In case you missed it, Camping World's IPO
They went "public" last week
Forum Discussion
Highlights for all the Marcus haters who keep insisting that Marcus doesn't know what he's doing;
In the 11 years that Lemonis has served as CEO and chairman, the company has grown from 29 stores and $100 million in revenue to 120 stores and $3.3 billion annually. Its 2015 revenue spiked 25 percent from 2014, according to its filing. Its 2015 profit increased 43 percent, to $178.5 million. The company's gross profit margin—a measure of its efficiency—varies between business units but has remained steady over the past several years. Camping World's retail segment posted a 26 percent profit margin in 2015, while its consumer services group's margin was 53.2 percent.
While I do not agree with everything about their business model or trust their competency level in some matters there is no arguing that the business is currently very successful under his direction.
In the 11 years that Lemonis has served as CEO and chairman, the company has grown from 29 stores and $100 million in revenue to 120 stores and $3.3 billion annually. Its 2015 revenue spiked 25 percent from 2014, according to its filing. Its 2015 profit increased 43 percent, to $178.5 million. The company's gross profit margin—a measure of its efficiency—varies between business units but has remained steady over the past several years. Camping World's retail segment posted a 26 percent profit margin in 2015, while its consumer services group's margin was 53.2 percent.
While I do not agree with everything about their business model or trust their competency level in some matters there is no arguing that the business is currently very successful under his direction.
