Holiday RV Reports Earnings
20 August 1998
Holiday RV Reports Earnings Increase Of 47%
ORLANDO, Fla., Aug. 20 -- Holiday RV Superstores, Inc.
today announced net income for the third quarter ended July 31,
1998 of $400,025, a 47% increase from prior year net income of $271,568.
Revenue for the quarter increased 16% to $18.1 million from $15.6 million.
For the nine-month period ending July 31, 1998, operating income increased
20% to $2.8 million from $2.4 million. Revenue for the nine months increased
10% to $57.8 million from $52.4 million. Net income increased 30% to
$1.3 million from $1.0 million.
"This is our third consecutive quarterly increase in comp revenue, and our
fourth consecutive increase in comp earnings," according to Newton C.
Kindlund, Chairman and President. Kindlund adds, "We expect to see continued
increases now being experienced by the RV industry nationwide, driven by 'baby
boomer' purchases."
The Company's common stock trades on the Nasdaq National Market
under the symbol RVEE and is listed in most newspapers under Holiday RV.
Third Quarter Form 10Q will be available approximately September 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 holidayrv.com .
HOLIDAY RV SUPERSTORES, INC.
Quarter Ended Quarter Ended
July 31, 1998 July 31, 1997
Total Revenue $18,111,580 $15,581,274
Operating Income $823,691 $651,544
Net Income $400,025 $271,568
Common Shares Outstanding 7,306,200 7,468,000
Earnings Per Share $0.05 $0.04
Nine Months Ended Nine Months Ended
July 31, 1998 July 31, 1997
Total Revenue $57,777,521 $52,415,139
Operating Income $2,833,935 $2,367,664
Net Income $1,333,436 $1,023,506
Common Shares Outstanding 7,355,000 7,468,000
Earnings Per Share $0.18 $0.14