Malibu Boats' Q2 Earnings: Retail Recovery Crucial for Growth

Malibu Boats reported Q2 results with weakness in the company, sending the stock down 11% for the day. The boat manufacturer's results were impacted by a lack of retail recovery, which is crucial for the company's growth. The company's sales declined 9% year-over-year to $134.3 million, while its net income fell to $3.4 million from $4.5 million in the same period last year.