Massimo Group completes training with major farm retailer, plans expansion

GARLAND, Texas - Massimo Group (NASDAQ:MAMO), a powersports vehicle manufacturer with a market capitalization of $106.6 million, announced Wednesday it has completed sales and product training with the nation’s largest farm and ranch retailer, highlighting their ongoing strategic partnership.

The company’s products are currently available in more than 1,200 of the retailer’s locations, with plans to expand into over 100 additional stores in the near future. According to the press release, the companies discussed broadening Massimo’s product lineup, including the recently launched T-Boss 900L UTV, expansions in the ATV line, and growth of go-kart offerings such as the Mini 125. Despite maintaining a healthy gross margin of 29.55%, the company has faced challenges with revenue declining 41.14% over the last twelve months.

"This retail partner is a cornerstone of our growth strategy and an essential channel to reach hardworking families across America," said David Shan, Chief Executive Officer of Massimo Group.

The Texas-based manufacturer indicated it continues to invest in new product development to meet customer demand, strengthen retail partnerships, and deliver value for shareholders. The company stated it is positioning itself for continued growth through 2026 and beyond with upcoming launches across multiple vehicle categories.

Massimo Group manufactures and distributes a range of powersports products including UTVs, ATVs, and mini bikes. The information in this article is based on a company press release statement.

In other recent news, Massimo Group has announced several strategic expansions and partnerships. The company revealed it has secured licensing agreements to sell its products in Oregon and Arkansas, adding over 100 new retail locations to its distribution network. This expansion is anticipated to boost sales, especially during the holiday season, as products are expected to hit these markets by early September. Additionally, Massimo Group disclosed plans to expand its golf cart production to Vietnam. The new partnership in Vietnam will complement the existing production at their facility in Garland, Texas. This move is part of Massimo’s strategy to diversify its supply chain, aiming to improve cost efficiency and quality control. The expansion is also expected to streamline logistics by utilizing ocean routes and port diversification, which could reduce freight variability and lead times. These developments reflect Massimo Group’s ongoing efforts to enhance its operational capabilities and market reach.

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