MasterCraft Boat Holdings Sees Worsening Boat Trends in Fiscal Q4

August 30, 2023

MasterCraft Boat Holdings, Inc. reported consolidated net sales of $166.6 million for the fiscal fourth quarter ended June 30, down 15.5 percent from the fourth quarter of fiscal 2022. The company said the net sales decrease reflected decreased sales volumes, less favorable model mix and increased dealer incentives, partially offset by higher prices. Dealer incentives include higher floor plan financing costs due to increased dealer inventories and interest rates and increased other incentives as the retail environment becomes more competitive. SGB Media