MarineMax Navigates Choppy Waters

MarineMax, a leading boat retailer, reported a slight revenue dip but beat analyst expectations in Q3. However, they posted a loss per share. The company attributes this to inflation and high interest rates, which have dampened demand. Despite this, MarineMaxs diverse business model, including financing, insurance, service, and marina management, helped mitigate the impact. Looking ahead, the company expects challenging market conditions and is focusing on inventory management and cost optimization.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.