MarineMax warns of sales miss as COVID-19 effects started weighing in March [MarketWatch]
MarineMax, Inc. (FL) (HZO)
Last marinemax, inc. (fl) earnings: 4/23 06:45 am
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Source: MarketWatch
MarineMax warns of sales miss as COVID-19 effects started weighing in March MarineMax Inc. HZO, -13.44% warned Thursday of a fiscal second-quarter revenue shortfall, as the recreational boat and yacht retailer said it began to feel the effects of the COVID-19 pandemic shortly after early-March. The company said it was working with manufacturers to adjust futures orders, and implementing measures to help mitigate the effects of COVID-19. Among the measures, the company has temporarily closed departments or stores, although "many" of its 59 store remain fully or partially opertional; is furloughing employees associated with the closures, as it cuts operating costs and delays or reduces capital expenditures; reducing orders from manufacturers; working to "extract capital" from its real estate holdings, which had a net book value of $123 million as of Sept. 30, 2019; and looking to monetize inventory, which was approximately $100 million on Dec. 31. The company said it is withdrawing i
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HZO
Earnings
- 10/31/24 - Beat
HZO
Sec Filings
- 11/18/24 - Form 4
- 11/18/24 - Form 4
- 11/18/24 - Form 4
- HZO's page on the SEC website