Why OneWater Marine Stock Ran Aground Tuesday

Shares of recreational boat and yacht retailer OneWater Marine (ONEW -15.76%) fell 14.1% through 12:30 p.m. ET Tuesday after badly underperforming analyst forecasts for the company's fiscal Q3 2024. OneWater Marine Q3 earnings Management put the best spin it could on the results. While sales declined 9% year over year, for example, CEO Austin Singleton pointed out that OneWater suffered "severe weather impact in Texas" and still "significantly" outperformed the rest of the recreational boating industry. Is ...