Lazydays (GORV) Q1 Earnings & Revenues Fall Short of Estimates

Core Viewpoint - Lazydays Holdings, Inc. reported disappointing first-quarter 2024 results, with earnings and revenues missing estimates for the third consecutive quarter, leading to a 3.8% decline in share price after the announcement [1][2]. Earnings & Revenues - The company reported an adjusted loss per share of $1.63, significantly wider than the Zacks Consensus Estimate of a loss of$0.43, compared to break-even earnings in the same quarter last year [3]. - Total revenues were $270.6 million, falling short of the Zacks Consensus Estimate of$285 million, and representing an 8.5% year-over-year decline [3]. Results of Operations - New vehicle retail sales decreased by 13.6% year over year to $152.7 million, while pre-owned vehicle retail and service, body, and parts revenues declined by 6.1$79.6 million and $13.7 million, respectively [4]. - The company's gross margin contracted by 760 basis points to 14$39.4 million, down from $58.1 million at the end of fiscal 2023. Long-term debt was slightly reduced to$27.8 million from $28.1 million at the end of fiscal 2023 [5].