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Article Date: July 2017
Word Count: 220

Nautilus Results Decline, but H2 Should Be Better


Net income dipped 29% to $2,489,000 from $3,530,000 in the seasonally small second quarter ended Jun. 30 on sales of $77,029,000, down 2% from $78,529,000 last year from expected declines in the aging TreadClimber line. Gross margin contracted 350 basis points to 49.8%, but NLS held the line on SG&A which had bulged last quarter on new product launch expenses. Despite the tepid performance so far this year, Nautilus expects double-digit sales gains in the back half of 2017 comping against the damage to direct sales from the election-related media flood, and is still guiding for 5%-7% growth in revenues ... Log in to view full article.

 


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