Holiday RV Superstores Inc., operator of the Recreation USA dealership chain, returned to profitability during its second fiscal quarter, which ended April 30.
The company earned $153,100 during the February-through-April period, an 82% decrease from the $842,600 it earned a year earlier.
The decrease occurred because of higher operating expenses resulting from recent dealership acquisitions as well as investments in computer systems, marketing and management resources, according to the company.
Because of the loss Recreation USA incurred during its first fiscal quarter, it reported a loss of $39,900 for the first half of its fiscal year 2000. It earned $1.3 million during the first half of its fiscal 1999.
The company’s sales increased 90% during its second fiscal quarter to $49.8 million. The locations it owned for at least one year reported 14% increases in sales revenue.
Recreation USA’s sales during the first half of its fiscal 2000 totaled $83.9 million, an 89% increase from the $44.4 million in sales it reported a year earlier.