MarineMax reported stronger-than-expected earnings despite sales drop, shares rose 18.5%.

MarineMax reported a stronger-than-expected Q1 earnings of 17 cents per share, though sales fell 11.2% to $468.46 million, missing estimates. The company's gross profit margin improved to 36.2%. Despite sales challenges from Hurricanes Helene and Milton, MarineMax reaffirmed its fiscal 2025 guidance of an adjusted EPS range of $1.80 to $2.80. Shares rose 18.5% to $33.11.

2 months ago
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