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Lazydays 4Q Sales Dip, FY '18 Gross Profit Up (3/21/2019)

While Lazydays RV reported their gross profit, excluding LIFO adjustments, increased $2.2 million in Fiscal Year 2018 versus Fiscal Year 2017, the company saw its fourth quarter revenues decrease $10.7 million, or 7.8%, versus 2017.Revenue from sales of recreational vehicles was $110.1 million for the quarter, down $11.9 million, or 9.7%. RV unit sales excluding wholesale units, were 1,334 for the quarter, down 145 units, or 9.8% versus 2017. The decline in the sal...
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Report: Texas Franchise Law Reform In The Works (3/21/2019)

   In Texas, the clock is ticking to allow Berkshire Hathaway Automotive to lawfully operate its dealerships in the state, according to a March 18 report by Automotive News. Berkshire Hathaway Automotive, of Irving, ran afoul of Texas law in 2017 because its parent company, Berkshire Hathaway Inc., also owns RV maker Forest River Inc. Texas law forbids a vehicle maker from also operating dealerships in the state. It’s the same law that bars Tesla-owned stores there. Senate Bill 1415 and companion House Bill 2940 ...
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