MarineMax shares achieve 3% as Q1 earnings high estimates, steerage reaffirmed

NEW YORK – MarineMax Inc . (NYSE:HZO) shares jumped 3.79% in premarket buying and selling Thursday after the leisure boat and yacht retailer reported better-than-expected fiscal first quarter earnings and reaffirmed its full-year outlook, regardless of difficult market circumstances.

The corporate posted adjusted earnings per share of $0.17 for the quarter ended December 31, beating analyst estimates for a lack of $0.17 per share. Income fell 11.2% year-over-year to $468.5 million, beneath the $485.52 million consensus, as same-store gross sales declined 11%.

“Our December quarter income and same-store gross sales efficiency mirrored a mixture of the gentle retail atmosphere that affected the leisure boating trade all through 2024, and the numerous disruptions attributable to Hurricanes Helene and Milton,” mentioned CEO Brett McGill.

Regardless of decrease gross sales, MarineMax expanded its gross revenue margin by 290 foundation factors to 36.2%, pushed by promotional exercise, gross sales combine, and contributions from higher-margin companies like marinas and superyacht providers.

The corporate reaffirmed its fiscal 2025 steerage, projecting adjusted earnings of $1.80 to $2.80 per share, in comparison with analyst expectations of $2.27 per share.

“Whereas financial circumstances within the leisure marine trade stay difficult, we anticipate that the tempo of exercise improves as we transfer into the spring promoting season,” McGill added.

MarineMax ended the quarter with stock of $1.04 billion, up from $876.2 million a 12 months in the past. The corporate mentioned it’s centered on expense discount and sustaining a powerful steadiness sheet in fiscal 2025.

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