Financial Data and Key Metrics Changes - The first quarter sales results reflect a challenging comparison due to the load-in of the Minn Kota QUEST trolling motor line in the previous first quarter [14] - Gross margin was negatively impacted by increased promotional pricing, unfavorable overhead absorption, and unfavorable product mix [14] - Operating expenses decreased by $400,000 compared to the prior year due to lower sales volumes and decreased expenses on the company's deferred compensation plan [15] - Inventory balance as of December was $201.6 million, down about $66 million from last year's first quarter [16] - The company remains debt-free, which is a strong competitive advantage [16] Business Line Data and Key Metrics Changes - The camping business is performing better relative to the watercraft business, with a slight positive trend in camping [31] - The paddling market remains challenged, impacting the watercraft segment [31] Market Data and Key Metrics Changes - The retail environment is cautious, with mixed inventory levels among partners, some having healthy positions while others have excess inventory [28] - There is cautious ordering in the market, making it difficult to predict future conditions [29] Company Strategy and Development Direction - The company is focused on innovation, operational efficiencies, and e-commerce to drive future growth [6][12] - A recent acquisition in the diving segment is expected to enhance manufacturing efficiency and innovation [9][25] - The company is investing in a digital commerce center to enhance e-commerce capabilities [12] Management's Comments on Operating Environment and Future Outlook - Management acknowledges ongoing marketplace challenges and competitive pressures, indicating that these conditions are not expected to improve soon [5][6] - There is optimism about new product reception, although the market remains unpredictable [29] Other Important Information - The company is actively working on cost savings initiatives, including product design improvements and factory efficiency [33] - Management is developing mitigation strategies in response to new tariffs, leveraging their U.S.-based manufacturing [11][37] Q&A Session Summary Question: Revenue performance and pricing versus unit volumes - Revenue came in above estimates, but both unit volumes and pricing were affected by discounting [20][21] Question: Details on the diving acquisition - The acquisition was completed smoothly, with a purchase price of around $14 million, enhancing operational efficiency [22][25] Question: Early indications for incoming orders and retail inventory levels - Inventory levels are mixed, with cautious ordering due to market unpredictability [27][28] Question: Performance of camping and watercraft segments - The camping business is showing slight growth, while the watercraft segment remains challenged [30][31] Question: Impact of cost savings initiatives - Cost savings initiatives have positively impacted the first quarter, although masked by discounting [32][34] Question: Exposure to tariffs and mitigation strategies - The company has exposure to tariffs from imports and is working on mitigation strategies leveraging its U.S. operations [36][37]

Core Viewpoint - Johnson Outdoor reported a quarterly loss of $1.49 per share, which was worse than the Zacks Consensus Estimate of a loss of $1.30, and a significant decline from earnings of $0.38 per share a year ago, indicating ongoing financial struggles for the company [1][2] Financial Performance - The company posted revenues of $107.65 million for the quarter ended December 2024, exceeding the Zacks Consensus Estimate by 2.82%, but down from $138.64 million in the same quarter last year [2] - Over the last four quarters, Johnson Outdoor has consistently failed to surpass consensus EPS estimates, with a notable earnings surprise of -14.62% this quarter and a previous quarter surprise of -241.84% [1][2] Stock Performance - Johnson Outdoor shares have declined approximately 1.8% since the beginning of the year, contrasting with the S&P 500's gain of 2.7%, indicating underperformance in the market [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.66 on revenues of $178.2 million, while for the current fiscal year, the estimate is -$0.25 on revenues of $592.06 million [7] - The trend of estimate revisions for Johnson Outdoor is currently unfavorable, resulting in a Zacks Rank 4 (Sell), suggesting that the stock is expected to underperform the market in the near future [6] Industry Context - The Leisure and Recreation Products industry, to which Johnson Outdoor belongs, is currently ranked in the bottom 36% of over 250 Zacks industries, which may negatively impact the stock's performance [8]

Financial Performance - Total Company net sales in the first fiscal quarter declined 22% to $107.6 million compared to $138.6 million in the prior year first fiscal quarter [4]. - Total Company operating loss was $(20.2) million for the first fiscal quarter, a significant decline from an operating profit of $0.05 million in the prior year [5]. - 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 [6]. - Gross margin decreased to 29.9% from 38.1% in the prior year quarter, primarily due to unfavorable overhead absorption and increased promotional pricing [5]. Revenue Breakdown - Fishing revenue decreased 25% to $82.5 million, while Camping & Watercraft Recreation sales were down 12% to $9.5 million [9]. - Diving sales decreased 10% to $15.7 million, driven by softening market demand across all geographic regions [9]. Cash and Investments - Cash and short-term investments totaled $101.6 million as of December 27, 2024, down from $109.6 million in the prior year [7]. Operating Expenses and Tax - Operating expenses were $52.4 million, a slight decrease of $0.4 million from the prior year period [5]. - The effective tax rate was 19.2%, down from 33.0% in the prior year first quarter [6]. Future Plans - The Company plans to expand cost savings initiatives and improve inventory management to mitigate profit losses [8].

