Johnson Outdoors Inc. reported a strong start to its fiscal year with a 31% increase in total Company net sales, reaching $140.9 million, driven by successful new product launches and improved market conditions across its segments. The Company significantly reduced its operating loss from $(20.2) million in the prior year to $(2.9) million, primarily due to improved gross margin and cost savings efforts.
Total Company net sales increased 31% to $140.9 million in the first fiscal quarter.
Operating loss improved significantly to $(2.9) million from $(20.2) million in the prior year.
Gross margin improved to 36.6% from 29.9% in the prior year quarter due to better overhead absorption and cost savings.
Net loss per diluted share was $(0.33), a substantial improvement from $(1.49) in the previous year's first quarter.
The Company is focused on strategically managing costs, protecting investments to strengthen the business, and continuing efforts to improve operational efficiency and reduce inventory levels.
Visualization of income flow from segment revenue to net income
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