MasterCraft Boat Holdings, Inc. ( MCFT - Free Report ) reported fourth-quarter fiscal 2023 results, with earnings and revenues beating the Zacks Consensus Estimate. However, the top and the bottom line declined on a year-over-year basis. Following the results, shares of the company dropped 12.8% during trading hours on Aug 30. Negative investor sentiments were witnessed as the company reported lower-than-expected demand activity at the retail level. The management stated concerns about elevated interest rates and tightening of credit standards.