Enterprises LLC announced that it intends to file on May 14 its first-quarter report, ended March 31. The report will be available on the SEC’s website at www.sec.gov.
The company has scheduled a conference call to discuss its first quarter 2013 financial results at 8 a.m. PT on May 16. Marcus Lemonis, president and CEO, and CFO Thomas Wolfe will host the conference call.
Those wishing to listen to the conference call by telephone may dial (866) 283-8243 in the U.S. and Canada. Please allow time for the operator to obtain your name, phone number and company name. Good Sam intends to make a replay of the conference call available beginning four hours after the end of the live call through May 26. The replay may be accessed by dialing (888) 266-2081 in the U.S. and Canada. The conference code is 1613485.
Building on its commitment to provide maximum value and savings to its members, Good Sam, the world’s leading provider of products and services for the RV and outdoor recreation consumer, today (April 15) announced it will launch a new auto buying program to provide their more than 1 million members with pre-arranged savings on the purchase of autos, as well as on boats, ATVs and other powersports vehicles.
With Good Sam Club members able to save thousands on purchases, the auto buying service is already attracting attention, even though it launches in July, according to a news release.
“Our focus is simply for our Good Sam members to have a great, seamless buying experience,” said Marcus Lemonis, chairman and CEO of Good Sam and Camping World. “With the Good Sam Auto Buying Service our members will receive value and top-notch service on their purchase of a vehicle that would complement their RV lifestyle whether it is a new car, truck, van, sport utility, motorcycle, boat or ATV.”
Featuring up-front, hassle-free, pre-arranged pricing on many makes and models of autos, boats, and powersport vehicles, the Good Sam Auto Buying Service is unmatched in the industry. “No other camping or outdoor organization offers anything close,” said Lemonis, “We continue to provide Good Sam Members with serious savings — while they RV and throughout all aspects of their life. We will be adding more and more savings programs for our members.”
Building on relationships with more than 2,000 dealerships representing leading brands from Ford to Jeep, Toyota to Mercedes and many more, the Good Sam Auto Buying Service will offer members the ability to configure the exact vehicle they are interested in and to enjoy pre-arranged, discounted prices — with no negotiations needed. All prices are guaranteed and club members will work directly with dedicated, specially trained, dealer staff to complete their vehicle purchases. The program provides more than just lower prices and hassle free buying experiences, it includes the best customer service, all backed by Good Sam.
“The Good Sam Club is built upon helping people, and helping people save money is something we take seriously,” said Lemonis. “Members already save millions of dollars every year at campgrounds, at Camping World and at Pilot Flying J. Now, they will save even more at car, boat and powersports dealerships across the country. Our Auto Buying Service lets members focus on the excitement of their vehicle purchases, while saving thousands of dollars. We have pledged to bring maximum value to our members and we are delivering on that promise, again.”
With the service set to launch on July 1, Good Sam has already received such a high level of interest that they are offering Club members the ability to sign up on www.goodsamclub.com/autobuying to be notified as soon as the program is ready.
The Good Sam Buying Service will also help members choose the specific vehicle that is best for them. With side-by-side comparisons and thousands of pages of descriptions, photos and specifications, the Service provides a one-stop location to manage the entire vehicle research and purchase experience — all with pre-arranged discounted pricing.
About Good Sam Enterprises LLC
Good Sam Enterprises LLC and its wholly owned subsidiaries is the world’s largest provider of products and services that enhance the RV and outdoor recreation consumer experience. Our products provide savings, safety, security, comfort, and convenience, making RV ownership and the outdoor lifestyle more enjoyable. GSE corporate headquarters are located in Lincolnshire, Ill., with subsidiary operations and divisions located in multiple locations throughout the United States.
Attempts by Good Sam Enterprises LLC to redeem their high-yielding notes have been turned back by investors who opted to keep them.
Woodall’s Campground Management reported that on March 12, the company offered to purchase up to $4.95 million in principal amount of its outstanding 11.50% senior secured notes due 2016. The offer to purchase was made by the company as an excess cash flow offer pursuant to the indenture dated as of Nov. 30, 2010, pursuant to which the notes were issued.
The offer to purchase expired on Wednesday (April 10). No holder elected to have its notes purchased prior to the expiration date, Good Sam announced in an 8-K filing with the Securities and Exchange Commission (SEC).
This is the second time in the past year that Good Sam has attempted to redeem a portion of the high-cost debt.
