MarineMax F3Q09 (Qtr End 6/30/09) Earnings Transcript

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2009-07-31 05:23:18.0

Tags: Question, Recruitment & Selection, Team Management, Human Resources, Workforce Management, Management, Seeking Alpha, MarineMax Inc.

Question-and-Answer Session

Operator

Thank you, Mr. McGill. The question-and-answer session will be conducted electronically. (Operator Instructions). And our first question comes from Joe Hovorka with Raymond James.

Joe Hovorka - Raymond James

Thanks guys. I just want to -- you said July retail was actually up?

Michael McLamb

Well, first of all thanks for asking the question, Joe. I thought we did such a good job with the script that we'd addressed anybody's question. But, yes, July will end up for us, I don't know the degree that it's going to be usually you guys ask us that question. I wanted to be proactive and say it in the script. And also wanted to put a lot of caveats around that we are driving business pretty hard, we're being aggressive. But July finish up for MarineMax.

Joe Hovorka - Raymond James

Okay, that was my next question. So part of that is, you increase the amount of discounts in July versus what you did in the June quarter?

Michael McLamb

Yes.

William McGill, Jr.

That is fair to say.

Michael McLamb

Fair to say.

William McGill, Jr.

As we are being up, we're being very aggressive to move the inventory out and basically any buyers or potential buyers we have -- we are making sure they do not leave that we -- they received the deal of life time in some cases.

Joe Hovorka - Raymond James

And the comps as you went through the June quarter, I am assuming June was the best of the three months?

Michael McLamb

They roll pretty close to the same, to be honest with you. There wasn't any events during the June quarter a year ago to make us have an easier or a harder comp this year. They were all in that 35 to 40% down. I know there is some statistics out there, saying that some data points to June maybe being little bit better than the prior year. But I think it was pretty much the same. And for us, as it had -- each of the months are about the same, Joe, I apologize.

Joe Hovorka - Raymond James

Okay. Great. Thanks guys.

Michael McLamb

Thanks.

William McGill, Jr.

Thank you, Joe.

Operator

(Operator Instructions).

Michael McLamb

I think we did such a good job, Bill.

William McGill, Jr.

Well, then I'll do the closing statement operator. So, thank you everyone for your continued interest and support in MarineMax. I would also like to thank our team members for their hard work and their passion for the business and serving our customers during these challenging times. They are truly they keyed our industry at leading position.

 

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