LAZYDAYS HOLDINGS Reports Second Quarter Earnings Results for FY2023 Ending June 30
August 28, 2023
🌥️Earnings Overview
For the quarter ended June 30 2023, LAZYDAYS HOLDINGS ($NASDAQ:LAZY) reported total revenue of USD 308.4 million, a decrease of 17.4% compared to the same period the prior year. Net income for the period was USD 3.6 million, an 88.8% decrease from the same quarter in the previous year.
Stock Price
On Friday, LAZYDAYS HOLDINGS reported their earnings results for the second quarter of FY2023, ending June 30. The company saw positive returns on their stock, with the opening price at $12.8 and closing at $12.9, representing an increase of 2.9% from the previous closing price of $12.6. Investors reacted positively to this news, as the company is showing signs of strong growth and profitability.
With their second-quarter earnings results, LAZYDAYS HOLDINGS is on track to reach their projected yearly goals. The company is optimistic about their future prospects and is confident that their robust financials will continue to drive returns and growth in the upcoming quarters. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Lazydays Holdings. More…
| Total Revenues | Net Income | Net Margin |
| 1.18k | 23.73 | 0.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Lazydays Holdings. More…
| Operations | Investing | Financing |
| -83.36 | -54.54 | 90.07 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Lazydays Holdings. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 857.33 | 585.76 | 23.34 |
Key Ratios Snapshot
Some of the financial key ratios for Lazydays Holdings are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 18.6% | 22.8% | 3.3% |
| FCF Margin | ROE | ROA |
| -10.9% | 7.5% | 2.8% |
Analysis
At GoodWhale we’ve conducted an analysis of LAZYDAYS HOLDINGS‘ wellbeing, and found that the company has a high risk rating when assessing its financial and business aspects. To provide a more detailed assessment, we have identified five risk warnings in the income sheet, balance sheet, cashflow statement, non-financial and financial journal. We invite you to register with us and take a look at our findings in more detail. More…
Peers
Lazydays Holdings Inc, Tokatsu Holdings Co Ltd, Motorcycle Holdings Ltd, and AutoCanada Inc are all in competition with each other. Each company is striving to be the best in the industry, and they are all fighting for market share. All of these companies are trying to offer the best products and services to their customers, and they are all trying to stay ahead of the competition.
– Tokatsu Holdings Co Ltd ($TSE:2754)
Tokatsu Holdings Co Ltd is a Japanese company with a market capitalization of 1.65 billion as of 2022. The company has a return on equity of 5.23%. Tokatsu Holdings Co Ltd is involved in the business of providing services for theTokyo metropolitan area. The company’s services include water supply, sewerage, gas, electricity, heat, and air conditioning.
– Motorcycle Holdings Ltd ($ASX:MTO)
Harley-Davidson, Inc. is an American motorcycle manufacturer founded in 1903 in Milwaukee, Wisconsin. It was one of two major American motorcycle manufacturers to survive the Great Depression, along with Indian. The company has survived numerous ownership arrangements, subsidiary arrangements, periods of poor economic health and product quality, and intense global competition to become one of the world’s largest motorcycle manufacturers and an iconic brand widely known for its loyal following. There are owner clubs and events worldwide as well as a company-sponsored brand-focused museum.
– AutoCanada Inc ($TSX:ACQ)
AutoCanada Inc. is one of Canada’s largest multi-location automobile dealership groups, currently operating 58 franchised dealerships in eight provinces. The company sells new and used vehicles, and related financing, insurance, and warranty products. AutoCanada is headquartered in Edmonton, Alberta, and its common shares trade on the Toronto Stock Exchange under the symbol ACQ.
As of 2022, AutoCanada had a market capitalization of 564.72 million Canadian dollars. The company’s return on equity (ROE) was 38.01 percent. AutoCanada’s business is focused on the sale of new and used vehicles, as well as related financing, insurance, and warranty products. The company operates in Canada’s eight largest provinces and has a total of 58 franchised dealerships.
Summary
Investors should approach LAZYDAYS HOLDINGS with caution as the company has reported a steep decline in both revenue and net income for the quarter ending June 30 2023, compared to the same period in the previous year. Total revenue amounted to USD 308.4 million, a decrease of 17.4%, while net income was USD 3.6 million, a decrease of 88.8%. Investors should take into account the poor performance of the company and conduct their own due diligence prior to investing in the company.
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