Overview
- Johnson Outdoors reported a quarterly beat with sales up 16% to $194.5 million and earnings of $0.89 per share versus $0.87 expected.
- Profitability improved as operating income rose to $10.3 million and gross margin reached 38.8% from 35% a year earlier.
- Demand was broad-based with Fishing up 18%, Diving up 9%, and Camping and Watercraft Recreation up 1%.
- The company ended the quarter with $107.9 million in cash after paying its regular dividend on April 30.
- Shares slipped about 2.5% to $52.19 near a 52-week high after management flagged higher costs and a modest inventory build.