Lazydays Holdings, Inc. GORV reported third-quarter 2024 results, wherein earnings and revenues missed the Zacks Consensus Estimate. Both the top and bottom lines decreased year over year. Following the results, the company’s shares declined 5.3% in the after-hours trading session yesterday.

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GORV Q3 Earnings and Revenues

Lazydays reported an adjusted loss per share of $1.27, wider than the Zacks Consensus Estimate of a loss of 89 cents. In the prior-year quarter, the company had reported a loss of 29 cents per share.

Total revenues were $213.5 million, lagging the Zacks Consensus Estimate of $228 million. The top line also declined 23.9% year over year. Revenues were hurt by the dismal performance of new vehicle retail, pre-owned vehicle retail, as well as service, body, and parts and other, owing to lower demand.

LAZYDAYS HOLDINGS, INC. Price, Consensus and EPS Surprise

LAZYDAYS HOLDINGS, INC. price-consensus-eps-surprise-chart | LAZYDAYS HOLDINGS, INC. Quote

Results of Operations

New vehicle retail sales declined 29.3% year over year to $122.3 million. The downside was mainly due to a 13.1% decrease in average selling price per retail unit and an 18.6% decrease in new vehicle retail units sold.

Pre-owned vehicle retail, as well as service, body, and parts and other revenues, declined 19.8% and 9.5% year over year to $60.2 million and $12.9 million, respectively.

The company’s gross margin expanded 180 basis points (bps) year over year to 21.2%. New vehicle retail and pre-owned vehicle retail gross margins declined 160 and 230 basis points year over year to 9.2% and 18.2%, respectively.

Balance Sheet

As of Sept. 30, 2024, cash totaled $13.5 million compared with $58.1 million as of fiscal 2023-end. Long-term debt, non-current portion, net amounted to $27.6 million compared with $28.1 million as of fiscal 2023 end.

GORV’s Zacks Rank & Other Key Picks

GORV currently has a Zacks Rank #2 (Buy).

Here are some other top-ranked stocks from the Zacks Consumer Discretionary sector.

Carnival Corporation & plc CCL currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks Rank #1 stocks here.

CCL has a trailing four-quarter earnings surprise of 318.1%, on average. The stock has surged 68.2% in the past year. The Zacks Consensus Estimate for CCL’s fiscal 2024 sales indicates growth of 16.6% from year-ago levels.

Norwegian Cruise Line Holdings Ltd. NCLH currently carries a Zacks Rank #2. NCLH has a trailing four-quarter earnings surprise of 4.2%, on average. The stock has surged 78.5% in the past year.

The Zacks Consensus Estimate for NCLH’s 2024 sales and EPS indicates growth of 10.2% and 127.1%, respectively, from year-ago levels.

Royal Caribbean Cruises Ltd. RCL currently carries a Zacks Rank #2. RCL has a trailing four-quarter earnings surprise of 16.2%, on average. The stock has surged 119% in the past year.

The Zacks Consensus Estimate for RCL’s 2024 sales and EPS indicates growth of 18.6% and 71.6%, respectively, from year-ago levels.

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