• Loading stock data...
Thursday, November 14, 2024

Fitness Company Nautilus Considers a Sale

  • Nautilus aims to reach $1 billion in revenue by the end of fiscal 2026.
  • Last month, the company reported first-quarter net sales of $54.8 million.
Nautilus
Nautilus Inc

Fitness equipment company Nautilus is considering a sale of the company as part of a review of strategic alternatives.

Nautilus — maker of gym equipment, exercise bikes, and treadmills as well as the owner of Bowflex and Schwinn indoor cycling bikes — stated the review will “identify opportunities to accelerate the company’s digital transformation … and enhance shareholder value.”

The company aims to reach $1 billion in revenue with 2 million digital members by the end of fiscal 2026. 

  • Nautilus is on pace to reach 500,000 members on its digital fitness platform JRNY by fiscal year-end 2023. 
  • As of June 30, JRNY exceeded 360,000 members.

Last month, the company reported first-quarter net sales of $54.8 million, a 70.3% year-over-year decline but an 11% increase from pre-pandemic Q1FY2020. In the past 12 months, the company’s stock plummeted nearly 84% to a market cap of $52.8 million.

Nautilus doesn’t have a time frame to conclude the board-launched review, which arrives shortly after the company announced board member Anne Saunders would become board chair.

Naut Alone

Nautilus reported multiple record quarters in its last fiscal year, but is now facing tough decisions similar to other connected fitness companies as people return to the gym. 

Peloton, which reported a 28% year-over-year decline in fourth-quarter revenue to $678.7 million, recently announced plans to eliminate nearly 800 jobs. Tonal, which is backed by Serena Williams and LeBron James, announced plans to cut 35% of its workforce in July.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

NBA Cup Courts Receive Mixed Reviews in Year 2 Debut

All 30 teams have special courts for the tournament games.

NHL’s Smallest-Market Team Is Breaking Records, Securing Its Future

Both wins and attendance are way up for the often-overlooked NHL franchise.

NFL TV Ratings Up Big on Major Networks, but There’s a Caveat

This NFL season has been marked by new media trends.

NBA’s Declining Viewership Gets Steph Curry Bump

Last Wednesday’s Warriors-Celtics game averaged 2.14 million viewers.
podcast thumbnail mobile
Front Office Sports Today

Will Drew Brees Return to Broadcasting?

0:00

Featured Today

Former President Donald Trump waves to the crowd as he exits the putting green with his aide Walt Nauta, left, during the final round of the LIV Golf Bedminster golf tournament at Trump National Bedminster on Sunday, Aug. 13, 2023.
opinion

Trump Win Puts Sports Back in the White House

With Trump back in the White House, sports get more political again.
Members of the NY Giants run onto the field to start the game between the New York Giants and the Washington Commanders at MetLife Stadium in East Rutherford on Sunday, Nov. 3, 2024.
November 8, 2024

The NFL Is Becoming the League With No Borders

Where will the NFL go next? International expansion will only get bigger.
November 5, 2024

NFL Center Connor McGovern Is the Heir to a Potato Empire

The NFL vet’s family provides potatoes for McDonald’s, Wendy’s, and others.
Vanderbilt Commodores fans head to the south end zone as the goal post is taken down by exuberant fans after beating No. 1 Alabama 40-35 at Vanderbilt Stadium in Nashville, Tenn., Saturday, Oct. 5, 2024.
opinion
November 2, 2024

Something New in College Football This Year: Parity

Upsets, surprises. CFB is more fun on the field than the NFL.
Peloton Bike

Peloton Earnings Beat Expectations As It Still Loses Subscribers

Peloton tapped Peter Stern, former Ford executive and cofounder of Apple Fitness+, to be its new CEO.
A view of a Nike retail store in New York City.
August 15, 2024

Nike Shares Surge As Bill Ackman Invests, Igniting Turnaround Hopes

The billionaire hedge-fund executive holds significant influence in the market.
September 4, 2024

Under Armour Sells MapMyFitness Back to Founders 11 Years Later

The founders sold the tracking app to the apparel giant in 2013.
Sponsored

How UBS Crafts Impactful Partnerships Across Sports, Arts, and Culture

As UBS continues to expand its impressive array of sports and entertainment partnerships, the company solidifies its position as a leader in wealth management.
August 13, 2024

Federer’s On Brand Continues Surge, Challenging Sportswear Giants

Earnings weren’t all positive for On, causing a dip in its premarket stock price.
Peloton
May 2, 2024

Peloton Timeline: CEO Changes, Layoffs, Recalls, and Falling Stocks

The company has fallen from grace after roaring success in 2020.
October 18, 2023

Peloton To Bring Live Sports To Its Fitness Devices

NBA League Pass will be available to watch on Peloton devices.
August 10, 2023

Alternative Golf Venues Thriving ‘Off-Course’ By Attracting Younger Players

In 2022, 15.5 million people participated in off-course golf activities.