BUZZ-RV retailer Lazydays Holding falls to record low after dour quarterly results

Reuters
04-01
BUZZ-RV retailer <a href="https://laohu8.com/S/GORV">Lazydays</a> Holding falls to record low after dour quarterly results

** Shares of recreational vehicles (RV) retailer Lazydays Holding GORV.O fall as much as 44.4% to a record low of 26 cents

** Co reports Q4 revenue decline of 19.3%, posts adjusted EBITDA loss of $24.3 million vs a loss of $10.7 million a year ago

** Posts decline across vehicle retail and wholesale segments

** Co announces divestiture of three of its stores to add cash to balance sheet, reduce indebtedness

** Including session moves, GROW has fallen ~68% YTD

(Reporting by Neil J Kanatt in Bengaluru)

((Neil.JKanatt@thomsonreuters.com))

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