Lazydays Holdings Inc (NAS:GORV)

Q1 2025 Lazydays Holdings Inc Earnings Call Transcript

May 15, 2025 / 12:30 PM GMT

Release Date Price: $4.2 (-9.68%)

Transcript 10-Q8-K

Key Points

Positve

Lazydays Holdings Inc (GORV) successfully reduced its debt by approximately $145 million through the sale of five dealerships to Camping World.
The company reported a $10 million year-over-year reduction in SGNA expenses due to reduced overhead personnel and marketing costs.
Gross profit margins increased across all product lines, leading to a notable rise in gross profit despite lower sales volume.
New and used unit sales increased by 18% and 19% respectively in the first quarter compared to the fourth quarter of 2024.
The company achieved a gross margin of 24% for the quarter, representing a 10% increase compared to the prior year.

Negative

Unit sales were down 36% or 912 units in the quarter, driven by previously announced divestitures.
Net sales for the quarter decreased by 39% compared to the prior year period, reflecting a deliberate reduction of inventory and lower store count.
Pre-owned retail unit sales were down 48% or 655 units during the quarter.
The company reported a loss from operations of $2.3 million for the quarter, including non-cash impairment charges of $2.9 million.
Finance and insurance revenue per unit decreased slightly from the fourth quarter, despite strong finance penetration.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

GORV.OQ - Lazydays Holdings Inc
Q1 2025 Lazydays Holdings Inc Earnings Call
May 15, 2025 / 12:30PM GMT

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Presentation
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Unidentified_1 [1]
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Greetings and welcome to the lazy Days RV Holdings first quarter 2025 conference call. At this time, all participants are on a listen-only mode. If anyone requires operator assistance during the conference, please press 0 on your telephone keypad. As a reminder, this conference is being recorded. It is now my pleasure to introduce your host, Mr. Jeff Needles, Chief Financial Officer.

Thank you. Please go ahead.

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Unidentified_2 [2]
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Thank you, operator, and welcome everyone.

Thank you for joining us today as we discuss Lazy Day's

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