MarineMax (HZO) Reports Larger Than Expected Q1 Loss
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MarineMax, Inc. (NYSE: HZO) reports Q1 loss of $0.76, 5 cents lower than the analyst estimate of $0.71. Revenue for the quarter was $100.2 million, versus the consensus of $111 million.
Same store sales fell about 52% compared to a 9% decrease in the same quarter last year. For the three months ended December 31, 2008, the Company's same-store sales were adversely affected by the widely reported weak economic conditions and continued volatility in the financial markets.
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