Johnson Health Tech, a prominent player in the fitness equipment industry, recently unveiled its financial achievements for March, showcasing a remarkable revenue of NT$3.24 billion. This figure represents a substantial monthly surge of 32% and an impressive annual growth of 12.3%. The first quarter of the year echoed this success, with cumulative revenue reaching NT$7.97 billion, up 13.3% compared to the same period last year.
This financial upturn is attributed to robust sales in both the commercial and household sectors. Notably, the company experienced exponential revenue growth in Latin America’s commercial market, primarily due to the burgeoning gym industry and an enhanced supply chain in the region. The household market in the United States also contributed significantly, with sales through large-scale retail, e-commerce, and Qiaoshan’s own stores witnessing substantial annual growth. These achievements have culminated in the highest March and first-quarter revenues in the company’s history.
Johnson Health is not resting on its laurels, however. The company announced the upcoming launch of 32 new products under its Vision brand, targeting the commercial sector. These offerings, spearheaded by a novel weight training product series, aim to cater to small and medium-sized gyms, promising a broader product selection for commercial customers.
In a strategic move to bolster its market position, Johnson Health revealed its recent acquisition of the BowFlex brand and certain assets from a fitness equipment company for US$37.5 million. This acquisition, finalized on April 5, Eastern Time, marks a significant milestone in Johnson Healthn’s business development strategy. The company awaits the finalization of the bidding process, pending a potential objection hearing set by a New Jersey court in the United States, anticipated to conclude by April 15.
Johnson Health’s strategic expansions and product innovations underscore its commitment to capitalizing on the global fitness trend. By diversifying its product range and strengthening its global brand portfolio, Qiaoshan is poised for continued growth and market leadership in the evolving fitness equipment industry.
