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Dec 27, 2024
Johnson Outdoors Q1 2025 Earnings Report
Johnson Outdoors' first quarter results for fiscal year 2025 were reported, showing a decline in sales and profitability due to market challenges and a cautious retail environment.
Key Takeaways
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.
Net sales decreased by 22% to $107.6 million compared to the prior year.
Operating loss was $(20.2) million, a significant decline from the prior year's operating profit of $0.05 million.
Net loss was $(15.3) million, or $(1.49) per diluted share, compared to net income of $4.0 million, or $0.38 per diluted share, in the previous year’s first quarter.
Gross margin decreased to 29.9 percent, compared to 38.1 percent in the prior year quarter.