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Jul 02, 2021
Johnson Outdoors Q3 2021 Earnings Report
Johnson Outdoors experienced increased sales and earnings.
Key Takeaways
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.
Net sales surged 54 percent to $213.6 million.
Operating profit was $38.1 million, a significant increase from the prior year.
Gross margin rose slightly to 45.7 percent.
Net income more than doubled to $28.8 million, or $2.83 per diluted share.
Forward Guidance
The company is focused on managing supply chain issues caused by the COVID-19 pandemic to meet strong demand and investing in strategic opportunities.
Challenges Ahead
- Managing dynamic supply chain issues caused by the COVID-19 pandemic in order to meet strong demand heading into the end of the fiscal year.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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