morning, and Thank again, you, Brett, everyone. good
also team in the their our uncertain during quarter, thank me these Let for performance outstanding especially times.
across strength of level record driven a We XX% briefly, but of same-store in new perspective, it from momentum Beach and was I to were saw Sarasota quarter. Palm From The same-store our in results and entirely fueled over mentioned all our of never contribute grew sales. Brett building began increase all revenue products produced $XXX categories that of an in April the the quarter, without would the shows, which growth sales unit growth geographic was a impressive June West million. add boat slowed. the For and to regions. benefit trend measurably growth. usually by
to ability shows. data to our Given generate without these over years, and amassed qualified us our we very the we have allowing the mine leads outperform boat online, can technology
margin our for basis points. boat XX due profit decline declined while tremendous all we the increased carry about the in increase gross in dollars gross Our margin $XXX to which over sell. was products The primarily margin million the of lowest sales, quarter to
with Fraser due benefit basis Our Historically, to and XXX quarter. to to like mix. sales, over compress, points, did And increased administrative strong continues dramatically margins margins. excluding gross expenses million. they over Fraser, acquisition down improved general do but Selling, again been same-store margins gross have such this would profits $XX
and sales is ability have more year-over-year. and work X and this differently flow-through excluding sales, our quarter However, included hard commissions and to our which to the in this due Because in digitally their implemented proactive strong duplicative It's the approach efforts, Fraser our SG&A due the would led also was from in team of other of to the new cost we stores. initiatives to the Again, been and earnings down last in world. our closing growth. think rise XX%, year, work which increase
record of new year. a quarterly pretax $XX.X $XX.X reached Our earnings last million compared to million
million, $XX Our increasing share to record over earnings June quarter net income almost to with $X.XX. grew XX% XX% per
For months the few June, X make will comments. I through a only
quarter still and Our annual $XX one million ties record left. have pretax earnings our earnings, we
all is a flow strong very has to our strong had $X.XX. tracking XX% earnings sales These same-store per at impressive Our results. X-month We've increased XX%. and share through, double-digit are
sheet. end, million balance had we cash. quarter our to Turning almost At $XX in
However, substantial reminder, XX% Inventory of $XXX approximately as million. we inventory. a decreased in cash the to form have unlevered
and indicated and of drove the strong production. with we be in the generated on expected ramping to inventory. timing decline last dependent manufacturers sales the sales decline As the combined quarter, quarter the extent we manufacturers of was inventory in down we that The closing,
of color, material the and building deep to our position back for most than manufacturer our are how it up because in inventory inventory. we manufacturers same to a of when Because across we our relationships were been to and stores comes For stores. while. some carrying Also have all better our them, able key share we are of brands,
be share team through This fall quarters. another is such, advantage inventory able organization yield the and the industry has for that should Because we deepest few winter. the industry. gains in the any of in is seasonal, sales should as to our selection rebuild MarineMax inventory competitive move the next market As
decreased deposits, while to size the Looking increased inventories is near-term XX% not, Customer involved due at lumpy to not best of be predictor can considerable borrowings or our a of because liabilities, they deposits the due the decreased largely our trade the generated. whether cash sales short-term we and XX%.
our stands tangible are to X.XX. ratio liabilities sheet current balance very ratio Our and at total is worth Both metrics. X.XX, these net strong of
was worth $XXX net or $XX.XX share. per million tangible Our
we reminder, debt. we long-term and about our debt-free, own no are all a have of As half additional which locations,
in Our and balance to been us times. arise advantage capitalize they allows on formidable strategic that always a as sheet has us opportunities protects uncertain
COVID-XX. guidance withdrew our we disclosed, related to uncertainties given previously As XXXX the
family. trends watch I consider northern normal strong, emerge Seasonally, likely and on new at the year-over-year to to Trends date. remains continue which to will patterns industry reinitiating continue guidance to add is our for current later a be in markets. will do make we trends. We comments up not few a we surprising. boaters expect will July and
period trends sales see still our show signs, uncertain. positive as we this While
with be Brett? the recreation well some as Brett friends sustained call the comments, to lifestyle us country. those your growth expect However, comments. should we supports state With gives and move that safe and to there This continue belief ahead. back throughout for closing be turn the the alive outdoor confidence to that over we will I'll family boating our
