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Dec 31, 2023
Marinemax Q1 2024 Earnings Report
MarineMax reported record December quarter revenue and a 4% increase in same-store sales amidst a challenging retail environment.
Key Takeaways
MarineMax reported a record December quarter revenue of $527.3 million, driven by higher new and used boat sales, resulting in a 4% increase in same-store sales. However, net income decreased to $0.9 million, or $0.04 per diluted share, due to more aggressive pricing actions and a greater mix of larger boats.
Record December quarter revenue of $527.3 million.
Same-store sales increased by 4%.
Gross profit margin was 33.3%.
Net income was $0.9 million, or diluted EPS of $0.04; Adjusted diluted EPS of $0.19.
Revenue by Segment
Forward Guidance
The Company is updating its fiscal year 2024 Adjusted net income guidance to a range of $3.20 to $3.70 per diluted share and revising fiscal year 2024 Adjusted EBITDA guidance in the range of $190 million to $215 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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