HZO - Why Is Boat Dealers Company MarineMax Stock Sinking Today? | Benzinga
MarineMax, Inc. (NYSE:HZO) shares are trading lower on Thursday. The company announced first-quarter revenues of $527.27 million, beating the analyst consensus of $521.28 million.
The 4% top-line growth was driven largely by higher new and used boat sales, contributing to a 4% increase in same-store sales. The company reported adjusted earnings of $0.19 per share, missing the analyst consensus of $0.50.
Gross profit decreased 6.1% to $175.5 million from $186.9 million in the prior-year period. Gross profit margin ...