MarineMax swings to profit in Q3
Facebook Facebook Twitter Twitter LinkedIn LinkedIn Email Email 0 Comments Comments
Boat retailer MarineMax reported Thursday that it posted a profit of $512,000 for the third quarter ended June 30, comparedwith a loss of $9.2 million a year ago. Included in third quarter 2010 net income was $1 million in loan write-offs. Included in third quarter 2009 loss was $2 million associated with store-closing costs.Revenue for the quarter dropped to $115.4 million, compared with $151.5 million in the year-ago period. Same-store sales declined 17%.MarineMax operates 56 retail locations in 19 states.