NASDAQ$GORV
Lazydays Holdings Inc · Q2 2023 earnings
Q2 2023 earnings · · Investor relations
Briefing
Reported financial results with revenue decreasing and net income significantly declining compared to the same quarter last year.
Lazydays reported a decrease in revenue to $308.4 million compared to $373.6 million in Q2 2022. Net income also decreased to $3.6 million from $27.1 million in the same period last year. Adjusted net income was $3.9 million compared to $23.5 million for the same period in 2022.
- Revenue decreased to $308.4 million from $373.6 million in Q2 2022.
- Net income decreased to $3.6 million compared to $27.1 million for the same period in 2022.
- Adjusted net income was $3.9 million compared to $23.5 million for the same period in 2022.
- Ended the quarter with total estimated liquidity of $85.3 million.
Headline financials
Revenue & EPS history
Lazydays · Revenue · Quarterly
$308M
Revenue by segment
Lazydays · $308M total across 5 segments · Q2 2023
- New Vehicle Retail$183M—59.3%
- Pre-Owned Vehicle Retail$91M—29.5%
- Finance and Insurance$17.7M—5.8%
- Service, Body & Parts$15.2M—4.9%
- Vehicle Wholesale$1.72M—0.6%
Forward guidance
The company is focused on expanding its network through acquisitions and new builds, with several new locations expected to open in the coming quarters.
Tailwinds
- Acquired Buddy Gregg Motorhomes in Knoxville, Tennessee, estimated to add approximately $40 million in revenue at steady state.
- Monticello, Minnesota store became exclusive to the Airstream brand and was renamed Airstream Minneapolis.
- Completed the purchase of a new 8-acre parcel in Las Vegas, Nevada and broke ground on a state-of-the-art facility.
- Remains on track to open Wilmington, Ohio and Ft. Pierce, Florida greenfield locations in the third quarter.
- Surprise, Arizona greenfield location is expected to open in the fourth quarter of this year.
Headwinds
- Second quarter 2023 revenue decreased to $308.4 million from $373.6 million in the second quarter of 2022.
- Second quarter 2023 net income was $3.6 million compared to $27.1 million for the same period in 2022.
- Closure of Maryville store due to the expansion of the Alcoa Highway by the Tennessee DOT.
- Decrease in gross profit margin across multiple segments.
- Decline in retail units sold for both new and used vehicles.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 11 quarterly earnings reports · overlaid with Q2 2023
-2.5%
Avg return
Earnings day
-9.6%
Avg return
5 days after
-12.6%
Avg return
30 days after
34%
10 / 29 earnings
Positive
+23.4%
Q1 2020
Best reaction
-30.8%
Q4 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q4 2025 | — | — | — | |
| Q3 2025 | -19.6% | -30.4% | — | |
| Q2 2025 | -3.6% | -16.2% | -41.8% | |
| Q1 2025 | -14.2% | +17.1% | +53.5% | |
| Q4 2024 | -30.8% | -52.1% | -57.9% | |
| Q3 2024 | -20.3% | -9.8% | -32.0% | |
| Q2 2024 | -7.6% | -22.6% | -40.6% | |
| Q1 2024 | -4.4% | -1.6% | -16.4% | |
| Q4 2023 | +18.2% | +18.7% | +1.1% | |
| Q3 2023 | -9.3% | -7.3% | +18.1% | |
| Q2 2023 | +4.2% | +2.4% | -10.1% | |
| Q1 2023 | -4.8% | -9.2% | -3.5% | |
| Q4 2022 | -7.9% | -3.9% | -8.9% | |
| Q3 2022 | +8.9% | — | — | |
| Q2 2022 | +1.1% | — | — | |
| Q1 2022 | -1.9% | — | — | |
| Q4 2021 | +17.4% | — | — | |
| Q3 2021 | -2.2% | — | — | |
| Q2 2021 | +18.9% | — | — | |
| Q1 2021 | -7.0% | — | — | |
| Q4 2020 | -4.1% | — | — | |
| Q3 2020 | +6.9% | — | — | |
| Q2 2020 | -3.7% | — | — | |
| Q1 2020 | +23.4% | — | — | |
| Q4 2019 | -21.5% | — | — | |
| Q3 2019 | +14.4% | — | — | |
| Q2 2019 | +3.4% | — | — | |
| Q1 2019 | -5.6% | — | — | |
| Q4 2018 | -7.7% | — | — | |
| Q3 2018 | -14.3% | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro