Johnson Outdoors Q2 net sales fall 13%; EPS drops to $0.21 from $1.45

JOHNSON OUTDOORS INC

Net sales $175.9M, down 13% from $202.1M; all four segments faced challenging conditions.
Operating loss of $0.25M vs operating profit of $11.4M in prior year Q2.
Diluted EPS $0.21 vs $1.45; net income $2.2M vs $14.9M.
Gross margin declined to 34.9% from 37.3% due to overhead absorption and promotions.
Board approved quarterly dividend; payable April 25 to shareholders of record April 11.

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

JOHNSON OUTDOORS INC reported second fiscal quarter ended March 29, 2024 results: revenue $175.9 million, net income $2.2 million, or $0.21 per diluted share, EPS $0.21 per diluted share.

Period: second fiscal quarter ended March 29, 2024
Revenue: $175.9 million
Net income: $2.2 million, or $0.21 per diluted share
EPS: $0.21 per diluted share
Result: reported results

Exact text from the filing

brands to continue to position Johnson Outdoors for long-term marketplace success.” SECOND QUARTER RESULTS Total Company net sales in the second quarter declined 13 percent to $175.9 million compared to $202.1 million in the prior year second fiscal quarter. All four business segments of the Company faced challenging market conditions and increased competitive

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Source: SEC EDGAR

accession 0001171843-24-002509

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