Article: Boat sales pull down Brunswick: Shares fall 7% after earnings warning.

Byline: James P. Miller

Jul. 13--Shares of Brunswick Corp. dropped sharply Wednesday after the nation's leading recreational boat-maker, citing "significant declines" in sales at the retail level, warned investors that second-half earnings will fall well short of expectations. The downbeat disclosure by the Lake Forest-based manufacturer, whose stock slid more than 7 percent to its lowest close in more than 2 1/2 years, represents unambiguous evidence that rising interest rates and high fuel costs are beginning to take a toll on the boating industry. In view of the "precipitous" deterioration in sales, said Morningstar analyst Marisa Thompson, it appears ...

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