Nautilus (NLS) Q4 2022 Earnings Call Transcript

That pivot has turned out to be on the right track and extremely correlated with those that favor house exercises post-pandemic. In consequence, we’re very proud to have acquired new clients at 3 times the speed in comparison with pre-pandemic, with practically 600,000 new clients in two years in comparison with a pre-pandemic common of about 100,000 per yr. We invested in our high of the {industry} Bowflex model, started to modernize it. And in consequence, buy consideration to this point is up greater than 10%.

We’ve already leveraged this rising buyer listing with a rebuy price that doubled in fiscal ’22 over fiscal ’21 as our clients construct their house gyms. We’ve practically tripled the variety of retail doorways because the onset of the pandemic, added many extra retailers, making it simpler for customers to purchase instantly from us or from a rising set of main retailers. Notably, as I discussed, we now imagine we have now not too long ago develop into the market chief in unit gross sales. Lastly, we have now enhanced the extent of analysis about customers.

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