The bottom line fell to a $18,214,000 loss against income of $30,404,000 on sales that were down 42% to $119,724,000 from $206,075,000 for the fiscal fourth quarter ended Mar. 31, as a tough comparison against last year met falling at-home fitness demand. Sales were up 41% on a two-year basis. Gross margin was off 2,090 b.p. to 17.5% from 38.4% last year. SG&A inched up 1% to $35,998,000 from $35,540,000, expanding 1,290 b.p. as a percentage of sales to 30.1% from 17.2%. Ad spend and Journey investments led the dollar increase. Inventory closed the quarter at $111.2 million, with about ... Log in to view full article.