Nautilus Sets Five-Year Plan
Nautilus rolled out its five-year North Star plan during its 2021 Investor day, laying out a focus on product consolidation, omnichannel selling and digital connected fitness subscriptions. The company looks to hit $1 billion in revenue, a five-year CAGR of 10% and digital subscriptions accounting for 20% of revenue by Mar. 2026. JRNY connected fitness subscriptions are guided to hit 2 million members by that time to fulfill the 20% penetration goal. The high-margin subscription revenue stream combined with revamped product portfolio and omnichannel selling are expected to translate to steady 10% operating margins, shoring up the long volatile top ... Log in to view full article.