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Dec 27, 2019
Johnson Outdoors Q1 2020 Earnings Report
Reported higher sales and double-digit growth in net income during the first fiscal quarter.
Key Takeaways
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.
Total net sales increased by 23% year over year to $128.1 million.
Operating profit was $6.8 million compared to $6.0 million in the prior year.
Net income increased to $6.4 million, or $0.64 per diluted share, versus $3.5 million, or $0.35 per diluted share in the previous year’s first quarter.
Cash and short-term investments totaled $138.3 million as of December 27, 2019.
Johnson Outdoors
Johnson Outdoors
Forward Guidance
The company anticipates moderate sales growth for the full fiscal year and estimates a $4-5 million impact on fiscal 2020 profits due to tariffs on Chinese goods and components.