earnings
confidence high
sentiment negative
materiality 0.80
Johnson Outdoors Q2 net income falls 64% to $0.97 EPS on 8% sales decline; supply chain hit Fishing
JOHNSON OUTDOORS INC
- Q2 net sales $189.6M (-8% YoY); net income $9.9M ($0.97 diluted EPS) vs $27.8M ($2.74).
- Fishing segment sales down 19% from supply chain disruptions; Camping +35%, Watercraft +29%, Diving +28%.
- Gross margin declined 900 bps to 36.2% from higher materials and inbound freight costs.
- Year-to-date net income $20.8M ($2.04) vs $47.7M ($4.70); supply constraints expected to persist.
- Quarterly dividend maintained; cash $113.2M; capital spending $15.7M vs $9.8M on capacity.