earnings
confidence high
sentiment negative
materiality 0.70
Johnson Outdoors Q1 net sales down 22% to $107.6M; operating loss of $20.2M
JOHNSON OUTDOORS INC
- Net loss $15.3M ($1.49 diluted EPS) vs net income $4.0M ($0.38) in prior year.
- Gross margin fell to 29.9% from 38.1% due to unfavorable overhead absorption, product mix, and promotional pricing.
- Fishing revenue -25%, Camping & Watercraft -12%, Diving -10% vs prior year quarter.
- Operating loss of $20.2M vs operating profit of $0.05M in Q1 last year.
- Cash and short-term investments $101.6M; debt-free balance sheet; quarterly dividend declared.