Camping World Holdings, Inc. Files Form 12b-25

LINCOLNSHIRE, IL–(BUSINESS WIRE)–Camping World Holdings, Inc. (NYSE:CWH) (the “Company,”) today announced
that has filed a Form 12b-25 with the U.S. Securities and Exchange
Commission providing the Company a 15-day extension to file its Annual
Report on Form 10-K for the year ended December 31, 2018 (the “Form
10-K”). The Company expects to file its Form 10-K promptly and to
schedule a conference call to discuss 2018 results in conjunction with
the filing.

During its year-end 2018 financial statement review process, the Company
identified the necessity to adjust the manner in which reserves related
to the cancelation provisions of certain finance and insurance related
offerings are calculated. The Company is evaluating the materiality of
this adjustment both qualitatively and quantitatively in accordance with
Staff Accounting Bulletin (“SAB”) No. 99, Materiality, and SAB No. 108
and expects the determination of the effect of the adjustments to the
previously issued financial statements as of and for the years ended
December 31, 2017 and 2016 to be immaterial, and the Company expects to
make immaterial adjustments to the previous period financial statements
in its Form 10-K to reflect the correction of these calculations. Given
the additional time required to fully complete the Company’s assessment
of the matter, the Company is unable to file its Form 10-K within the
prescribed time period without unreasonable effort or expense.

In addition, the Company expects to disclose in its Form 10-K that, as
part of its evaluation of its internal controls over financial reporting
as required by Section 404 of the Sarbanes-Oxley Act of 2002, the
Company identified a material weakness in its internal control that
existed as of December 31, 2018, specifically related to the sufficiency
of available technical resources at the Company.

The Company plans to release fourth quarter and full year 2018 earnings
results and file its Form 10-K promptly within the extension period of
15 calendar days as provided under Rule 12b-25 under the Securities
Exchange Act of 1934, as amended. The Company will make a further
announcement in a subsequent press release to schedule the date and time
of the earnings conference call.

About Camping World Holdings, Inc.

Camping World Holdings, headquartered in Lincolnshire, Illinois, is the
leading outdoor and camping retailer, offering an extensive assortment
of recreational vehicles for sale, RV and camping gear, RV maintenance
and repair, other outdoor and active sports products, and the industry’s
broadest and deepest range of services, protection plans, products and
resources. Since the Company’s founding in 1966, Camping World has grown
to become one of the most well-known destinations for everything RV,
with more than 225 locations in 36 states and a comprehensive e-commerce
platform.

For more information, please visit www.CampingWorld.com.

Forward Looking Statements

This press release filing contains forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995. All
statements contained in this press release that do not relate to matters
of historical fact should be considered forward-looking statements,
including, without limitation, statements regarding our expected
material weakness in internal control over financial reporting, the
impact of the material weakness on our previously issued consolidated
financial statements, any determination regarding the materiality of
certain adjustments to the Company’s financial statements, and the
Company’s expectations that it will file the Form 10-K within the time
period prescribed by Rule 12b-25. These forward-looking statements are
based on management’s current expectations.

These statements are neither promises nor guarantees, but involve known
and unknown risks, uncertainties and other important factors that may
cause our actual results, performance or achievements to be materially
different from any future results, performance or achievements expressed
or implied by the forward-looking statements, including, but not limited
to, the following: that the Company is not able to complete its Form
10-K in the time period that it currently expects, the risk that certain
adjustments to the Company’s financial statements are deemed material,
and the risk that the Company makes additional adjustments to its
consolidated financial statements or discovers additional material
weaknesses. These and other important factors discussed under the
caption “Risk Factors” in our Annual Report on Form 10-K for the year
ended December 31, 2017, and our other reports filed with the Securities
and Exchange Commission could cause actual results to differ materially
from those indicated by the forward-looking statements made in this
press release. Any such forward-looking statements represent
management’s estimates as of the date of this press release. While we
may elect to update such forward-looking statements at some point in the
future, we disclaim any obligation to do so, even if subsequent events
cause our views to change, except as required under applicable law.
These forward-looking statements should not be relied upon as
representing our views as of any date subsequent to the date of this
press release.

Contacts

Investors:
John Rouleau
[email protected]

Media Outlets:
Karen Porter
[email protected]

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