Johnson Outdoors Inc Stock Price, News & Analysis

Johnson Outdoors Inc. (Nasdaq:JOUT) reported a 1% decline in sales to $743.4 million for fiscal 2022, reflecting challenges in the Fishing segment. Operating profit decreased 40% to $66.3 million, and net income fell 47% to $44.5 million. Despite strong demand, Fishing revenue declined by 5% due to supply chain issues. In contrast, Camping saw a 12% increase, while Diving rose by 14%. The fourth-quarter sales improved by 18% to $196.4 million, signaling a recovery in supply chain conditions. The company ended with a debt-free balance sheet and announced a 3% dividend increase.

Johnson Outdoors Inc. (Nasdaq: JOUT) announced a quarterly cash dividend of $0.31 for Class A shares and $0.2818 for Class B shares, approved by its Board of Directors. The dividend is payable on January 26, 2023, to shareholders on record as of January 12, 2023. This decision reflects the company's commitment to returning value to shareholders while maintaining a strong financial position in the outdoor recreation market.

Johnson Outdoors (Nasdaq: JOUT) will release its financial results for the Fiscal 2022 fourth quarter on December 9, 2022, before market open. A conference call will follow at 11:00 a.m. Eastern Time, where the company will discuss the results and provide updates. Johnson Outdoors is recognized for its innovative outdoor recreation equipment and technologies across categories such as Watercraft Recreation, Fishing, Diving, and Camping, with brands like Old Town® and Minn Kota®.

On September 29, 2022, Johnson Outdoors announced an increased quarterly cash dividend for its shareholders. Class A shareholders will receive $0.31 per share, while Class B shareholders will receive $0.2818 per share. The dividend reflects the company's strong balance sheet and confidence in its performance and strategic plans. This quarterly cash dividend is payable on October 27, 2022, to shareholders recorded by October 13, 2022.

Johnson Outdoors Inc. (Nasdaq:JOUT) reported lower sales and earnings for Q3 FY 2022, with net sales declining 5% to $203.8 million compared to the previous year. Fishing sales dropped 12%, largely due to ongoing supply chain challenges. Conversely, Camping revenue surged 32%, and Watercraft Recreation grew by 10%. Operating profit fell to $23.8 million, and net income was $14.1 million or $1.38 per diluted share, down from $28.8 million or $2.83 per diluted share last year. Year-to-date results also showed a 7% sales decline, and gross margins decreased significantly due to increased costs.

Johnson Outdoors (Nasdaq: JOUT) is set to release its Fiscal 2022 third-quarter financial results on August 5, 2022, before the market opens. Following the announcement, the company will hold a conference call and audio webcast at 11:00 a.m. Eastern Time to discuss the results and provide updates. The audio of the call will be available for replay on the company’s investor relations page for 30 days. Johnson Outdoors is recognized for its innovative outdoor recreation products across categories like fishing, diving, and camping.

The National Wildlife Federation has partnered with Johnson Outdoors to launch the Great American Campout, promoting responsible camping and environmental stewardship. The initiative, running from June to October, encourages participants to take the Clean Earth Challenge by collecting 1 million pieces of trash. The campaign aims to inspire families to connect with nature while leaving no waste behind. Frank Keating emphasized the importance of quality outdoor time, especially post-pandemic. This year marks the 18th annual event, celebrating camping as a means to enjoy and protect the environment.

Johnson Outdoors Inc. (Nasdaq: JOUT) has declared a quarterly cash dividend of $0.30 per Class A share and $0.2727 per Class B share, approved by its Board of Directors. This dividend will be payable on July 28, 2022, to shareholders on record by the close of business on July 14, 2022. Johnson Outdoors is known for its innovative outdoor recreation equipment across categories including fishing, diving, and camping, featuring respected brands like Old Town and Minn Kota.

Johnson Outdoors (Nasdaq:JOUT) reported a decline in Q2 sales and earnings for the fiscal quarter ending April 1, 2022. Total net sales decreased 8% to $189.6 million, with Fishing sales down 19% due to supply chain disruptions. However, Camping revenue rose 35%, and Diving sales increased 28%. Operating profit fell to $15.4 million from $36.0 million a year prior, while gross margin declined to 36.2%. Year-to-date, net income was $20.8 million or $2.04 per diluted share, down from $47.7 million or $4.70 in the prior year.