Sporting Goods Stock Posts Good Results
March 13 2013 - 8:00AM
Marketwired
Markets are bullish on the strength of improved economic condition.
Consumer goods sector has also responded well to the stimuli.
Various specialty retail stores have announced good results. Pool
Corp. (NASDAQ: POOL) narrowed down its quarterly loss and its stock
posted good returns. The company is also expecting better results
for the current financial year. Nautilus Inc. (NYSE: NLS) also
posted positive quarterly results. The company is now looking to
expand its reach in the market through licensing deals. Overall
scenario in the sporting goods segment looks upbeat and is expected
to continue the momentum.
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Nautilus Inc. reported strong results for its fourth quarter.
The company reported its revenue for the quarter at $65 million,
in-line with the consensus estimates. Its EPS stood at 23 cents per
share which is a growth of 109 percent from its prior year
quarter's EPS of 11 cents. Nautilus also improved its gross margin
to 48.3 percent and its net margin to 20.9 percent. For its first
quarter, the company expects to earn $55.2 million in revenue and
its EPS is likely to remain at 11 cents per share.
The company is also increasing its operations and has recently
decided to license its brands. It has hired an agency to market its
Bowflex and Nautilus brands. The company CEO stated, "We see great
potential in expanding these brands through new licensing
opportunities that will deliver high quality fitness solution
products to consumers... "
The company already has a licensing deal with Med-Fit Systems
Inc., which is set to expire later this year. The stock has grown
99 percent hitherto this year while its 52 weeks gain stands at
164.77 percent. Nautilus expects its top-line to strengthen and the
stock may show the impact of these positive results.
Conversely, Pool Corp. narrowed down its net loss for the fourth
quarter of the year. The company reported 17 cents per share in net
loss, down from 21 cents per share in loss it had suffered for the
corresponding quarter of the last year. Pool Corp. also reported
13.5 percent increase in its quarterly results. Its revenue for the
quarter stood at $306.8 million. The company showed overall
improvement as its gross profit also increased 10 percent to $88.9
million. For its full year, Pool Corp. earned $1.85 per share in
net income while its net sales touched $1.95 billion.
The stock has grown more than 13 percent so far in 2013,
outperforming broader markets. The company also provided 1.36
percent dividend yield, offering good returns to its investors. It
recently paid 16 cents per share in quarterly dividend. Pool Corp.
expects its FY2013 earnings to be in the range of $2.13 and $2.23
per share and the stock is expected to perform well on the back of
improved results. The company has improved its EPS in the past
three years and the trend is likely to continue.
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