Sales increased 1% at BC’s Fitness segment to $252.2 million from $250.5 million in the second quarter, but operating income dropped 23% to $14.3 million from $18.5 million due to higher freight expenses, gross margin pressure from cost inflation and inefficiencies, and sales mix. The company made progress on its digital initiatives, which aim to add more technology enhancements and connectivity to fitness equipment, signing partnerships with Retro Fitness, Apple, and Orangetheory Fitness. BC sees Fitness revenue up low-single digits for the year, but with declining operating margins in Q3 before stabilizing in Q4. Key customer Planet Fitness moved to ... Log in to view full article.