Brunswick Fitness Boosted by ICG in Q2
BC’s Fitness division sales increased 9% to $250.5 million from $229.8 million in the second quarter ended Jul. 1 driven by a 17% gain in international sales from the Indoor Cycling Group acquisition. Organic sales excluding acquisitions were up 6%. U.S. Fitness sales increased 3% to an implied $130.3 million in Q2 benefitting from growth in sales to franchise club customers. EMEA gained 9% to $45.1 million, and Asia Pacific turned in the strongest gains, with sales improving 22% to $75.2 million.
Fitness operating earnings in the quarter declined 23% to $18.5 million from $24.1 million including restructuring, exit and integration ... Log in to view full article.