secwatch.observer — SEC 8-K summary
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Issuer:     JOHNSON OUTDOORS INC (JOUT)
CIK:        0000788329
Form:       8-K
Filed at:   2024-02-02T23:59:59+00:00
Accession:  0001171843-24-000536
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Johnson Outdoors Q1 sales down 22% to $138.6M; EPS $0.38 vs $0.57
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- Net sales $138.6M, down 22% YoY; diluted EPS $0.38 vs $0.57; operating profit ~$0.05M vs $5.5M.
- Fishing sales down ~20% on high retail inventories and lower demand; Camping down 49% (half from sale of Military/Commercial tents).
- Diving sales down 8% (6% FX headwind); Watercraft Recreation down 50% on reduced market demand.
- Gross margin improved to 38.1% from 35.2% on lower material costs and freight; cash $114.2M, up $10.8M YoY.
- Company cites tough marketplace, high retail inventories; focusing on cost savings and inventory management.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/788329/000117184324000536/0001171843-24-000536-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/788329/000117184324000536/f8k_020124.htm
  HTML page:      https://secwatch.observer/filing/0001171843-24-000536

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