MarineMax, Inc. (NYSE:HZO) Q2 2024 Earnings Call Transcript

Eric Wold: Got it. Thanks, Mike.

Mike McLamb: Thanks, Eric.

Operator: Thank you. Our next question is from the line of David MacGregor with Longbow Research. Please go ahead.

Joe Nolan: Hey, good morning. This is Joe Nolan on for David.

Mike McLamb: Hey, Joe.

Brett McGill: Hey, Joe.

Joe Nolan: Hi, most of my questions have been answered at this point, but I just wanted to ask whether obviously first quarter always has some sort of weather impact, but it seemed maybe a little bit worse than a typical first quarter. So I was just wondering if you could talk a little bit about the cadence of sales through the quarter as we saw weather improve a bit.

Mike McLamb: Yeah, I’d say weather did probably play a little bit of a role, believe it or not. I mean, we live here in Florida, and Florida had a wet, windy, cold March quarter. A lot of folks up north don’t feel sorry for us, but I usually boat a fair amount in the March quarter and I was not out much at all.

Brett McGill: And April weather’s, “shaping up” pretty nicely here, which you can kind of see that in our comments about April being strong.

Mike McLamb: Yes. So there probably is some play on weather that we’re probably experiencing now, including here in northern markets, too.

Joe Nolan: Got it. And then obviously we’re seeing the step up in promotions. Can you just talk about the success level that you’ve seen with the promotions and driving retail activity, whether that’s been maybe better or worse than you originally would have expected?

Brett McGill: Yes, it’s, when we partner with the manufacturer, we put a full program together that’s, consumer facing and offers them more and you know, creates urgency. When we help create more urgency. It’s absolutely working. That’s the key.

Joe Nolan: Got it. Okay. Thanks guys.

Brett McGill: You’re welcome.

Mike McLamb: Thanks, Joe.

Operator: Thank you. Ladies and gentlemen, I now hand the conference over to Mr. McGill for his closing comments. Please, go ahead.

Brett McGill: Well, we appreciate everybody joining the call this morning. And we look forward to updating you on our progress in the next quarterly call. Have a great day.

Operator: Thank you. The conference of MarineMax has now concluded. Thank you for your participation. You may now disconnect your lines.