LAZYDAYS ANNOUNCES OPENING OF NEW LOCATION IN SURPRISE, AZ.
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The expansion of Lazydays with its new Phoenix facility represents a strategic move to solidify its presence in a key market. The addition of a third location in the Phoenix metropolitan area indicates a calculated effort to capture a larger share of the regional recreational vehicle (RV) market. From a market research perspective, the introduction of a state-of-the-art facility with the capacity to display over 300 RVs suggests an anticipation of increased demand within the sector.
It is important to consider the broader economic indicators, such as disposable income levels and consumer spending trends, which can significantly influence the RV industry. The opening of a large facility with significant service capacity also points to a focus on customer retention and after-sales service, which can drive long-term revenue growth beyond the initial sale of RVs.
However, the projected $50 million in annual revenues must be weighed against the initial and ongoing operational costs of the new location. If Lazydays can maintain high utilization of its service bays and sell inventory at a steady rate, the investment could pay off, contributing positively to the company's overall financial performance.
Lazydays' announcement of a new facility opening and its expected $50 million in annual revenues provides a positive outlook for the company's growth trajectory. This expansion increases Lazydays' total nationwide locations to 25, which could enhance its economies of scale and potentially improve its bargaining power with manufacturers.
Investors should monitor the company's subsequent quarterly financial statements to assess the impact of the new facility on the balance sheet, particularly in terms of capital expenditures and any associated debt incurred for the expansion. The new facility's contribution to the top-line revenue will be a key metric, but it is equally important to analyze the operating margin to understand the efficiency and profitability of the new location.
Given the competitive nature of the RV market, it is crucial to evaluate how Lazydays' expansion strategies compare to industry peers and whether the company is able to differentiate itself through its service offerings or inventory selection.
The RV industry is often considered a discretionary sector, sensitive to macroeconomic fluctuations. The decision by Lazydays to expand in the Phoenix area could be interpreted as a sign of confidence in the regional and possibly national economy. The facility's ability to provide a wide range of products and services may cater to a diverse customer base, potentially mitigating risks associated with economic downturns.
Additionally, the RV industry can serve as an economic indicator, with sales often reflecting consumer confidence and discretionary spending power. The expansion of Lazydays and its projected revenue growth could suggest a positive outlook for consumer discretionary spending. It will be important to track economic trends such as employment rates, fuel prices and travel patterns, as these can have a direct impact on the success of the RV industry.
The long-term success of the new facility may also hinge on broader trends, such as the popularity of RV travel as a lifestyle choice, particularly among retirees and millennials seeking alternative travel experiences.
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About Lazydays
Lazydays has been a prominent player in the RV industry since its inception in 1976, earning a stellar reputation for delivering exceptional RV sales, service, and ownership experiences. Its commitment to excellence has led to enduring relationships with RVers and their families, who rely on Lazydays for all their RV needs.
With a strategic approach to rapid expansion, Lazydays is growing its network through both acquisitions and new builds. Its wide selection of RV brands from top manufacturers, state-of-the-art service facilities, and an extensive range of accessories and parts ensure that Lazydays is the go-to destination for RV enthusiasts seeking everything they need for their journeys on the road. Whether you are a seasoned RVer or just starting your adventure, Lazydays' dedicated team is here to provide outstanding support and guidance, making your RV lifestyle truly extraordinary.
Lazydays is a publicly listed company on the Nasdaq stock exchange under the ticker "GORV".
Forward-Looking Statements
This press release includes "forward-looking statements" within the meaning of the "Safe-Harbor" provisions of the Private Securities Litigation Reform Act of 1995. Forward looking statements include statements regarding our goals, plans, projections and guidance regarding our financial position, results of operations, market position, pending and potential future acquisitions and business strategy, and often contain words such as "project," "outlook," "expect," "anticipate," "intend," "plan," "believe," "estimate," "may," "seek," "would," "should," "likely," "goal," "strategy," "future," "maintain," "continue," "remain," "target" or "will" and similar references to future periods. Examples of forward-looking statements in this press release include, among others, statements regarding:
- Our ability to improve store performance;
- Anticipated acquisition opportunities and additions of dealership locations to our portfolio in the future, and our ability to improve earnings and achieve returns on investments;
- Anticipated revenues from acquired and open point stores; and
- Anticipated availability of liquidity from our credit facility and unfinanced operating real estate.
By their nature, forward-looking statements involve risks and uncertainties because they relate to events that depend on circumstances that may or may not occur in the future. Forward-looking statements are not guarantees of future performance, and our actual results of operations, financial condition and liquidity and development of the industry in which we operate may differ materially from those made in or suggested by the forward-looking statements in this press release. The risks and uncertainties that could cause actual results to differ materially from estimated or projected results include, without limitation, future economic and financial conditions (both nationally and locally), changes in customer demand, our relationship with, and the financial and operational stability of, vehicle manufacturers and other suppliers, risks associated with our indebtedness (including available borrowing capacity, compliance with financial covenants and ability to refinance or repay indebtedness on favorable terms), acts of God or other incidents which may adversely impact our operations and financial performance, government regulations, legislation and others set forth throughout "Part II, Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations" and in "Part I, Item 1A. Risk Factors" of our most recent Annual Report on Form 10-K, and from time to time in our other filings with the SEC. We urge you to carefully consider this information and not place undue reliance on forward-looking statements. We undertake no duty to update our forward-looking statements, including our earnings outlook, which are made as of the date of this release.
Contact:
Investor Relations
investors@lazydays.com
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SOURCE Lazydays
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