Nautilus (NLS) Q4 2022 Earnings Call Transcript

Our adjusted working margin price steering was additionally in keeping with the outcomes, at the same time as gross margin continued to be affected by elevated product value, international provide chain value and discounting at first of the fourth quarter. Aina will present extra coloration on this stuff shortly. Turning now to yr one in all North Star. The primary fiscal yr of our transformative North Star technique is full.

Our path to remodel Nautilus into a number one digitally enabled at-home health firm is on monitor, and we’re already showcasing what the long run holds for the enterprise. Our strategic resolution to speed up key investments in our expertise platform and advertising initiatives is paying off. As we enter yr two of North Star, we’re happy with the super progress we have made. I will cowl vital progress throughout all 5 pillars of our technique: consumer-led buyer progress, advancing our linked health experiences embodied in JRNY, worth and agility created by focus and disciplined execution as operators, enchancment within the provide chain and new capabilities and expertise.

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