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Mar 31, 2021
Marinemax Q2 2021 Earnings Report
Reported record second quarter results driven by robust same-store sales increase and strong gross margins.
Key Takeaways
MarineMax reported a record fiscal 2021 second quarter with revenue increasing 70% to $523.1 million and diluted EPS increasing more than sevenfold to $1.69. Same-store sales grew over 45%. The company also raised its fiscal year 2021 guidance for earnings per diluted share to the range of $5.50 to $5.65.
Revenue increased 70% to over $523 million.
Same-store sales growth exceeded 45% driven by new unit growth.
Gross margin expanded to a record 30%.
Diluted EPS increased more than sevenfold to $1.69.
Marinemax
Marinemax
Forward Guidance
The Company is raising its fiscal year 2021 guidance for earnings per diluted share to the range of $5.50 to $5.65, which is increased from its previously provided guidance of $4.00 to $4.20 per diluted share.