Nautilus Announces Strong Preliminary Results for the Fourth Quarter
January 27 2012 - 7:00AM
Business Wire
January 27, 2012 – Nautilus, Inc. (NYSE: NLS) announced its
preliminary, unaudited results for the quarter and year ended
December 31, 2011.
For the fourth quarter of 2011, Nautilus expects to report net
sales of approximately $60.3 million, up 12% from the same period
of 2010. For the full year 2011, net sales are expected to be
approximately $180.7 million, up 7% from 2010.
Sales for the fourth quarter of 2011 increased in both the
Direct and Retail businesses. Direct sales are expected to be
approximately $32.0 million for the quarter, up 13% from the same
period in 2010. Retail sales are expected to be approximately $26.5
million for the quarter, up 11% from the same period in 2010.
Royalties for the quarter were approximately $1.8 million, an
increase of 15% over prior year.
“We’re very pleased to see strong sales growth in the fourth
quarter of 2011 driven by increased demand in both our Direct and
Retail businesses,” said Bruce M. Cazenave, CEO of Nautilus, Inc.
“The increased demand was across a broad base of our product lines.
New products, including refreshed products, played a big part in
the sales growth we achieved. We look forward to sharing further
details in our upcoming earnings release and quarterly conference
call.”
Nautilus plans to report its full final financials for the
fourth quarter and full year 2011 in March 2012.
About Nautilus, Inc.
Headquartered in Vancouver, Washington, Nautilus, Inc. (NYSE:
NLS) is a global fitness products company providing innovative,
quality solutions to help people achieve a healthy lifestyle. With
a brand portfolio including Nautilus®, Bowflex®, TreadClimber®,
Schwinn®, Schwinn FitnessTM and Universal®, Nautilus markets
innovative fitness products through Direct and Retail channels.
Websites: www.nautilusinc.com, www.bowflex.com,
www.treadclimber.com and www.corebody.com.
Forward-Looking Statements
This press release includes forward-looking statements
(statements which are not historical facts) within the meaning of
the Private Securities Litigation Reform Act of 1995, including
statements regarding: expected results of operations for the
quarter and year ended December 31, 2011; the anticipated release
of the Company’s final operating results for such periods;
expectations of future increases in sales; and the anticipated
introduction of new products. Factors that could
cause Nautilus, Inc.'s actual results to differ
materially from these forward-looking statements include: our
ability to hire and retain key executive talent; our ability to
timely acquire inventory of suitable quality from sole source
foreign manufacturers at acceptable costs; the availability and
price of media time consistent with our cost and audience profile
parameters; a decline in consumer spending due to unfavorable
economic conditions; the availability of credit for our customers
who finance their purchases; and our ability to effectively
develop, market and sell new products. Additional assumptions,
risks and uncertainties are described in detail in our registration
statements, reports and other filings with the Securities and
Exchange Commission, including the "Risk Factors" set forth in our
Annual Report on Form 10-K, as supplemented by our quarterly
reports on Form 10-Q. Such filings are available on our website or
at www.sec.gov. You are cautioned that such statements are not
guarantees of future performance, and that actual results or
developments may differ materially from those set forth in the
forward-looking statements. We undertake no obligation to publicly
update or revise forward-looking statements to reflect subsequent
events or circumstances.
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