Printer Friendly

HOLIDAY RV SUPERSTORES ANNOUNCES RETURN TO PROFITABILITY IN 92

 ORLANDO, Fla., Jan. 28 /PRNewswire/ -- Holiday RV Superstores, Inc. (NASDAQ: RVEE) today announced a 14.4 percent increase in total revenue for fiscal year 1992 to $40.9 million, compared to $35.8 million for fiscal 1991. Income from operations was $685,000 compared to a loss of $70,000 in 1991. Net income was $128,000 compared to a loss of $412,000 in 1991.
 Chairman and CEO Newton C. Kindlund added, "RV sales in the Southeast, and particularly Florida, lagged behind other U.S. regions for the first 10 months of our fiscal year. However, demand created by Hurricane Andrew disaster effort in September and October provided the increased sales for the year, and returned our company to profitability."
 Kindlund added, "I am pleased to report the increased sales momentum experienced at the end of fiscal 1992 has continued into fiscal 1993. Increased revenue, coupled with the closing of an unprofitable dealership in Jacksonville, Fla., is expected to yield improved earnings for both our current quarter and our 1993 operating year."
 Holiday RV Superstores, Inc. operates a chain of specialty retail recreation vehicle and marine dealerships throughout the Southeast. The company's common stock trades under NASDAQ National System under the symbol RVEE and is listed in most newspapers under Holiday RV. Detailed financial information, including 10Ks and annual reports, can be obtained by contacting Investor Relations, Holiday RV Superstores, Inc., 7851 Greenbriar Parkway, Orlando, FL 32819, 407-363-9211.
 HOLIDAY RV SUPERSTORES
 Year Ending Year Ending
 Oct. 31, 1992 Oct. 31, 1991
 Total Revenue $ 40,926,860 $ 35,770,536
 Net Income (Loss) $ 127,523 $( 412,479)
 Common Shares
 Outstanding 7,247,784 7,340,000
 Earnings (Loss)
 Per Share $ .02 $( .06)
 -0- 1/28/93
 /CONTACT: Newton C. Kindlund or W. Hardee McAlhaney of Holiday RV Superstores, 407-363-9211.
 (RVEE)


CO: Holiday RV Superstores, Inc. ST: Florida IN: LEI SU: ERN

SS-JB -- FL016 -- 0351 01/28/93 14:22 EST
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Jan 28, 1993
Words:320
Previous Article:CLARK EQUIPMENT ANNOUNCES YEAR-END RESULTS
Next Article:MGIC INVESTMENT CORPORATION DECLARES QUARTERLY DIVIDEND, NAMES DAVID S. ENGELMAN TO BOARD OF DIRECTORS
Topics:


Related Articles
HOLIDAY RV SUPERSTORES, INC. REPORTS REVENUE AND EARNINGS FOR 1991
HOLIDAY RV SUPERSTORES ANNOUNCES A RETURN TO PROFITABILITY FOR SECOND QUARTER, FISCAL YEAR 1992
HOLIDAY RV SUPERSTORES ANNOUNCES DRAMATIC INCREASES IN EARNINGS FOR SECOND QUARTER AND FIRST SIX MONTHS, FISCAL 1993
HOLIDAY RV SUPERSTORES INCREASES FIRST QUARTER REVENUE 47%
HOLIDAY RV SUPERSTORES REPORTS FOURTH CONSECUTIVE QUARTERLY RECORD RESULTS
Holiday RV Superstores Announces Record 1996 Revenue
Holiday RV Superstores Reports Record First Quarter 97 Earnings
Holiday RV Superstores Reports 13 Percent Increase in Earnings
Holiday RV Superstores Reports 3% Increase In Earnings
Holiday RV Reports Earnings Increase Of 47%

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters