Brunswick Corp.

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Weak boat sales sink Brunswick shares

Shares of Brunswick Corp. fell Tuesday on worries that boat sales this year may be weaker than previously expected.

Raymond James analyst Joseph Hovorka said his firm’s survey of Florida, Texas and North Carolina — which represent about 23 percent of the U.S. retail boat market — showed retail boat sales fell 26 percentĀ  in May, putting year-to-date sales down 18 percent, less than the industry was expecting. Get the full story »