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Benzinga
Benzinga
Business
Shivani Kumaresan

Brunswick Expects Freedom Boat Club To Surpass 50K Memberships

Freedom (Organization) Brunswick (Organization) BC (Organization) NYSE
  • Brunswick Corp (NYSE:BC) said Freedom Boat Club is expected to surpass 50,000 memberships across its 360 global locations this week.
  • Freedom's 50,000 memberships cover more than 75,000 global members.
  • The company said it has more than doubled its memberships, locations, and the number of boats in its fleet since its acquisition of Freedom in 2019.
  • Freedom's contribution to Brunswick's top line is expected to double in 2022 compared to 2021.
  • Brunswick said its recurring revenue businesses already deliver more than 40% of total company earnings, with a target to exceed 50% by 2025.
  • Price Action: BC shares are trading higher by 1.67% at $73.14 on the last check Monday.
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