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Dec 30, 2022
Johnson Outdoors Q1 2023 Earnings Report
Reported higher sales and decreased earnings results.
Key Takeaways
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.
Total Company net sales increased 16 percent to $178.3 million.
Operating profit was $5.5 million versus $13.8 million in the prior year.
Gross margin was 35.2 percent, compared to 39.5 percent in the prior year quarter due to increased cost of sales.
Net income was $5.9 million, or $0.57 per diluted share, versus $10.9 million, or $1.07 per diluted share in the previous year.
Forward Guidance
The company is monitoring consumer buying behavior and focused on filling customer orders as it enters the primary selling season.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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