MarineMax Reports Q1 Fiscal 2026 Financial Results
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: Businesswire
- Revenue Growth: MarineMax's Q1 fiscal 2026 revenue reached $505.2 million, a 7.8% increase year-over-year, demonstrating the company's resilience despite industry inventory adjustments and promotional pressures.
- Gross Margin Decline: The first quarter gross profit was $160.5 million, or 31.8% of revenue, down from 36.2% in the prior year, primarily due to the impact of a competitive retail promotional environment, highlighting intensified market competition.
- Net Loss Situation: The company reported a net loss of $7.9 million in Q1, translating to a loss of $0.36 per share, compared to a net income of $18.1 million in the same quarter last year, reflecting the financial impact of current market challenges.
- Future Outlook: MarineMax expects adjusted EBITDA for fiscal 2026 to range between $110 million and $125 million, and despite ongoing challenges, the company remains optimistic about improvements in the spring selling season, believing its positioning in the premium segment will help outperform the broader market.
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Analyst Views on HZO
Wall Street analysts forecast HZO stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for HZO is 29.50 USD with a low forecast of 29.00 USD and a high forecast of 30.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
3 Analyst Rating
3 Buy
0 Hold
0 Sell
Strong Buy
Current: 27.560
Low
29.00
Averages
29.50
High
30.00
Current: 27.560
Low
29.00
Averages
29.50
High
30.00
About HZO
MarineMax, Inc. is a lifestyle retailer of recreational boats and yachts, as well as yacht concierge and superyacht services. It has over120 locations worldwide, including over 70 dealerships and 65 marina and storage facilities. Its segments include Retail Operations and Product Manufacturing. Its integrated business includes IGY Marinas, which operates luxury marinas in yachting and sport fishing destinations around the world; Fraser Yachts Group and Northrop & Johnson, superyacht brokerage and luxury yacht services companies; Cruisers Yachts, manufacturers of sport yachts, motor yachts and Aviara luxury dayboats, and Intrepid Powerboats, a manufacturer of powerboats. It provides financing and insurance services as well as digital technology products that connect boaters to a network of preferred marinas, dealers, and marine professionals through Boatyard and Boatzon. It also operates MarineMax Vacations in Tortola, British Virgin Islands, which offers luxury boating adventures.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
MarineMax Set to Announce Q1 Earnings
- Earnings Announcement: MarineMax is set to release its Q1 2023 earnings on January 29 before market open, with a consensus EPS estimate of -$0.08, reflecting a significant 157.1% year-over-year decline, indicating substantial profitability challenges for the company.
- Revenue Decline Forecast: The expected revenue for Q1 is $482.63 million, down 23.6% year-over-year, highlighting the company's struggles in the current market environment, which may impact investor confidence moving forward.
- Performance Against Estimates: Over the past two years, MarineMax has only beaten EPS estimates 25% of the time and revenue estimates 38% of the time, indicating considerable volatility in its performance that could affect long-term shareholder returns.
- Estimate Revision Trends: In the last three months, there have been no upward revisions for EPS and revenue estimates, with two and four downward revisions respectively, suggesting a weakening analyst confidence in the company's future performance, potentially putting pressure on its stock price.
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MarineMax Q1 Earnings Report Analysis
- Earnings Performance: MarineMax reported a Q1 non-GAAP EPS of -$0.21, missing expectations by $0.13, indicating pressure on the company's profitability.
- Revenue Trends: The company generated $505.2 million in revenue, a 20% year-over-year decline, although it beat market expectations by $22.57 million, reflecting overall industry weakness.
- Same-Store Sales Growth: Same-store sales increased over 10%, suggesting that some segments of the business are performing well despite challenges, potentially providing hope for future recovery.
- Inventory Management: At quarter-end, inventories decreased by $167.3 million from the prior year, demonstrating effective inventory control that could enhance cash flow and operational efficiency.
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