Johnson Outdoors Inc. (JOUT) is scheduled to report first-quarter fiscal 2025 results on Feb. 3, before market open. In the last reported quarter, the company’s earnings missed the Zacks Consensus Estimate by 241.8%.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.Trend in JOUT’s Estimate RevisionThe Zacks Consensus Estimate for the to be reported quarter’s loss per share have widened to $1.30 from a loss of $1.27 in the past 30 days. In the year ago quarter, the company reported adj ...

Wall Street expects a year-over-year decline in earnings on lower revenues when Johnson Outdoor (JOUT) reports results for the quarter ended December 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on February ...

Company Announcement - Johnson Outdoors Inc will release its Fiscal 2025 first quarter financial results on February 3 2025 before market open [1] - A conference call and audio webcast will be held at 11:00 a m Eastern Time on the same day to discuss the financial results and provide a company update [1] - A live listen-only webcast of the conference call can be accessed on Johnson Outdoors' home page [2] - A replay of the webcast will be available on the Investor section of the company's website for 30 days [2] Company Overview - Johnson Outdoors is a leading global innovator of outdoor recreation equipment and technologies [3] - The company designs manufactures and markets consumer-preferred brands across four categories: Watercraft Recreation Fishing Diving and Camping [3] - Iconic brands under Johnson Outdoors include Old Town canoes and kayaks Carlisle paddles Minn Kota trolling motors Cannon downriggers Humminbird marine electronics SCUBAPRO dive equipment and Jetboil outdoor cooking systems [3] Contact Information - Patricia Penman can be contacted at 262-631-6600 for further inquiries [5]

Annual Shareholders Meeting - Johnson Outdoors Inc will hold its Annual Shareholders meeting on February 27 2025 at 8:00 a m Central Standard Time [1] - The meeting will be a completely virtual meeting accessible to shareholders of record as of December 19 2024 [1] - Shareholders can attend vote and submit questions during the live webcast by visiting www virtualshareholdermeeting com JOUT2025 and entering their 16-digit control number [1] - A live listen-only webcast of the Annual Meeting can also be accessed at Johnson Outdoors home page with a replay available for 30 days [2] Proxy Statement and Annual Report - Information pertinent to the items to be voted upon during the Annual Meeting will be available in the Proxy Statement mailed to shareholders of record on or about January 10 2025 [3] - The Proxy Statement will be filed with the Securities and Exchange Commission on the same date [3] - The Company's Annual Report and Proxy Statement will also be available on the Company's website at www johnsonoutdoors com under Investors [3] Company Overview - Johnson Outdoors Inc is a leading global innovator of outdoor recreation equipment and technologies [4] - The company designs manufactures and markets a portfolio of consumer-preferred brands across four categories: Watercraft Recreation Fishing Diving and Camping [4] - Iconic brands include Old Town canoes and kayaks Carlisle paddles Minn Kota trolling motors shallow water anchors and battery chargers Cannon downriggers Humminbird marine electronics and charts SCUBAPRO dive equipment and Jetboil outdoor cooking systems [4]

Core Insights - The article emphasizes the importance of consulting qualified investment advisors before making any trading decisions, highlighting that the opinions expressed are not investment recommendations [2][3] Group 1 - The author has no stock, option, or similar derivative positions in any of the companies mentioned, nor plans to initiate such positions within the next 72 hours [1] - The article is intended for informational purposes only and does not constitute an investment research report [2] - The analysis presented is based on incomplete information and is limited in scope and accuracy [2][3] Group 2 - The views and opinions expressed may not reflect those of Seeking Alpha as a whole, indicating a diversity of perspectives among analysts [3] - The article does not provide guarantees regarding the accuracy or completeness of the information and data presented [2][3] - Past performance is noted as no guarantee of future results, underscoring the inherent uncertainties in investment [3]

