Brunswick Sees Flat Fitness Results in Q1
The Fitness division had sales of $235.6 million for Q1 ended Apr. 1 compared to $218.3 million, but excluding the impact of acquisitions, sales rose just 1%. Operating income was $18.3 million compared to $20.4 million as this year’s results included a $2.4 million charge in one-time charges against $3.8 million last year. BC said U.S. sales were down excluding the impact of acquisitions on anticipated declines of Cybex although commercial products revenues were stable. International sales were strong, led by Asia/Pacific, and benefitted from the ICG acquisition.
Fitness equipment sales are expected to benefit from the overall expansion of the ... Log in to view full article.