Nautilus (NLS) Q2 2022 Earnings Call Transcript

Our frequent surveys proceed to point that 25% of former health club goers don’t intend to ever return to the health club and that others who say they’ll return to the health club plan to work out extra usually at dwelling than they did pre-pandemic resulting from distant or hybrid work fashions. Exercise place is very correlated with office. We’re seeing these modifications and attitudes play out in shopper habits. For instance, in a latest examine we commissioned, 66% of respondents report that they work out at dwelling versus 43% pre-pandemic.

Linked health and our transformation are nonetheless in early innings. I am proud that we have now positioned ourselves effectively throughout the pandemic for post-pandemic success. We now have a portfolio of recent related merchandise, a strengthened JRNY digital providing with a rising member base, stronger shopper concentrating on, expanded omnichannel distribution, and a stronger group. It’s outstanding what we have now completed within the final two years.

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