earnings
confidence high
sentiment positive
materiality 0.80
Johnson Outdoors Q1 net sales up 31% to $140.9M; operating loss narrows to $2.9M from $20.2M
JOHNSON OUTDOORS INC
- Net loss of $(3.3)M or $(0.33) per diluted share vs $(15.3)M or $(1.49) last year.
- Fishing revenue +36%; Camping & Watercraft +12%; Diving +15% all contributed to growth.
- Gross margin improved to 36.6% from 29.9% on better overhead absorption and cost savings.
- Cash and short-term investments of $130.7M; capital spending $4.3M, D&A $5.1M.
- Management cites market stabilization and new product success as drivers.