Lazydays Records 17% Topline Decline In Q2, EPS Tops Consensus
Portfolio Pulse from Nabaparna Bhattacharya
Lazydays Holdings, Inc. (NASDAQ:LAZY) reported a 17.4% YoY decline in Q2 FY23 sales to $308.38 million, missing the consensus of $315.17 million. However, EPS of $0.14 topped the analyst consensus of $0.11. Gross profit for the quarter slumped 31.3% YoY to $67.72 million, and the corresponding margin contracted 440 basis points to 22%. The company remains on track to open new locations in the third quarter.
July 28, 2023 | 4:27 pm
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Lazydays Holdings reported lower than expected Q2 FY23 sales and a significant drop in gross profit. However, the company's EPS exceeded analyst expectations and it plans to open new locations in Q3.
Lazydays' Q2 sales and gross profit fell significantly, which could negatively impact the stock. However, the company's EPS beat expectations, which is a positive sign. Additionally, the planned opening of new locations could boost future revenues, potentially offsetting the negative impact of the Q2 results.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100