Holiday RV Superstores Reports Record Revenue And Earnings
21 May 1998
Holiday RV Superstores Reports Record Revenue And Earnings
ORLANDO, Fla., May 21 -- Holiday RV Superstores, Inc.
today announced record quarterly and six months earnings for
the period ended April 30, 1998. Net income for the quarter was $770,385, or
11 cents a share, a 28% increase from prior year net income of $601,527, or 8
cents a share. For the six months ended April 30, 1998, net income was
$933,411, or 13 cents a share, a 24% increase from prior year net income of
$751,938, or 10 cents a share.
Revenue increased 7.7% to $39.7 million for the six months ended April 30,
1998, also a record from prior years' revenue of $16.8 million.
"Our Company achieved the best results in 20 years in business due to our
focus on shifting product mix to higher priced motorhomes," commented Newton
C. Kindlund, Chairman and President. Kindlund added, "We expect the increased
revenue and earnings trend to continue as we strive to meet growing consumer
demand in higher priced products as well as a continuation of a favorable
economic environment."
The Company's common stock trades on the Nasdaq National Market under the
symbol RVEE and is listed in most newspapers under Holiday RV. Second Quarter
Form 10Q will be available approximately June 15 by contacting Investor
Relations, Holiday RV Superstores, Inc., 7851 Greenbriar Parkway, Orlando,
Florida 32819 (407-363-9211), fax (407-363-2065), or accessing their Web page
at http://www.holidayrv.com.
Holiday RV Superstores, Inc.
Quarter Ended Quarter Ended
April 30, 1998 April 30, 1997
Total Revenue $24,146,941 $21,431,451
Operating Income 1,508,944 1,220,402
Net Income 770,385 601,527
Common Shares Outstanding 7,281,500 7,470,000
Earnings Per Share $0.11 $0.08
Six Months Ended Six Months Ended
April 30, 1998 April 30, 1997
Total Revenue $39,665,941 $36,833,865
Operating Income 2,010,244 1,716,120
Net Income 933,411 751,938
Common Shares Outstanding 7,345,700 7,474,000
Earnings Per Share $0.13 $0.10