earnings
confidence high
sentiment negative
materiality 0.85
Johnson Outdoors Q3 net sales down 5% to $203.8M; EPS $1.38 vs $2.83 YoY
JOHNSON OUTDOORS INC
- Net income $14.1M ($1.38 diluted EPS) vs $28.8M ($2.83) last year; operating profit $23.8M vs $38.1M.
- Gross margin fell 9.6 pts to 36.1% on higher material and freight costs from supply chain disruptions.
- Fishing sales -12% (supply chain); Camping +32%, Watercraft +10%, Diving +7%.
- Capital spending $25.1M YTD vs $15.5M; cash $117.6M; regular quarterly dividend approved.
- CEO: markets starting to moderate but orders remain strong; supply challenges persist.