OneWater Marine Braces for Sales Hit from Hurricane Helene

The latest update is out from OneWater Marine ( (ONEW) ).

OneWater Marine Inc. anticipates a dip in September sales and a potential miss on annual financial targets as Hurricane Helene disrupts operations across 26 Gulf Coast locations, with additional impact expected at 21 sites in Alabama, Georgia, and South Carolina. The company has activated its Hurricane Disaster Plan, implementing safety protocols to protect employees, customers, and assets, while insurance moratoriums limit new boat policies, further affecting sales. Despite these setbacks, CEO Austin Singleton remains focused on the company’s long-term strategy and minimizing disruptions, with a positive outlook on recovering sales in the following fiscal year.

See more insights into ONEW stock on TipRanks’ Stock Analysis page.