Value is showcased with innovative new products
that include a wide variety of available workouts, JRNY®
connectivity, Terrain Control Technology, and an affordable price
point
This year, don’t let the holidays be a burden to your wallet or
waist. Instead, find your best workout at a price you can afford
with two new bikes from Schwinn®, the trusted brand in home fitness
bike technology.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20221107005386/en/
(Photo: Business Wire)
Nautilus, Inc. (NYSE: NLS), an innovation leader in home fitness
for more than 35 years, today introduced the Schwinn® 190 Upright
and Schwinn® 290 Recumbent Bikes. Both bikes are connectable to the
JRNY® digital fitness platform, feature Terrain Control Technology,
and new design elements and functionality suitable for all fitness
levels.
“We know it’s a challenging economy, and our research tells us
that consumers are sticking with home fitness for their health and
wellbeing, even as they’re watching their budgets,” said Jim Barr,
CEO, Nautilus Inc. “Designed with consumers in mind, the Schwinn®
190 and 290 bikes prioritize – rather than sacrifice – the key
features, affordable price point, and functionality that deliver on
their wants and needs.”
Consumers’ long-term habits have shifted over the last two years
to favor home fitness. In fact, 62% of U.S. adults surveyed in
August 2022 by YouGov said they consistently worked out at home –
up from 43% who reported the same at the beginning of 2020.1
“We are continuing to elevate the home fitness experience with
innovative products that deliver on both quality and price,” said
Barr. “Paired with our JRNY® adaptive fitness platform, consumers
can immerse themselves in workouts that adapt to their fitness
level – not just in this moment, but for years to come. We are
helping consumers invest in themselves – in fitness that feels
different.”
The Schwinn® 190 and 290 bikes offer high-performance cardio
combined with the ability to pair the user’s device to the JRNY®
adaptive fitness platform. Terrain Control Technology automatically
adjusts resistance with elevation changes in your ride when you
experience select Explore the World workouts in the JRNY® platform.
The bikes’ built-in media shelf makes it easy to explore new and
personalized JRNY® workout experiences by using a tablet or phone
(available on iOS and Android devices).
Schwinn® 190 Upright and Schwinn® 290 Recumbent
Bikes
The JRNY® adaptive fitness membership provides access to Explore
the World routes, JRNY® radio, and trainer-led workouts. Additional
features include:
- Connected fitness: Connectivity to JRNY® and Zwift apps;
Bluetooth connectivity for speakers, smart devices, and heart rate
monitors
- Comfort: Step-thru design; weighted, strapped pedals;
adjustable handlebars; foam comfort seat
- Convenience: Easy-to-reach media shelf, water bottle holder,
transport wheels, and compact design
The Schwinn® 190 Upright Bike ($899 MSRP) and Schwinn® 290
Recumbent Bike ($999 MSRP) are available for purchase online at
SchwinnFitness.com and at select retailers.
For a limited time, new JRNY® customers will receive a free
trial. Following the free trial, members will subscribe for $149
per year ($19.99/month) to access JRNY® workouts for the Schwinn®
190 Upright Bike and Schwinn® 290 Recumbent Bike on their mobile
device or tablet.
About JRNY® Adaptive Fitness Membership
The JRNY® adaptive fitness membership offers personalized cardio
and whole-body workouts that evolve as you do. It learns with each
use by assessing your fitness level and recommending workouts based
on your abilities, available time, mood and more. With streaming
entertainment, an ever-growing library of whole-body workout
content, and real-time coaching, this fitness experience works
seamlessly with compatible equipment and on your mobile device.
For more information about the JRNY® adaptive fitness
membership, please visit: https://www.jrny.com.
About Nautilus, Inc.
Nautilus, Inc. (NYSE:NLS) is a global leader in digitally
connected home fitness solutions. The Company’s brand family
includes Bowflex®, Nautilus®, Schwinn®, and JRNY®, its digital
fitness platform. With a broad selection of exercise bikes, cardio
equipment, and strength training products, Nautilus, Inc. empowers
healthier living through individualized connected fitness
experiences, and in doing so, envisions building a healthier world,
one person at a time.
Headquartered in Vancouver, Washington, the company’s products
are sold direct to consumer on brand websites and through retail
partners and are available throughout the U.S. and internationally.
Nautilus, Inc. uses the investor relations page of its website
(www.nautilusinc.com/investors) to make information available to
its investors and the market.
Forward-Looking Statements
This press release includes forward-looking statements
(statements which are not historical facts) within the meaning of
the Private Securities Litigation Reform Act of 1995, including:
projected, targeted or forecasted financial, operating results and
capital expenditures, including but not limited to net sales growth
rates, gross margins, operating expenses, operating margins,
anticipated demand for the Company's new and existing products,
statements regarding the Company's prospects, resources or
capabilities; planned investments, strategic initiatives and the
anticipated or targeted results of such initiatives; the effects of
the COVID-19 pandemic on the Company’s business; and planned
operational initiatives and the anticipated cost-saving results of
such initiatives. All of these forward-looking statements are
subject to risks and uncertainties that may change at any time.
Factors that could cause Nautilus, Inc.’s actual expectations to
differ materially from these forward-looking statements also
include: weaker than expected demand for new or existing products;
our ability to timely acquire inventory that meets our quality
control standards from sole source foreign manufacturers at
acceptable costs; risks associated with current and potential
delays, work stoppages, or supply chain disruptions, including
shipping delays due to the severe shortage of shipping containers;
an inability to pass along or otherwise mitigate the impact of raw
material price increases and other cost pressures, including
unfavorable currency exchange rates and increased shipping costs;
experiencing delays and/or greater than anticipated costs in
connection with launch of new products, entry into new markets, or
strategic initiatives; our ability to hire and retain key
management personnel; changes in consumer fitness trends; changes
in the media consumption habits of our target consumers or the
effectiveness of our media advertising; a decline in consumer
spending due to unfavorable economic conditions; risks related to
the impact on our business of the COVID-19 pandemic or similar
public health crises; softness in the retail marketplace;
availability and timing of capital for financing our strategic
initiatives, including being able to raise capital on favorable
terms or at all; changes in the financial markets, including
changes in credit markets and interest rates that affect our
ability to access those markets on favorable terms and the impact
of any future impairment. Additional assumptions, risks and
uncertainties are described in detail in our registration
statements, reports and other filings with the Securities and
Exchange Commission, including the “Risk Factors” set forth in our
Annual Report on Form 10-K, as supplemented by our quarterly
reports on Form 10-Q. Such filings are available on our website or
at www.sec.gov. You are cautioned that such statements are not
guarantees of future performance and that our actual results may
differ materially from those set forth in the forward-looking
statements. We undertake no obligation to publicly update or revise
forward-looking statements to reflect subsequent developments,
events, or circumstances.
1All cited figures, unless otherwise stated, are from a survey
conducted by YouGov Plc on behalf of Nautilus, Inc. Total sample
size was 2,580 adults. The figures have been weighted and are
representative of all US adults (18+). Fieldwork was undertaken
between August 15 – August 30th 2022. Participants completed the
survey online.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20221107005386/en/
Investor Relations: John Mills ICR, LLC 646-277-1254
John.Mills@icrinc.com
Media: John Fread Nautilus, Inc. 360-859-5815
jfread@nautilus.com
Alexa Weber Action Mary (425) 760-6590
alexa.weber@actionmary.com
Nautilus (NYSE:NLS)
Historical Stock Chart
From Jun 2024 to Jul 2024
Nautilus (NYSE:NLS)
Historical Stock Chart
From Jul 2023 to Jul 2024