MarineMax Inc (NYSE:HZO)

Q1 2026 MarineMax Inc Earnings Call Transcript

Jan 29, 2026 / 03:00PM GMT

Release Date Price: $24.65 (-8.23%)

Transcript 10-Q8-K

Key Points

Positve

MarineMax Inc (HZO) achieved nearly 11% same-store sales growth in the first quarter.
Revenue for the December quarter increased year-over-year, driven by strong same-store sales.
The company successfully reduced inventory levels by nearly $170 million compared to last year.
MarineMax Inc (HZO) maintained a strong Net Promoter Score, reflecting a focus on customer experience.
Higher-margin businesses like Marinas, Finance and Insurance, and Superyacht services contributed favorably to consolidated gross profit.

Negative

Retail boat margin pressure increased due to elevated promotional activity and cautious retail behavior.
Gross profit of $160 million was down from the prior year due to anticipated margin pressure.
Gross margins are more than 400 basis points below normal historical levels.
The company experienced a low to mid-single-digit decline in unit volume.
The broader macroeconomic environment and consumer sentiment continue to pose challenges.

Operator

Good day, and welcome to MarineMax, Inc. Fiscal 2026 First Quarter Conference Call. Today's call is being recorded. (Operator Instructions)

I would now like to turn the call over to Scott Solomon of the company's Investor Relations firm, Sharon Merrill Associates. Please go ahead, sir.

Scott Solomon

MarineMax Inc - Investor Relations, Senior Vice President - Sharon Merrill Advisors

Thank you, operator, and good morning, everyone. Hosting today's call are Brett McGill, MarineMax's Chief Executive Officer and President; and Mike McLamb, the company's Chief Financial Officer. Brett will begin the call by discussing MarineMax's operating performance and recent highlights. Mike will review the financial results and the company's fiscal 2026 financial guidance. Brett will make some concluding comments, and then management will be happy to take your questions. The earnings release and supplemental presentation associated with today's announcement can be found at investor.marinemax.com.

And with that, I'll turn the call over to Mike. Mike?

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