- MarineMax Inc 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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in
