Johnson Outdoors (NASDAQ:JOUT) Stock, Quote.Headers.trade-ideas

Johnson Outdoors

Johnson Outdoors Inc is a manufacturer and marketer of branded seasonal, outdoor recreation products used for fishing from a boat, diving, paddling, hiking and camping. The company has four operating segment: Fishing, Camping, Watercraft Recreation, and Diving. It generates maximum revenue from the Fishing segment which produces and markets products under different brands such as Minn Kota electric motors for quiet trolling or primary propulsion, marine battery chargers and shallow water anchors; Humminbird sonar and GPS equipment for fish finding, navigation and marine cartography; and Cannon downriggers for controlled-depth fishing. Geographically, it derives a majority of revenue from the United States and also has a presence in Europe, Canada, and other regions.

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The Perfect Stocks Portfolio: A Global Approach to Value Investing in 2025

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JOUT shares fell after reporting Q4 results. Sales grew but missed expectations, gross margin decreased due to discounts &amp; product mix.

Johnson Outdoors Shares Slide After Q4 Earnings Miss, Hit By Market Challenges And Lower Margins

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Spirit Airlines, Groupon, ZoomInfo Technologies And Other Big Stocks Moving Lower In Wednesday&#39;s Pre-Market Session

Johnson Outdoors Inc. - Class A Common Stock

Johnson Outdoors Inc

In an era of global interconnectivity, The Perfect Stocks Portfolio has embraced a truly international approach to value investing, incorporating companies from diverse markets including the United States, China, Switzerland, Denmark, Greece, Singapore, Hong Kong, and Japan. This strategic global diversification follows the time-tested principles of Benjamin Graham, the founder of modern security analysis and father of value investing.
Investment Philosophy and Strategy
The portfolio&#8217;s foundation rests on Graham&#8217;s fundamental criteria for selecting stocks: profitable companies that pay dividends and maintain strong balance sheets. This global approach is particularly relevant today, as the United States currently represents 60-70% of global market cap—a level not seen since the 1970s, before a significant market correction.
While maintaining a focus on liquidity and ensuring all stocks can be traded in the United States, the portfolio seeks high-quality, dividend-paying, undervalued companies worldwide. This approach takes advantage of valuation distortions across different markets while recognizing the interconnected nature of global business.
Current Market Environment
The U.S. market maintains a strong uptrend, continuing its 20-month momentum with only brief interruptions. Despite rapid interest rate increases, the American consumer has demonstrated remarkable resilience, maintaining spending levels that keep pace with inflation. This strength is exemplified by recent impressive earnings from companies like Costco, which reported better-than-expected revenue and earnings growth.
The job market remains healthy, though showing signs of moderation. Wage pressure has been kept in check by productivity increases and legal immigration. However, inflation remains sticky around 3%, with recent Producer Price Index (PPI) data surprising to the upside.
Regional Market Updates
China has implemented a $1.4 trillion stimulus program—its most aggressive monetary policy since 2008-2009. While market expectations vary between 4-5% growth, the administration&#8217;s commitment to economic reinvigoration suggests potential for additional stimulus measures.
Japan's economy shows moderate recovery with consumer spending and capital investment growth. The Bank of Japan&#8217;s upcoming policy decisions are closely watched, with mixed expectations regarding potential rate hikes. The country recently approved a $250 billion stimulus package to support household spending and economic activity.
Europe markets face ongoing challenges, though the European Central Bank has implemented a 25-basis-point rate cut. While inflation control has improved, growth remains a concern. The United Kingdom continues to navigate political and economic challenges.
Portfolio Performance Highlights
Recent portfolio performance has been mixed, with notable movements including:
<ul>
<li>Hello Group (Ticker: MOMO) (Chinese internet company): Leading performer with 16% growth </li>
<li>Johnson Outdoors (Ticker: JOUT) Positive returns despite weak earnings </li>
<li>Union Industrial Holdings: Strong monthly performance </li>
<li>Shipping companies and semiconductor stocks: Temporary underperformance</li>
</ul>
Portfolio News
ROHM Semiconductor (Ticker: ROHCY) and Nanjing SemiDrive Technology Ltd. have jointly developed a smart cockpit reference design, integrating SemiDrive&#8217;s X9M and X9E automotive System-on-Chips (S with ROHM&#8217;s Power Management ICs (PMICs), Serializer/Deserializer (SerDes) ICs, and LED driver ICs. This collaboration aims to enhance the functionality and efficiency of vehicle cockpits, supporting up to three display projections and four Advanced Driver Assistance System (ADAS) cameras. Several automakers have adopted the reference design to advance smart cockpit applications.
The collaboration between ROHM Semiconductor and SemiDrive represents an important advancement in smart cockpit technology. To understand its significance, let&#8217;s first break down what a smart cockpit is and why this reference design matters.
A smart cockpit in modern vehicles is essentially the command center where all driver information, entertainment, and control systems come together. Think of it as the digital dashboard and control interface that helps drivers interact with their vehicle&#8217;s various systems.
The key innovation here lies in the integration of several sophisticated components:
The foundation is built on SemiDrive&#8217;s X9M and X9E automotive System-on-Chips. These are like the brains of the operation &#8211; imagine them as powerful computers condensed onto single chips, specifically designed for automotive use. They handle the complex processing needed for multiple displays and cameras.
A.P. Moller-Maersk (Ticker: AMKBY), a leading Danish shipping and logistics company, anticipates a 5% to 7% growth in global container volumes for 2025, driven by robust U.S. demand amid potential port strikes and tariffs on foreign goods.
&nbsp;This outlook contrasts with recent trends; in 2023, Maersk reported a 6% decline in loaded volumes during the second quarter compared to the same period in 2022, reflecting a broader industry downturn.
&nbsp;The company has also implemented significant cost-cutting measures, including plans to reduce its workforce by approximately 10,000 positions in response to challenging market conditions.
Johnson Outdoors Inc. (Ticker: JOUT), a global innovator in outdoor recreation equipment and technology, reported a challenging fiscal year ending September 27, 2024. The company faced an 11% decline in revenue, totaling $592.8 million, attributed to market challenges and competitive pressures across all segments. This downturn led to an operating loss of $43.5 million, a significant drop from the previous year&#8217;s operating profit of $11.7 million.
The fiscal fourth quarter saw net sales of $105.9 million, up $9.5 million from the same period last year. However, the quarter ended with an operating loss of $42.8 million, exacerbated by increased promotional pricing, a shift toward lower-margin products, and inventory reserves on slow-moving and obsolete stock.
Despite these challenges, Johnson Outdoors maintained a strong financial position, reporting $162.0 million in cash and investments as of September 27, 2024, with no debt. The company remains focused on consumer-driven innovation, enhancing go-to-market strategies, and improving operational efficiencies to achieve long-term profitable growth.
Africa Oil Corp. (Ticker: AOIHF) recently concluded a share buyback program and initiated a new one. Between December 2 and December 6, 2024, the company repurchased 815,000 shares, with 320,000 shares acquired on the TSX and 495,000 on Nasdaq Stockholm. The transactions were executed by Scotia Capital Inc. and Pareto Securities, respectively. All repurchased shares will be cancelled.
Under the share buyback program launched on December 4, 2023, which expired on December 5, 2024, Africa Oil repurchased a total of 23,987,632 common shares, falling short of the authorized maximum of 38,654,702 shares.
On December 6, 2024, the company initiated a new share buyback program, repurchasing 174,000 shares on its first day. This program allows for a maximum of 18,362,364 shares to be repurchased over 12 months, concluding on December 5, 2025. Both programs comply with the EU Market Abuse Regulation, Safe Harbour Regulation, and the relevant Canadian and Swedish securities laws.
Industry Diversification
The portfolio maintains broad sector exposure including:
<ul>
<li>Semiconductors and integrated circuits </li>
<li>Shipping and transportation </li>
<li>Outdoor recreation (camping, fishing, boating) </li>
<li>Social networks and e-commerce </li>
<li>Manufacturing (automotive, electronics, medical equipment) </li>
<li>Oil and gas exploration and production </li>
<li>Consumer Goods </li>
<li>Electronic components</li>
</ul>
Investment Outlook
While the portfolio may appear conservative, its strategy of focusing on undervalued, dividend-paying companies with strong balance sheets has historically outperformed the broader market. This approach, grounded in Graham&#8217;s time-tested principles, continues to offer a steady, conservative path to long-term market outperformance through global diversification and value investing principles.