On July 31, 2012, the company completed an excess cash flow offer to purchase up to $4.95 million in principal amount of its senior secured notes but only $4,000 were tendered and were retired on Aug. 7, 2012.
On Nov. 30, 2010, the company issued $333 million of 11.5% senior secured notes due 2016. Interest on the notes is due each Dec. 1 and June 1. As of Dec. 31, 2012, an aggregate of $325.6 million of the notes remained outstanding.
Camping World Inc. (CWI) and Good Sam Enterprises LLC today (March 13) announced the signing of an agreement to acquire Nationwide RV, an existing RV dealership in Grain Valley, Mo., in the next 30 to 60 days.
According to a news release, plans are for the location to undergo expansion including adding additional service bays, a new Camping World retail store and a state-of-the-art collision center.
“The acquisition of the Kansas City location is a perfect strategic fit for us in terms of the location being contiguous to our existing business as well as allowing for expansion and broadening our market share throughout Missouri as well as nearby Kansas and Iowa,” said Marcus Lemonis, chairman and CEO of Camping World and Good Sam. “I always look for three things – people, process and product – in relation to enhancing our Camping World and Good Sam presence. Our focus is to increase our representation to existing and prospective RV owners and expand our service and product offering.”
Camping World of Kansas City represents the third location in Missouri for the national chain. The company has a supercenter in the Springfield market and recently announced the opening of a new location in Columbia in May.
Offering easy access off of Interstate 70, Camping World of Kansas City will carry a wide array of RV sales, service, collision, parts and accessories for the outdoor enthusiast while showcasing motorhomes and towables from the industry’s leading manufacturers. On the accessory side, the new location will feature new and innovative products including interactive displays and customer experiences from the top vendors.
Camping World said it expects the new supercenter to be one of its best and is pleased to have the current employees at the Nationwide RV location join the Camping World staff. The location will also be adding additional positions for seasoned and professional RV sales associates, technicians and retail support.
The company is also set to soon announce acquisition of additional RV dealerships across the country. Camping World said its goal is to add more quality manufacturers and brands, increase their presence in the market and grow the work force.
Good Sam Enterprises LLC announced it will file its annual report for the year, ended Dec. 31, on March 15. According to a press release, the report will be available on the SEC’s website at http://www.sec.gov.
The company has scheduled a conference call to discuss its 2012 financial results at 8 a.m. (Pacific Time) on March 19. Marcus Lemonis, president and CEO, and CFO Thomas Wolfe will host the conference call. Those wishing to listen to the conference call by telephone may dial (866) 283-8243 in the U.S. and Canada.
Good Sam intends to make a replay of the conference call available beginning four hours after the end of the live call. The replay may be accessed by dialing (888) 266-2081 in the U.S. and Canada. The conference code is 1608269.
Camping World Inc. and Good Sam Enterprises LLC today (March 4) announced plans to open a new facility in the Fresno, Calif., market in the first quarter of 2014.
According to a press release, the location will be officially named Camping World of Fresno and offer a wide array of RV sales, service and accessories for the outdoor enthusiast.
Camping World of Fresno will be located off State Route 99 in a renovated facility. The new supercenter will join almost 100 other Camping World locations across the U.S. with 11 already established in the state of California.
“California is an ideal setting for the RV enthusiast with close proximity to great camping and wonderful adventures,” said Roger Nuttall, president of Camping World RV Sales. “We continue to work on identifying locations where we can best serve the needs of the RV community and Central California is a great fit.”
“With the recent success and rebound we have experienced in our California markets, most recently with the Redding opening, we feel the addition of a supercenter in Fresno confirms our love of this area,” said Marcus Lemonis, Camping World chairman and CEO. “With the close proximity to the Sierras as well as the national state parks, the San Joaquin Valley area really fits in our plans.”
Camping World will be opening positions for seasoned and professional RV sales associates, technicians and retail support to assist at this new location. Camping World said its goal is to increase their presence in the Fresno market, provide exceptional service to customers and grow the workforce.
Camping World is the nation’s largest RV and outdoor retailer and Good Sam represents the world’s largest RV owners organization.
Good Sam Enterprises LLC announced that it has extended its long-term business agreement with Allstate Roadside Services into 2019.
According to a press release, Good Sam Roadside Assistance has contracted with Allstate Roadside Services to provide customers with “multi-layered roadside assistance protection by keeping RVs and household vehicles protected in the case of roadside breakdowns.”
