Life Fitness, Precor see higher sales and profits
Get the latest sales figures from fitness equipment manufacturers Life Fitness and Precor.
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Fitness equipment manufacturers Life Fitness and Precor reported higher sales and profit for the first quarter 2014.
Precor, owned by Finland-based Amer Sports, lifted sales 1 percent (up 4 percent in local currencies) to EUR 63.3 million ($87.5 million).
Click here for Amer’s full earnings report, which overall, reported sales up 2 percent (up 6 percent in local currencies) to EUR 501.5 million ($693 million), with help from its outdoor and wintersports brands.
Life Fitness, owner by Brunswick Corp. (NYSE: BC), rose sales 6 percent to $175.6 million. The figures also include sibling brand Hammer Strength.
Click here for Brunswick’s full earnings report, which overall, reported sales down 3 percent to $969.2 million on weaker boating sales due to the cooler spring.
Both Life Fitness and Precor also reported higher operating profits for the quarter.
Life Fitness officials credited increased sales to U.S. health clubs and local and federal governments, while international sales slightly fell.
Looking ahead, Brunswick CEO Dustan McCoy sounded an optimistic tone for fitness sector.
“We believe that our fitness segment should continue to benefit from favorable health and fitness trends, as well as solid growth rates in global health club and hospitality businesses,” he said in statement with the April 24 earnings release. “These market conditions, combined with exciting new products, have positioned our fitness business to continue to deliver excellent results and support our increased level of investment spending.”
The third main fitness equipment player on Wall Street, Nautilus Inc, is slated to report its first-quarter earnings in early May.
