Nautilus (NLS) Posts Q1 Loss of $0.29/Share
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Nautilus, Inc. Reports Results for the First Quarter 2019
May 6, 2019 4:05 PM EDTVANCOUVER, Wash.--(BUSINESS WIRE)-- Nautilus, Inc. (NYSE: NLS) today reported its unaudited operating results for the three months ended March31, 2019.
Net sales for the first quarter of 2019 totaled $84.4 million, a decrease of 26.5% compared to $114.8 million in the same quarter of 2018. The decrease in net sales was driven by weakness in the Direct segment, down 34.4% from the prior year quarter, primarily reflecting a decline in sales of the Bowflex Max Trainer® product. Retail sales were down 14.4% from the prior year quarter, primarily due to lower order volume from certain customers reducing their inventory... More
