Johnson Outdoors Earnings Reports

Q4 results showed a strong revenue rebound with improved margins and lower operating losses, though the company remained in the red.

Johnson Outdoors delivered a solid Q3 performance, highlighted by a 5% year-over-year increase in revenue and significant improvement in operating income. The Fishing segment led growth with successful new product launches, while improved gross margin and lower operating expenses supported earnings recovery.

Johnson Outdoors reported a 22% decrease in net sales to $107.6 million, and an operating loss of $20.2 million compared to an operating profit of $0.05 million in the prior year. The company experienced a net loss of $15.3 million, or $1.49 per diluted share, versus a net income of $4.0 million, or $0.38 per diluted share in the previous year’s first quarter.

Johnson Outdoors reported a net sales increase in Q4, but experienced a significant operating loss due to lower gross margins and increased operating expenses, including a goodwill write-off.

Johnson Outdoors reported a decrease in net sales and operating profit for the third fiscal quarter due to challenging marketplace conditions and lower consumer demand. The company is focusing on cost savings and strategic investments to improve financial results and position for long-term growth.

Johnson Outdoors reported a decrease in net sales by 13% to $175.9 million and an operating loss of $0.25 million for the second quarter. The company faced challenging market conditions across all segments and is focusing on cost structure improvements and new product launches.

Johnson Outdoors reported a decrease in net sales by 22% to $138.6 million and a decrease in net income to $4.0 million, or $0.38 per diluted share, due to high retail inventory levels and lower consumer demand.

Johnson Outdoors reported lower revenue and earnings for fiscal year 2023, with Q4 being significantly impacted by slower demand. Total Company revenue fell 11 percent to $663.8 million, while operating profit decreased $54.6 million, or 82 percent, and net income fell $25.0 million, or 56 percent, over the prior fiscal year.

Johnson Outdoors reported a decrease in net sales by 8% to $187.0 million, reflecting moderating demand. However, net income increased to $14.8 million, or $1.44 per diluted share, driven by improved gross margins due to price increases and lower costs.

Johnson Outdoors announced a 7% increase in net sales to $202.1 million and a rise in net income to $14.9 million, or $1.45 per diluted share, for the second fiscal quarter ending March 31, 2023. The results were driven by improved supply chain conditions and increased travel in the Diving business, while the Camping and Watercraft Recreation businesses experienced softer markets.

Johnson Outdoors reported a 16% increase in net sales to $178.3 million but a decrease in operating profit to $5.5 million and net income to $5.9 million, or $0.57 per diluted share, for the first fiscal quarter ending December 30, 2022.

Johnson Outdoors reported an 18% increase in net sales for the fiscal fourth quarter, driven by improved supply availability in the Fishing business. However, operating profit declined slightly due to increased material costs and inventory reserves.

Johnson Outdoors reported a decrease in net sales by 5% to $203.8 million and a decrease in net income to $14.1 million, or $1.38 per diluted share, compared to the prior year's third quarter. The company faced challenges due to moderating markets and ongoing global supply chain issues, particularly in the Fishing business.

Johnson Outdoors reported a decrease in net sales by 8% to $189.6 million and a decrease in net income to $9.9 million, or $0.97 per diluted share, due to ongoing global supply chain challenges and increased costs.

Johnson Outdoors reported a decline in sales and earnings for the first fiscal quarter ending December 31, 2021, with net sales decreasing by 7% to $153.5 million compared to the prior year. Despite strong demand, the company faced challenges in managing supply chain issues and uncertainties related to the pandemic.

Johnson Outdoors reported a slight increase in net sales for the fourth quarter compared to the previous year's strong results. However, operating profit and net earnings declined due to increased tariffs, inbound air freight costs, and higher cost of goods sold.

Johnson Outdoors reported a strong third quarter with a 54% increase in net sales to $213.6 million and net income more than doubled to $28.8 million, driven by strong demand in Fishing, Camping, and Watercraft Recreation, and recovery in Diving.

Johnson Outdoors Inc. announced a surge in net sales by 26% to $206.2 million and an increase in net income to $27.8 million, or $2.74 per diluted share, during the second fiscal quarter ending April 2, 2021, driven by strong demand for outdoor recreation equipment.

Johnson Outdoors reported a strong first fiscal quarter with net sales increasing by 29% to $165.7 million and net income rising to $19.8 million, driven by high demand in the Fishing, Camping, and Watercraft Recreation segments.

Johnson Outdoors reported a strong finish to fiscal year 2020, with increased demand in Fishing, Camping, and Watercraft Recreation segments driving higher sales and operating profit in the fourth quarter. Total Company net sales in the quarter increased 58 percent year over year to $164.7 million.

Johnson Outdoors reported a decrease in net sales and net income for the third quarter of 2020 compared to the prior year, primarily due to the COVID-19 pandemic's impact on operations. Strong performance in Fishing, Watercraft Recreation, and Camping during May and June was unable to fully offset the negative effects of stay-at-home mandates during the primary selling season.

Johnson Outdoors reported a decrease in net sales by 8% to $163.1 million and a decrease in net income to $20.4 million, or $2.02 per diluted share, during the second fiscal quarter ending March 27, 2020, due to temporary suspensions across Company operations.

Johnson Outdoors reported a positive start to the year with a 23% increase in total net sales, reaching $128.1 million, and a rise in net income to $6.4 million, or $0.64 per diluted share.