Fishing Segment - The company's Fishing segment generates the majority of its sales from North America, with key brands including Minn Kota, Humminbird, and Cannon, sold through large outdoor specialty retailers, distributors, and direct-to-consumer channels[16] - The company's Fishing segment includes Minn Kota, Humminbird, and Cannon brands, with sales primarily in North America through retailers like Bass Pro Shops and Cabela's[16] - The company's Fishing segment faces competition from brands like Lowrance, Garmin, and Power-Pole, with a focus on technological innovation and product quality[34] - The company's main competitors in the Fishing segment include Lowrance, Garmin, and Power-Pole, with competition focused on technological innovation and product quality[34] Camping Segment - The company plans to fully exit the Eureka! brand by the end of 2024, focusing future Camping segment resources on the Jetboil product line[18] - The company's Camping segment focuses on the Jetboil product line after exiting the Eureka! brand, with plans to wind down operations by the end of 2024[18] - The company's Camping segment competes with MSR in the portable outdoor cooking systems market, emphasizing product size, weight, and reliability[36] Watercraft Recreation Segment - The company's Watercraft Recreation segment markets canoes, kayaks, and accessories under the Old Town brand, primarily sold in the U.S. and Canada through specialty dealers and direct-to-consumer channels[23] - The company's Watercraft Recreation segment includes Old Town canoes and kayaks, sold through specialty dealers and online channels[23] - The company's Watercraft Recreation segment competes with brands like Hobie and Pelican International in the kayak and canoe market, focusing on design, performance, and price[37] - In the Watercraft Recreation segment, the company competes with Hobie, Pelican International, Wenonah Canoe, Jackson Kayak, and Legacy Paddlesports, focusing on product design and performance[37] Diving Segment - The company's Diving segment markets SCUBAPRO diving equipment to premium recreational and technical diving markets, sold through specialty dive stores and direct-to-consumer channels[26] - The company's Diving segment markets SCUBAPRO products to recreational and technical divers, sold through specialty dive stores and online[26] - The company's Diving segment competes with Aqua Lung and Suunto in the life support product category, emphasizing innovation, performance, and safety[38] - The company's Diving segment faces competition from Aqua Lung, Suunto, Atomic Aquatics, Oceanic, Cressi, and Mares, with a focus on product innovation and safety[38] Employee and Labor Information - The company has approximately 1,200 full-time employees, with 950 in the U.S. and 250 outside the U.S., and 4% represented by a collective bargaining agreement[40] - The company has approximately 1,200 regular, full-time employees, with 950 in the United States and 250 outside the United States, and 4% represented by a collective bargaining agreement[40] Research and Development - The company commits significant resources to research and development across all business segments, with activities conducted in multiple global locations[30] - The company's R&D activities are conducted across multiple locations globally, including Mankato, Little Falls, Alpharetta, Toronto, Eufaula, Zurich, Casarza Ligure, Old Town, and Racine[30][31] - The company capitalizes software development and bathymetry data collection costs once technological feasibility is established, amortizing them over the expected useful life[32] Seasonality and Sales Performance - The company's products are seasonal, with higher sales in the quarters ending March and June, and lower sales in the quarters ending September and December[46] - In fiscal 2024, net sales percentages by quarter were: December 23%, March 30%, June 29%, September 18%[48] - Operating profit percentages by quarter for fiscal 2024 were: December 0%, March 1%, June 1%, September 98%[48] - The company's seasonality returned to pre-COVID levels in fiscal 2024 and 2023, after being disrupted by pandemic-related demand in 2022[46] - The company mitigates seasonality by encouraging customers to purchase and take delivery of products more evenly throughout the year[46] - The company's net sales for Q4 2024 were 23% of total annual sales, with operating loss at 0%, while Q4 2023 net sales were 27% with operating profit at 47%[48] - The company's products are seasonal, with higher sales in Q1 and Q2 (March and June) and lower sales in Q3 and Q4 (September and December)[46] Manufacturing and Supply Chain - The company operates manufacturing facilities in the US, Italy, and Indonesia, with some products manufactured by third-party sources in Asia[15][20][25] - The company mitigates supply chain risks through safety stock, forecast-based supply contracts, and just-in-time inventory strategies[45] Environmental Compliance - The company complies with environmental laws and regulations, with no material adverse effects expected on capital expenditures or earnings due to environmental compliance[49]

Johnson Outdoors Inc. (JOUT) reported dismal fourth-quarter fiscal 2024 (ended Sept. 27, 2024) results, with earnings and revenues missing the Zacks Consensus Estimate. The top line increased year over year, while the bottom line fell from the prior-year quarter figure.Challenging market conditions and heightened competitive pressures led to reduced sales and an operating loss for the fiscal year 2024. The company anticipates the headwinds to persist in the near term.Stay up-to-date with all quarterly relea ...