Shares of MarineMax (HZO) plummeted 23.13% in pre-market trading on Thursday following the release of disappointing fiscal 2025 third-quarter results and reduced full-year guidance. The recreational boat and yacht retailer faced significant challenges amid ongoing economic uncertainty and weak consumer demand.

MarineMax reported quarterly earnings of $0.49 per share, falling well short of the analyst consensus estimate of $1.17. This represents a substantial 67.55% decrease from the $1.51 per share earned in the same period last year. The company's quarterly sales of $657.159 million also missed expectations, coming in 10.97% below the analyst consensus estimate of $738.173 million and marking a 13.27% year-over-year decline.

Adding to investor concerns, MarineMax significantly lowered its fiscal 2025 outlook. The company now expects adjusted net income to be in the range of $0.45 to $0.95 per diluted share, down from the previous guidance of $1.40 to $2.40 per share. Adjusted EBITDA projections were also reduced to $105 million - $120 million from the earlier forecast of $140 million - $170 million. CEO Brett McGill cited a combination of ongoing economic uncertainty, evolving trade policies, and geopolitical tensions as factors contributing to weak retail demand across the recreational marine industry. The company also reported a non-cash goodwill impairment charge of $69.1 million related to its manufacturing segment, further impacting its bottom line.