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 ...

RACINE, Wis., Nov. 25, 2024 (GLOBE NEWSWIRE) -- JOHNSON OUTDOORS INC. (Nasdaq: JOUT), a leading global innovator of outdoor recreation equipment and technology, will release financial results for the Fiscal 2024 fourth quarter on Tuesday, December 10, 2024, before market open that day. The Company will host a conference call and audio webcast shortly afterwards at 11:00 a.m. Eastern Time to discuss the financial results and provide a Company update. A live listen-only webcast of the conference call may be a ...

Johnson Outdoors Inc. (JOUT) is benefiting from strategic investments to improve its profitability and undertaking cost savings efforts to enhance margins. Also, the company trading at a discount compared with its peers is an additional advantage that should be noticed by investors in the market. The Zacks Consensus Estimate of the company's fourth quarter of fiscal 2024 earnings indicates year-over-year growth of 56.4%. Also, the earnings estimate for fiscal 2025 indicates a whopping 2,328.6% growth trend. ...

RACINE, Wis., Aug. 05, 2024 (GLOBE NEWSWIRE) -- Johnson Outdoors Inc. (Nasdaq:JOUT), a leading global innovator of outdoor recreation equipment and technology, today announced operating results for the Company's third fiscal quarter ending June 28, 2024. "Challenging marketplace conditions, primarily due to lower consumer demand for outdoor recreation products and heavy promotional activity, have impacted our performance. As a result, we are evaluating all aspects of the business to improve our financial re ...

RACINE, Wis., Aug. 05, 2024 (GLOBE NEWSWIRE) -- Johnson Outdoors Inc. (Nasdaq:JOUT), a leading global innovator of outdoor recreation equipment and technology, today announced operating results for the Company's third fiscal quarter ending June 28, 2024. "Challenging marketplace conditions, primarily due to lower consumer demand for outdoor recreation products and heavy promotional activity, have impacted our performance. As a result, we are evaluating all aspects of the business to improve our financial re ...

RACINE, Wis., July 17, 2024 (GLOBE NEWSWIRE) -- JOHNSON OUTDOORS INC. (Nasdaq: JOUT), a leading global innovator of outdoor recreation equipment and technology, will release financial results for the Fiscal 2024 third quarter on Monday, August 5, 2024, before market open that day. The Company will host a conference call and audio webcast shortly afterwards at 11:00 a.m. Eastern Time to discuss the financial results and provide a Company update. A live listen-only webcast of the conference call may be access ...

RACINE, Wis., May 30, 2024 (GLOBE NEWSWIRE) -- Johnson Outdoors Inc. (Nasdaq: JOUT), a leading global innovator of outdoor recreation equipment and technology, today announced approval by its Board of Directors of a quarterly cash dividend of $0.33 per Class A share and $0.30 per Class B share. The quarterly cash dividend is payable on July 25, 2024, to shareholders of record at the close of business on July 11, 2024. About Johnson Outdoors Inc. JOHNSON OUTDOORS is a leading global innovator of outdoor recr ...

RACINE, Wis., May 30, 2024 (GLOBE NEWSWIRE) -- Johnson Outdoors Inc. (Nasdaq: JOUT), a leading global innovator of outdoor recreation equipment and technology, today announced approval by its Board of Directors of a quarterly cash dividend of $0.33 per Class A share and $0.30 per Class B share. The quarterly cash dividend is payable on July 25, 2024, to shareholders of record at the close of business on July 11, 2024. About Johnson Outdoors Inc. JOHNSON OUTDOORS is a leading global innovator of outdoor recr ...

Financial Data and Key Metrics Changes - Sales in the second fiscal quarter ending March 2024 declined 15% to $175.9 million compared to $202.1 million in the prior year second quarter [17] - Net income for the second quarter was $2.2 million or $0.21 per diluted share versus $14.9 million or $1.45 per diluted share in the previous year's second quarter [29] - Year-to-date, company sales decreased 17% over last year's fiscal 6-month period [50] - The company reported an operating loss of $250,000 for the second quarter compared to an operating profit of $11.4 million in the prior year second quarter [50] Business Line Data and Key Metrics Changes - The inventory balance as of March was $249.2 million, up about $12.5 million from last year's March quarter, but down $18.1 million from December [21] - Operating expenses decreased 4% or $2.3 million versus the prior year quarter due primarily to lower sales volumes [32] - The company is investing in marketing and promotions to support new product launches, such as the Minn Kota Quest Trolling Motor line [19] Market Data and Key Metrics Changes - Increased competitive activity across categories has required additional promotion and pricing actions [18] - Economic uncertainty continues to impact consumer buying behavior, with expectations that these challenges will persist in the upcoming season [51] - The demand across all outdoor categories is depressed, influenced by both pandemic-related pull forward and increased competitor pricing activities [57] Company Strategy and Development Direction - The company aims to invest capital to grow the business profitably, focusing on organic growth and potential acquisitions [9] - Innovation remains a strategic priority to create consumer-focused products and technology [30] - The company is prioritizing critical investments to navigate short-term challenges while positioning for long-term success [51] Management's Comments on Operating Environment and Future Outlook - Management acknowledges that the competitive environment is intensifying, particularly in the outdoor space, leading to increased promotional activities [5] - There is a recognition that the current economic uncertainty is affecting consumer behavior, and the company is taking actions to improve its market position [52] - Management expects to continue facing challenges but remains committed to improving profitability and operational efficiency [67] Other Important Information - The company maintains a strong balance sheet with no debt, allowing for investments in opportunities to strengthen the business [54] - The company is actively working on a cost savings program to improve operating margins and efficiency [67] Q&A Session Summary Question: Competitive intensity in the fishing business - Management noted that competitive activity has increased across the board, particularly in response to soft demand, leading to more promotional efforts [5][6] Question: Capital allocation preferences - The company prefers to invest capital for growth rather than focusing solely on dividends or share repurchases, emphasizing the importance of profitable growth [9] Question: Inventory levels and market conditions - Management indicated that inventory levels are improving but vary by business segment, with some categories lagging behind [37] Question: Impact of promotional activities on profitability - Management acknowledged that increased promotional spending is necessary in the current competitive environment but aims to rely on innovation for long-term sales growth [65][66]