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Fitness financials: Brunswick's shares hit fresh 52-week low, plus Costco, Sears

Brunswick shares hit a 52-week low, Costco's Q3 profit rose 32 percent, and Sears Holdings swung to a Q1 loss.

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Brunswick’s shares hit fresh 52-week low

Brunswick’s (NYSE: BC) stock slipped to a new 52-week low on May 28 as the economic downturn continues to weigh on the boating industry — a core category for the company, which also owns Life Fitness, Parabody and Hammer Strength.

Shares of Brunswick fell 34 cents, or 2.4 percent, to close at $14.07. The stock hit a new low of $13.92 earlier in the session.

Despite the weaker market, an RBC Capital analyst Edward Aaron said he remains confident in Brunswick’s long-term prospects.

“The company is managing through the downturn by cutting production to bring down pipeline inventory, reducing expenses (head count, wage freezes, etc.) and heavily scrutinizing each of its business units to maximize profitability,” Aaron wrote in a client note.

International markets and non-marine operations are also helping Brunswick combat domestic difficulties, he added. Brunswick’s stock provides an appealing long-term opportunity, according to Aaron, who believes the company is following through with its business plan despite the current difficult environment.

He maintained a “Sector Perform” rating and $18 price target on the stock.

Costco’s Q3 profit up 32 percent

Costco (Nasdaq: COST) reported a 32 percent jump in its fiscal third-quarter profit. Its net income rose to $295.1 million, or $0.67 per share, from $224 million, or $0.49 per share, a year ago, which included a $30.3 million charge.

Sales increased 13 percent to $16.26 billion from $14.34 billion in the year-ago period. Including membership fees, revenue rose to $16.61 billion from $14.66 billion.

Same-store sales rose 4 percent in the United States, excluding gas price inflation. Sales in California, one of the states hardest hit by the housing crisis, were weaker than in other regions, the company said. International same-store sales rose 6 percent, excluding the effect of the weak U.S. dollar.

Sears Holdings swings to Q1 loss

Sears Holdings (Nasdaq: SHLD) posted its second quarterly loss since Kmart acquired Sears stores in 2005, losing $56 million in the first quarter.

Its performance equated to a loss of $0.43 per share, down from a year-ago profit of $223 million, or $1.45 per share. On an adjusted basis, Sears reported a loss of $0.53 per share for the three months ending May 5, compared with profits of $1.15 per share in the same period last year.

Revenues were down nearly 6 percent to $11.1 billion.

Same-store sales dropped 9.8 percent in the United States, while Kmart saw its comparable-store sales fall 7.1 percent. Total domestic comparable store sales declined 8.6 percent.

Also, its board approved the latest in a series of $500 million stock buybacks.

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