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Nautilus Inc. Message Board

  • gandalfthewiz30 gandalfthewiz30 May 1, 2003 11:19 AM Flag

    Bowflex sales down 15% sequentially!

    Thats 60% annualized! Bowflex unit sales were 54000 in the 4th quarter of 2002 and 46000 in this 1st qtr of 2003. Thats a 8000 unit drop or 15% sequentially and a drop of 13,000 units vs the year earlier or 22%. This was the 3rd quarter in a row of declining Bowflex unit sales.

    Revenue falling, margins falling, earnings falling, and Bowflex sales falling. But other than that everything is great.

    I guess a short squeeze is all you longs can hope for.

    Here is a scary thought: Revenue fell less than 5% but earnings fell 37%!!!!!!!!!!!!! And that includes $20.6 million wasted on a stock buyback

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