Fitness equipment maker Nautilus (NLS) announced its fourth quarter 2017 results. Sales came in at $127.8 million, which inched up 1.6% compared to the prior year period. Sales in the Direct segment increased 10% due to improved sales across the board, while Retail segment slipped 7.5% due to slump in the specialty and commercial side of the business.
Operating expenses spiked up 43.9% to $56 million mainly due to an $8.8 million impairment charge related to the Octane Fitness brand value. The company’s Board has approved $15 million stock repurchase program, which would bring the total repurchases to $30 million.
2017 Results
Revenue remained flat at $406.2 million with Direct segment sales declining 2.5%, while sales in Retail improving 3.3%. Operating income plummeted 32% to $36.3 million. The decrease in operating income compared to the fiscal 2016 was mainly due to the asset impairment charge, lower margins and increased advertising expenses.
Most Popular
Costco (COST) reports higher Q1 2025 sales and profit
Costco Wholesale Corporation (NASDAQ: COST), which operates a chain of membership warehouses, has reported an increase in sales and net profit for the first quarter of 2025. Revenues increased to
Broadcom (AVGO) Q4 2024 adj. profit increases on higher revenues
Semiconductor company Broadcom, Inc. (NASDAQ: AVGO) reported higher revenues and adjusted earnings for the fourth quarter of 2024. Excluding non-recurring items, earnings were $1.42 per share in the October quarter,
Macy’s (M) anticipates caution on discretionary spending will continue in Q4 2024
Shares of Macy’s, Inc. (NYSE: M) stayed green on Thursday. The stock has gained 13% over the past three months. The retailer delivered mixed results for the third quarter of
