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Article Date: October 2018
Word Count: 237

Brunswick Fitness Swings to Q3 Loss on Charges


BC’s fitness segment sales increased 5% to $254.0 million from $242.8 million in the third quarter, but the operating result swung to a $0.2 million loss from income of $19.4 million last year. The operating loss included an $8.3 million charge for Cybex along with $3.8 million of other non-recurring charges. The rest of the decline resulted from higher freight costs, unfavorable changes in sales mix, and other expenses impacting gross margin. Brunswick expects flat full-year revenues, in part because of the Planet Fitness sales lost to Precor in Q4, with continued weakness from Cybex. The fitness business is still ... Log in to view full article.

 


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