Commenting on the business agreement signed with Allstate Roadside Services, Marcus Lemonis, chairman and CEO of Camping World Inc. and Good Sam, noted, “I am very pleased with our expanding relationship with Allstate Roadside Services, which will provide customers with the most comprehensive roadside service in the marketplace. Our main focus will always be exceeding our customers’ expectations and only providing service we can confidently stand behind.”
Lemonis said that over the past year, Good Sam Roadside Assistance has improved and expanded its customer service ratings by lowering wait times, providing continued education and training of their dispatch agents and expanding its relationship with a network of 30,000 tow and service providers. Good Sam Roadside also maximized the quality parts and service of their 100-location network of Camping World accessory and service centers across the U.S. to assist their customers with preventative maintenance tips and services.
“Allstate approached us regarding an extension and after receiving positive customer feedback and an increased approval rating, it made sense to extend our relationship,” Lemonis said of the collaboration that was first established in January 2011.
Benefits of the Good Sam Roadside Assistance program include 24/7 toll-free dispatch, unlimited distance towing and dispatch of a mobile mechanic, along with roadside services such as battery jump-starts, flat tire service and fuel and fluid delivery. Good Sam Roadside Assistance also utilizes Caller Locator Technology to pinpoint a member’s exact location when they break down.
Vehicles covered include one RV and any household cars, minivans, SUVs, pick-ups trucks, motorcycles and boat trailers. Good Sam Roadside Assistance members can also visit any Camping World SuperCenter for free 22-point unlimited RV inspections.
Good Sam Enterprises LLC announced that it intends to file on Nov. 14, 2012 its third-quarter financials report for the period ended Sept. The report will be available on the SEC’s website at www.sec.gov.
The company has scheduled a conference call to discuss its third quarter results at 11 a.m. Eastern on Nov. 15. Marcus Lemonis, president and CEO, and CFO Thomas Wolfe will host the conference call.
Those wishing to listen to the conference call by telephone may dial (866) 283-8243 in the U.S. and Canada. Please allow time for the operator to obtain your name, phone number and company name.
Marcus Lemonis, chairman and CEO of Good Sam Enterprises LLC and Camping World Inc., will be among the presenters participating at the Deutsche Bank 20th Annual Leveraged Finance Conference, slated for Oct. 9–11 at The Phoenician in Scottsdale, Ariz.
According to a press release, the agenda for the conference has been designed to provide a balance of informative keynote sessions, interactive panel discussions and one-on-one meetings to address the key themes facing businesses around the world.
Lemonis will deliver his presentation on Oct. 10 at 8:10 a.m. Keynote speakers will include former presidents Bill Clinton and George W. Bush.
As sales of RVs continue to move upward in 2012, so does the performance at Good Sam Enterprises LLC, a key industry player and parent to Camping World Inc.
During an investors’ conference call today (Aug. 15), Good Sam president and CEO Marcus Lemonis expanded upon the company’s second-quarter performance, which saw revenues of $146.3 million, a 13.4% increase over the second quarter of 2011, and net income of $7.2 million, an increase of 38.3% over the previous year.
It was the company’s highest quarter in terms of revenue since 2008.
Lemonis termed the results “impressive” and provided more data to reflect the company’s growth:
• Terming it “exceptional growth,” Lemonis said retail revenues in the quarter grew 19.7% with same-store retail sales at the company’s Camping World stores up 9.6% in the quarter.
• The company opened 13 new stores in the last 18 months, including one in Spokane, Wash., last week and will be opening two new stores in the next 60 days. New-store sales in some cases are exceeding expectations, he noted.
• Two stores were closed in the last 18 months in order to consolidate operations within specific geographic areas, and a third store, in Junction City, Ore., will be closed soon.
• Good Sam Club membership now totals 1,260,000.
• Revenue from the company’s emergency roadside assistance program was up 7.3% and memberships now total 384,000, up 10% from a year ago.
• The RV financing loan program has shown “solid growth” with loan volume increasing 21% year-to-date.
• More than 8,000 people attended the company’s Good Sam Rally in Louisville, Ky., in June with retail sales at the event strong.
• Revenue from Camping World stores via the Internet are up 82% for the first six months of 2012, based on an average purchase of $4 more than a year ago. Profitability from mail order and Internet sales would have been higher but were driven down by rising shipping costs.
• Growth in the company’s extended warranty program grew slightly, with signups now standing at 49,800.