Johnson Outdoors reports FY 2024 net loss of $26.5M on revenue down 11% to $592.8M

JOHNSON OUTDOORS INC

Net loss per diluted share ($2.60) vs net income of $1.90 in FY 2023.
Operating loss of ($43.5M) compared to operating profit of $11.7M last year; includes $11.2M goodwill impairment in Fishing segment.
Revenue declined in all segments: Fishing -8%, Diving -13%, Camping -17%, Watercraft Recreation -29%.
Gross margin fell to 33.9% from 36.8%, driven by lower volumes, unfavorable mix, and promotional pricing.
Balance sheet remains debt-free with $162.0M cash; quarterly dividend of $0.30/share paid Oct 2024.

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