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Stock impact report

Nautilus, Inc. Reports Results for the Second Quarter 2019

Nautilus, Inc. (NLS) 
Last nautilus, inc. earnings: 2/24 04:05 pm Check Earnings Report
US:NYSE Investor Relations: nautilusinc.com/investors
Company Research Source: Business Wire
Comprehensive Plan to Improve Direct Business Ready for Q3 2019 LaunchCompany Implements Initiatives with Anticipated Annualized Cost Savings of $5 to $6 million VANCOUVER, Wash.--(BUSINESS WIRE)--Nautilus, Inc. (NYSE: NLS) today reported its unaudited operating results for the second quarter and six months ended June 30, 2019.Net sales for the second quarter of 2019 totaled $59.0 million, a decrease of 21.8% compared to $75.5 million in the same quarter of 2018. The decrease in net sales was largely driven by shortfalls in the Direct segment, down 40.2% from the prior year quarter, primarily reflecting a decline in sales of the Bowflex Max Trainer® product. Retail sales were down 4.4% from the same quarter prior year, primarily due to lower order rates reflecting, we believe, the anticipated transition to new products being introduced and shipped during the third and fourth quarters of 2019. Royalty revenue in the second quarter of 2019 was $0.7 million, a decrease of 51.8% compar Show less Read more
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