- MarineMax Inc (NYSE:HZO) reported second-quarter FY22 sales growth of 17% year-on-year to $610.11 million, beating the consensus of $541.34 million.
- Same-store sales rose 7% versus 45% growth in the comparable quarter last year.
- EPS of $2.37 beat the analyst consensus of $1.78.
- Gross profit rose 30.9% Y/Y to $205.3 million, and the margin expanded 370 basis points to 33.7%.
- Selling, general and administrative expenses increased 28.5% Y/Y to $133.5 million.
- Operating margin was 11.8%, and the operating income for the quarter rose 35.7% to $71.8 million.
- Cash and equivalents totaled $219.4 million as of March 31, 2022.
- Outlook: MarineMax raised FY22 EPS guidance to $7.90 - $8.30 from the previous view of $7.60 - $8.00, versus the consensus of $7.88.
- Price Action: HZO shares traded higher by 4.69% at $37.94 on the last check Thursday.
Get all your news in one place.
100’s of premium titles.
One app.
Start reading
One app.
Get all your news in one place.
100’s of premium titles. One news app.
MarineMax Q2 Earnings Smashes Estimates, Boosts FY22 EPS Outlook
Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member?
Sign in here
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member?
Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member?
Sign in here
Our Picks