Nautilus, Inc. Reports Results for the Fourth Quarter and Full Year 2018
Nautilus, Inc. (NLS)
Last nautilus, inc. earnings: 2/24 04:05 pm
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nautilusinc.com/investors
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Source: Business Wire
VANCOUVER--(BUSINESS WIRE)-- Nautilus, Inc. (NYSE:NLS) today reported its unaudited operating results for the fourth quarter and full year ended December 31, 2018. Net sales for the fourth quarter of 2018 totaled $115.4 million, a decrease of 9.7% compared to $127.8 million in the same quarter of 2017. The decrease in net sales was driven by a 30.3% decline in the Direct segment partially offset by 16.1% growth in the Retail segment, compared to the same quarter of the prior year, reflecting double-digit growth in the mass retail channel and modest gains in the international and specialty and commercial channels. Direct segment sales were primarily impacted by lower Bowflex Max Trainer® product sales, partially offset by increased sales of the recently introduced Bowflex® LateralX® trainer and strength products. Royalty revenue in the fourth quarter of 2018 increased to $1.0 million compared to $0.6 mill
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