Nautilus, Inc. Starts 2020 with Encouraging First Quarter Results
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Nautilus (NLS) Tops Q1 EPS by 16c
May 5, 2020 5:20 PM EDTNautilus (NYSE: NLS) reported Q1 EPS of $0.08, $0.16 better than the analyst estimate of ($0.08). Revenue for the quarter came in at $93.7 million versus the consensus estimate of $93.82 million.
First Quarter 2020 Highlights Compared to First Quarter 2019
Net sales were $93.7 million, up 11.0% compared to $84.4 million, driven primarily by strong demand for strength and cardio products, particularly the Bowflex® SelectTech® weights and the new connected-fitness bikes. Additionally, the Company was able to capture the accelerated demand for home fitness resulting from COVID-19 stay-at-home orders in the last few weeks of March through strong omni-channel execution.Operating... More