Net loss was reduced by 53% to $92.0 million in fiscal Q2 from $194.9 million last year on a revenue decline of 9% to $673.9 million from $743.6 million as the company’s turnaround efforts continued to stanch the bleeding on the P&L and balance sheet. Gross margin expanded 700 b.p. to 47.2%, primarily due to an 860 b.p. jump from Connected Fitness to 12.9% on an improved mix of higher margin products, lower warehousing and transportation costs, and a reduction in inventory reserves. Subscription margins were up 60 b.p. to 67.9%. ... Log in to view full article.