Marinemax ( (HZO) ) has released its Q1 earnings. Here is a breakdown of the information Marinemax presented to its investors.
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MarineMax, Inc. is the world’s largest lifestyle retailer of recreational boats, yachts, and superyacht services, operating over 120 locations worldwide. The company recently announced its fiscal 2025 first-quarter earnings, revealing a revenue of $468.5 million amidst a challenging retail environment and disruptions from hurricanes. Despite a decrease in same-store sales by 11% and an 11.2% decline in overall revenue compared to the previous year, MarineMax reported a net income of $18.1 million for the quarter. The company managed to maintain a stable adjusted EBITDA of $26.1 million, aided by a strengthened gross profit margin of 36.2%, which improved by 290 basis points year-over-year. MarineMax continues to focus on cost efficiency and strategic growth in higher-margin business areas to enhance profitability. Looking ahead, MarineMax reaffirms its fiscal 2025 guidance, expecting adjusted net income and EBITDA to remain within previously stated ranges, as the company anticipates improved demand in the upcoming spring selling season.
