Nautilus, Inc. Announces Preliminary First Quarter 2020 Sales Results
Nautilus, Inc. (NLS)
Last nautilus, inc. earnings: 2/24 04:05 pm
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Source: Business Wire
First Quarter 2020 Sales Increase by Approximately 11%, Driven by Strength of Bowflex and Schwinn BrandsRetail Segment Delivers Strong Sales Growth and Direct Segment Breaks Negative Streak Company Raises First Quarter 2020 Guidance VANCOUVER, Wash.--(BUSINESS WIRE)--Nautilus, Inc. (NYSE: NLS) today reported preliminary first quarter 2020 sales results and offered a brief business update given the unprecedented environment related to the coronavirus disease 2019 (“COVID-19”).First Quarter 2020 Preliminary Net Sales ResultsPreliminary net sales for the first quarter of 2020 were approximately $94 million, up 11% versus the same quarter in 2019, the first time quarterly sales have grown year-over-year since Q3, 2018. This increase was driven by the power of the Bowflex and Schwinn brands, recent strategic and operational changes, disciplined execution, and a near-term trend toward home fitness.Segment SalesDirect SegmentPreliminary Q1, 2020 net sales were approximately $47 million, u
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