By Chris Wack
MarineMax shares were 13% higher at $21.78 after the company reported second-quarter revenue that beat analysts' estimates.
The boat and yacht retailer said Thursday it had quarterly revenue of $631.5 million, compared with revenue of $582.9 million in the same quarter last year. Analysts polled by FactSet were looking for revenue of $577.5 million.
Earnings for the quarter were $3.2 million, or 14 cents a share, compared with last year's $1.4 million, or 7 cents a share. Analysts were looking for earnings of $3.4 million, or 14 cents a share.
Adjusted earnings were 23 cents a share, compared with analysts' expectations of 15 cents a share.
MarineMax said it had 11% same-store sales growth, despite a "weak retail market and uncertain macroeconomic climate."
For fiscal 2025, the company cut its adjusted earnings per-share to $1.40 to $2.40, from $1.80 to $2.80 previously. Analysts are forecasting 2025 adjusted earnings of $2.24 a share.
The company said it is seeing strong consumer interest online, with high web traffic and online engagement.
Write to Chris Wack at chris.wack@wsj.com
(END) Dow Jones Newswires
April 24, 2025 11:27 ET (15:27 GMT)
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