All Nautilus articles – Page 2
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News briefsNautilus turns to financial advisory firm
Nautilus Inc. of Vancouver has retained the financial advisory firm Evercore to review its business and, in the words of our colleagues at the American edition of SGI, “help it figure out a new way forward now that its pandemic-fueled, record sales levels have come crashing back to earth.” Troubles ...
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Infographics & DataLeading sports equipment brands 2021
This exclusive chart and data can be downloaded by our Premium Members.
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ArticleAnalysis: Sporting Goods Scorecard Q2 2022 - The top performers by sales and profit
Our Scorecard includes the revenue and profit development of 43 major sporting goods companies.
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Infographics & DataSporting Goods Scorecard Q2 2022 - The top performers by sales and profit
This exclusive chart and data can be downloaded by our Premium Members.
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ArticleNautilus maintains H2 outlook despite tough Q1
Nautilus Inc. is maintaining its expectations for the second half of its financial year, which include positive adjusted Ebitda and 60 to 70 percent of its annual revenues fueled by advertising support – after reporting dismal results in its seasonally slow first quarter. Impacted by a nearly $27 million ...
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News briefsNautilus appoints new board chair
Source: Nautilus, Inc Anne Saunders Anne Saunders, a longtime board member at Nautilus, was appointed company chair last week to replace the retiring M. Carl Johnson, III, who has held the position since 2011. Saunders had previous senior executive positions with global florist FTD, Starbucks and NakedWines.com.
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ArticleAnalysis: Sporting goods industry stocks down more than 14% in Q2 2022
According to SGI Europe’s quarterly study of 38 select sporting goods industry stocks, the decline was less than the 16.25 percent average decline in the first quarter of 2022, when 34 out of 36 stocks posted a stock price drop from the end of the fourth quarter. Five of the ...
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Infographics & DataSporting Goods Scorecard Q1 2022 - The top performers by sales and profit
This exclusive chart and data can be downloaded by our Premium Members.
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ArticleNautilus reports Q4 loss as retail re-orders drop
Nautilus recorded an operating loss of $21.9 million against an operating profit of $39.7 million in the fourth quarter as retail re-orders were depressed. Gross margin slid to 17.5 percent from 38.3 percent, a factor that the company blamed on higher product costs, logistics, increased discounting, and additional investments in ...
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ArticleHow can home fitness and commercial fitness coexist?
Severely impacted by the Covid pandemic, which has led to their closure and to a boom in home fitness all over the world, fitness studios and other types of membership-based gyms are being led to establish new connections with the home fitness industry while looking for new sources of revenues. ...
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ArticleNautilus will push subscriptions, focusing on two brands
Recent consumer research has convinced Nautilus’ management that the traditional home fitness-oriented customers addressed by the company have become “enthusiastic cross-trainers” who are looking for home gear to supplement their gym or outdoor exercise routines, building up to a larger addressable market. In fact, the retail channel has grown to ...
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Article
A stellar year for Nautilus
Nautilus just had one of the best years in its history, due to customers shifting to home equipment during the pandemic, as numerous gyms were temporarily closed. The company posted net income of $28.9 million in the fourth quarter, up from $3.5 million in the year-ago period, as sales soared ...
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News briefs
Nautilus changes year-end to March 31
The board of directors of Nautilus has decided to change the end of the company’s 12-month fiscal year from Dec. 31 to March 31. It justified the decision with the fact that the primary season for fitness equipment deliveries runs from October to March. Furthermore, its new fiscal year is ...
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Article
Nautilus reaches record profits thanks to home fitness
As numerous gyms temporarily closed due to Covid-19, Nautilus experienced strong year-over-year sales increases in the third quarter with customers shifting to home equipment. New customer acquisition was up seven times during the quarter, leading the demand for many of the company’s home fitness products to continue to outpace the ...
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News briefs
Nautilus hires new chief digital officer
Nautilus hired Garry Wiseman on Oct. 26 to be its senior vice president and chief digital officer. He will be overseeing JRNY – the platform that creates tailored home workouts – and the direct-to-consumer e-commerce business while also helping with the company’s digitalization. Wiseman is coming off a nearly four-year ...
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News briefs
Nautilus sells Octane Fitness
True Fitness Technology acquired Octane Fitness from Nautilus for $25 million on Oct. 14, assuming $3 million in warranty liabilities and $0.5 million in vendor recourse lease obligations. The chief executive of Nautilus, Jim Barr, says in the company’s press release that the sale should “streamline our operations and accelerate ...
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News briefs
Nautilus introduces a leaning stationary bike
Nautilus is introducing a stationary bike that can simulate the side-to-side rocking of regular outdoor bicycles. The Bowflex VeloCore can be ridden in two modes – lean and stationary (meaning fixed) – thanks to a proprietary lock-out device, whose patent is pending. A touch screen links to the JRNY subscription ...
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News briefs
Nautilus to expand its distribution in EMEA
Nautilus Inc., owner of the Bowflex, Schwinn, Nautilus and Octane Fitness brands, has signed a deal with a multinational freight company, SEKO Logistics, to expand its distribution in the U.K. and the EMEA region in general. In the fourth quarter of this year SEKO will be expanding into a new ...
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ArticleExecutive Survey: Sports and outdoor brands are pushing DTC
While experiencing generally lower orders from retailers, primarily because of the coronavirus outbreak, more than two-thirds of sports and outdoor brands responding to our survey intend to further develop their own direct-to-consumer (DTC) operations, relying more on their own websites than on those of third-party e-tailers.
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Article
Nautilus’ momentum accelerates
Swimming against the tide, Nautilus recorded one of its best results in the second quarter, thanks to strong demand for home fitness equipment. Sales surged by 94 percent to $114.2 million. Cardio and strength product proved popular from the start of the coronavirus-related lockdowns, particularly connected-fitness bikes, the company’s Max ...
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