Fitness financials: Brunswick plant closure to affect Q4 results, plus Winmark

Fitness financials: Brunswick plant closure to affect Q4 results. Winmark Q3 profit up 42 percent.
Publish date:

Brunswick plant closure to affect Q4 results

Brunswick Corp. (NYSE: BC) said it will lay off 170 employees as it closes an aluminum fishing boat factory in Mississippi. In addition to being involved in the boating industry, Brunswick also owns Life Fitness, Parabody and Hammer Strength.

Brunswick will transfer production of the Triton line boats and add an unspecified number of jobs to its Little Falls, Minn., facility. Its Aberdeen, Miss., plant will close early next year.

Costs for the closure and production transfer will be about $5 million and will be reflected in fourth-quarter results, Brunswick said.

Winmark Q3 profit up 42 percent

Winmark (Nasdaq: WINA), retail franchiser of Play It Again Sports, posted a sharp rise in third-quarter profit due to growth in the number of stores operating under its brands.

Net income rose 42 percent to $1.2 million, or $0.21 per share, from $838,200, or $0.14 per share, a year earlier. Revenue grew 10 percent to $7.95 million from $7.2 million a year earlier.

The company's number of retail stores rose by 3 percent to 855 franchises from 829 a year earlier.

"Our franchise brands continue to grow both in number of stores and royalties," CEO John Morgan said in a statement.

For more information about any public company on this page or its financial reports, as well as to view stock prices updated every 15 minutes, visit the SNEWS® Stock Market Updates. Click on:


Fitness financials: Nautilus 1Q retail sales plummet; Bally shares to be de-listed from NYSE; plus Brunswick/Life, Cybex, Amer Sports/Precor, Matrix Fitness, Life Time Fitness, Everlast, Winmark, GSI Commerce

Nautilus 1Q sales plummet, guidance revised, WSJ notes stock sales by insidersIn a major dive after consecutive quarters of increasing or steady sales, Nautilus has announced that its first quarter of 2007 was bleak, with most of the gloomy results coming from the retail segment. more