earnings
confidence high
sentiment negative
materiality 0.70
Johnson Outdoors Q1 net sales up 16% to $178.3M, but EPS falls to $0.57 from $1.07
JOHNSON OUTDOORS INC
- Net sales rose 16% YoY to $178.3M; diluted EPS dropped to $0.57 from $1.07.
- Gross margin contracted to 35.2% from 39.5% due to high material and freight costs.
- Fishing sales climbed 27%; Camping fell 18%; Watercraft Recreation fell 34%; Diving rose 16%.
- Operating profit $5.5M (prior year $13.8M); net income $5.9M ($10.9M).
- Cash and short-term investments $103.4M; quarterly dividend declared payable Jan 26, 2023.