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Oct 02, 2020
Johnson Outdoors Q4 2020 Earnings Report
Reported higher sales and operating profit year-over-year due to strong demand in Fishing, Camping and Watercraft Recreation.
Key Takeaways
Johnson Outdoors reported a strong finish to fiscal year 2020, with increased demand in Fishing, Camping, and Watercraft Recreation segments driving higher sales and operating profit in the fourth quarter. Total Company net sales in the quarter increased 58 percent year over year to $164.7 million.
Total Company net sales in the quarter increased 58 percent year over year to $164.7 million.
Operating profit was $19.5 million in the current year fourth quarter versus $1.9 million in the prior year fourth quarter, due largely to increased sales.
Net earnings for the fourth quarter were $15.5 million compared to $3.9 million in fiscal 2019.
Cash and short-term investments of $212.4 million as of October 2, 2020, a $40.1 million increase above the prior year, with no debt on its balance sheet.