Lazydays Posts Q2 Earnings Below Street View

by Shivani Kumaresan, Benzinga Staff Writer

August 4, 2022 3:21 PM | 1 min read | Make a Comment

Lazydays Holdings Inc LAZY reported second-quarter FY22 sales growth of 15.7% year-on-year to $373.55 million, missing the consensus of $386.15 million.
Gross profit, excluding last-in-first-out (LIFO) adjustments, for the quarter rose 17.1% Y/Y to $101.2 million, and the corresponding margin expanded 30 basis points to 27.1%.
Selling, general and administrative expenses increased 37.2% Y/Y to $61.4 million.
The operating margin was 8.8%, and operating income for the quarter fell 11.6% to $32.9 million.
Adjusted EBITDA of $38.4 million was down 6.8% Y/Y.
The company held $105.3 million in cash and equivalents as of June 30, 2022.
EPS of $0.81 missed the analyst consensus of $1.11.
Price Action: LAZY shares are trading higher by 1.16% at $16.17 on the last check Thursday.