Company: MCFT
Filing Date: 2025-02-06
Form Type: 10-Q
Source: 0000950170-25-015130
Chunk: 9

Company: MasterCraft Boat Holdings, Inc.
Filing Date: 2025-02-06
Form: 10-Q
Item: Item 2
Chunk 9
---
    %)

    Pontoon

    54

    47

    7

    14.9
    %

    55

    49

    6

    12.2
    %

    Consolidated net sales per unit

    115

    105

    10

    9.5
    %

    117

    108

    9

    8.3
    %

    Gross margin

    17.2
    %

    23.3
    %
     
    (610) bps

    17.6
    %

    23.6
    %
     
    (600) bps

Net sales decreased $26.4 million and $55.3 million during the second quarter and first half of fiscal 2025, respectively, when compared with the same prior-year period. The decrease in net sales was primarily driven by planned lower unit volumes and unfavorable model mix.

Gross margin percentage declined 610 and 600 basis points during the second quarter and first half of fiscal 2025, respectively, when compared with the same prior-year period. Lower margins were the result of unfavorable model mix and lower cost absorption due to decreased production volume.

20

Segment Results

MasterCraft Segment

The following table sets forth MasterCraft segment results for the three and six months ended:

    Three Months Ended

    2025 vs. 2024

    Six Months Ended

    2025 vs. 2024

    December 29,

    December 31,

    %

    December 29,

    December 31,

    %

    (Dollar amounts in thousands)
     
    2024

    2023

    Change

    Change

    2024

    2023

    Change

    Change

    Net sales
     
    $
    55,097

    $
    72,699

    $
    (17,602
    )

    (24.2
    %)
     
    $
    110,630

    $
    148,535

    $
    (37,905
    )

    (25.5
    %)

    Operating income

    3,379

    10,294

    (6,915
    )

    (67.2
    %)

    7,072

    20,584

    (13,512