Nautilus (NLS) Q4 2022 Earnings Call Transcript

Aina KonoldChief Monetary Officer

Sure, it is extra associated to the slowdown within the demand and particularly numerous the shifting of the highest line from the primary half to the second half. So it is extra associated to that. We’re truly seeing for inflation. We’re increasing gross margins.

So we’re capable of do issues to type of do some — take some actions in opposition to value. However actually, the primary motive for the decline versus our earlier expectation is the decrease retail reorders, which we expect is affecting the primary half of the yr.

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