- Lazydays Holdings Inc LAZY reported second-quarter FY22 sales growth of 15.7% year-on-year to $373.55 million, missing the consensus of $386.15 million.
- Gross profit, excluding last-in-first-out (LIFO) adjustments, for the quarter rose 17.1% Y/Y to $101.2 million, and the corresponding margin expanded 30 basis points to 27.1%.
- Selling, general and administrative expenses increased 37.2% Y/Y to $61.4 million.
- The operating margin was 8.8%, and operating income for the quarter fell 11.6% to $32.9 million.
- Adjusted EBITDA of $38.4 million was down 6.8% Y/Y.
- The company held $105.3 million in cash and equivalents as of June 30, 2022.
- EPS of $0.81 missed the analyst consensus of $1.11.
- Price Action: LAZY shares are trading higher by 1.16% at $16.17 on the last check Thursday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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