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aware, you been many As the great. several are have of years last
a of industry financial since While reached Through the all, seen heights, a a historical record and industry XX over and I with ago. dramatically lastly, the part it the hobby years those crisis; XXXX, to turned it X/XX to prices XXXX rocket-like of modern-day this have at inflation; gas changed RVs I've became number and and lifestyle the pandemic. high years, new This from experienced households has into grew level, lifestyle.
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have are all XX those survived of questions During I that years, two sorts But time. questions. fielded there
to are emphatic of yes, can and decades RVing? industry love Americans is data do substantiate each grow to And this opinion, continue the answer First, cyclical decade? my there it. second, In an
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ended in the with sheet. plan on We the cash, additionally, floor million account; offset broken $XXX and cash $XXX cash year of roughly of of up million the by $XXX balance million
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on While will we planning time believe significantly improvements to per manufacturers XXXX we and ground logistics new this forward. supply the both between improve units any chain tighter that and with compared fewer location have forecasting going and XXXX,
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more that And that predictable size which contributor a predictable is key focus the business of largely new; the than was solving. focused to to of and outcomes. the This to solving accessories. puzzle learned with fixed that I've terms would ideas: ever-growing like was always and piece the wanted sales base. new the create steady model, the compared transactions less years, RV a robust the wider operations that and hyper we're more business, the were a which that puzzle essentially we I following to was range committed one parts service, felt collision, the on Over on installed in market, used double is
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In breaking they and opportunity stability; that down a for importantly, to margin; continue three, revenue you strong predictability. provide will most growth; see expanding these
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prospects for the very XXXX. are excited We about
understand to this wanted demonstrate their we I pieces points of the above those to the and contributions. categories emphasize that puzzle finer of
sale. primarily last We of Moving fourth and softening late in year. to materially But RV $X.XX and in sold line it We a the XX,XXX was with from driven December. to stat used in expectations. that good summary down November in units slightly, relatively unit last our recorded market compared X% to broader margins results. units And by outperformed XX,XXX revenue of quarter according year, and billion, down quarter our sales surveys, the new
and of the profit. gross and valuable revenue business million most million predictable of $XX.X had Our $XX.X asset for quarter
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a new for pressure of that margins last this than on and will seen stores, XXXX, units year short-term to new believe start The the has and industry. we high But put demand shows. in the level new remainder continue web, tougher of of consumers RV to As a from through the we plan tighter conversion on RV been margins. moderately sale inquiry year, has with
game in softness new our to continue temporary legacy plan of the RVs, committed to remain With growth. we
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more built waiting and unlike Additionally, current But nine visibility those lines locations to on action. historical the capital so deploy are the company this trend on temporary or take strength sales store understand the or currently opening process, business at either the both new time. soon that any to have we new we locations, has finished. state, margins RV our demanded and of be on expenses believe as We of our not the in opening and softening until
Last the underperforming and excess eliminate locations or lines. process or headcount, fall, to reduce we inventory, business started reduce
continue investments we where and the cost market. the continue going intelligently structure, take closing, business is action to to we're to remain while outperform our going, making necessary our on focused decisive and In on profitably to
back the the I'll questions. now call turn operator over for to
