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Lazydays Preliminary 3Q Results Show Large Sales Gain

Dow Jones Newswires ·  Oct 14, 2021 20:49

By Matt Grossman

Lazydays Holdings Inc. revenue grew by 48% year over year in the third quarter, the company said Thursday, citing preliminary financial results.

A 35% increase in unit sales of recreational vehicles helped bring revenue in the quarter to $318.7 million, up from $215.7 million a year earlier, the company said. Analysts had been expecting revenue of $306 million, according to FactSet.

Compared with 2019's pre-pandemic third quarter, revenue more than doubled.

Inventory has remained tight, increasing slightly in the latest quarter but remaining well below historical levels and Lazydays' target, it said.

RV makers have benefited from rising interest in outdoor recreation during the public-health crisis.

Write to Matt Grossman at matt.grossman@wsj.com

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