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Lazydays Holdings, Inc. (GORV)
:GORV
Earnings Data
Report Date
May 08, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
―Last Year’s EPS
-1.09Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 31, 2025
|% Change Since: -48.94%
|Next Earnings Date:May 08, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted significant strategic moves to strengthen the company's financial position and streamline operations. However, these positive developments were overshadowed by declining sales, increased expenses, and a substantial adjusted EBITDA loss, indicating ongoing challenges in the market.Company Guidance
During the Lazydays RV Holdings fourth quarter and fiscal 2024 earnings call, significant guidance was provided on the company's strategic initiatives and financial performance. The call highlighted a comprehensive recapitalization, including a $30 million common equity pipe and the sale of eight dealerships, generating $73.5 million, with $10 million retained as a non-refundable deposit. The company focused on reducing debt, and improving its balance sheet, resulting in a reduced floor plan debt by $11 million, and a $6 million decrease in term loan debt. Operationally, the company experienced a decline in new and used unit sales by 7% and 23%, respectively, but managed to improve gross profit per unit sold. Gross margin, excluding LIFO adjustments, was 23%, up from 21% in the previous quarter. Finance and insurance (F&I) revenue per unit increased by 3% to over $6,000, and finance penetration remained strong at approximately 73%. The inventory strategy shifted towards more affordable towable products, comprising over 77% of new inventory. The company launched a consignment program, with 76% of customer-acquired units on consignment. Despite a challenging economic environment, Lazydays remains optimistic about future RV demand and is focused on enhancing operational performance across dealerships to drive long-term shareholder value.Recapitalization and Financial Restructuring
Completed a comprehensive recapitalization that included a $30 million common equity pipe, exchange of convertible preferred stock for common, and an amendment of the credit facility, enhancing the capital structure and reducing debt.
Strategic Divestitures
Sold one dealership asset for $8 million and agreed to sell seven additional dealerships to Camping World for $65.5 million, retaining a $10 million deposit from Camping World.
Operational Improvements
Improved gross profit per unit sold and increased F&I revenue to over $6,000 per unit, up 3% from the previous quarter, with strong finance penetration at approximately 73%.
Towable Inventory Demand
Towable products now make up 77% of new inventory, up from 73% last year, reflecting consumer demand for affordable options.
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GORV Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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GORV Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Mar 31, 2025 | $0.47 | $0.32 | -31.91% |
| Nov 19, 2024 | $1.13 | $0.90 | -20.35% |
| Aug 16, 2024 | $2.43 | $2.18 | -10.29% |
| May 15, 2024 | $3.66 | $3.66 | 0.00% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Lazydays Holdings, Inc. (GORV) report earnings?
Lazydays Holdings, Inc. (GORV) is schdueled to report earning on May 08, 2025, TBA Not Confirmed.
What is Lazydays Holdings, Inc. (GORV) earnings time?
Lazydays Holdings, Inc. (GORV) earnings time is at May 08, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is GORV EPS forecast?
Currently, no data Available
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