The following is a summary of the Lazydays Holdings, Inc. (GORV) Q2 2024 Earnings Call Transcript:

Financial Performance:

• Lazydays Holdings reported Q2 2024 total revenue of $238.7 million, a decrease of 22.6% year-over-year.

• Adjusted net loss for the quarter was $18.4 million compared to net income of $3.9 million last year, reflecting significant challenges in the market.

• Gross profit per unit on new sales increased more than 200% sequentially due to aggressive inventory actions, showing a mixed picture amid broader revenue declines.

Business Progress:

• Implemented significant cost reduction actions, expecting to save approximately $25 million annually.

• Closed one underperforming location and consolidated two, focusing on optimizing the portfolio despite market challenges.

• Increased focus on direct procuring used units and expanding consignment options to mitigate lower trade-ins.

• Plans to refine product mix per store based on demand, with more emphasis on affordable travel trailers.

Opportunities:

• Refining product mix and stocking levels to meet local market demands and focusing on affordable options.

• Expansion of consignment options for RV sales to adapt to changing market conditions and consumer behaviors.

Risks:

• Continued underperformance in recreational vehicle sales due to poor consumer demand and an uncertain economic outlook.

• Potential financial constraints despite refinancing efforts and securing additional capital from mortgage facilities.

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