<h3>Gainers</h3>
<ul>
<li>Interactive Strength (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TRNR#NASDAQ">TRNR</a>) stock increased by 16.7% to $3.15 during Tuesday's pre-market session. The company's market cap stands at $2.8 million. </li>
<li>Ollie's Bargain Outlet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OLLI#NASDAQ">OLLI</a>) shares rose 11.14% to $108.98. The market value of their outstanding shares is at $6.6 billion. As per the press release, Q3 earnings came out today. </li>
<li>Pinstripes Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PNST#NYSE">PNST</a>) shares rose 9.98% to $0.65. The company's market cap stands at $26.0 million. </li>
<li>MKDWell Tech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MKDW#NASDAQ">MKDW</a>) shares rose 9.73% to $0.58. The market value of their outstanding shares is at $9.6 million. </li>
<li>Xcel Brands (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XELB#NASDAQ">XELB</a>) stock rose 9.57% to $0.72. The market value of their outstanding shares is at $17.0 million. </li>
<li>Noodles (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NDLS#NASDAQ">NDLS</a>) shares increased by 8.11% to $0.73. The market value of their outstanding shares is at $33.5 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>MEDIROM Healthcare Techs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRM#NASDAQ">MRM</a>) stock fell 38.6% to $1.72 during Tuesday's pre-market session. The market value of their outstanding shares is at $8.4 million. </li>
<li>Designer Brands (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DBI#NYSE">DBI</a>) shares decreased by 20.38% to $4.61. The market value of their outstanding shares is at $255.8 million. The company's, Q3 earnings came out today. </li>
<li>Twin Vee PowerCats (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VEEE#NASDAQ">VEEE</a>) stock fell 19.74% to $0.37. The market value of their outstanding shares is at $5.5 million. </li>
<li>Algorhythm Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIME#NASDAQ">RIME</a>) shares decreased by 13.79% to $0.1. The company's market cap stands at $1.4 million. </li>
<li>Johnson Outdoors (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JOUT#NASDAQ">JOUT</a>) shares decreased by 11.94% to $30.33. The market value of their outstanding shares is at $312.4 million. As per the press release, Q4 earnings came out today. </li>
<li>Color Star Tech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADD#NASDAQ">ADD</a>) shares fell 9.07% to $3.21. The company's market cap stands at $1.9 million. 
See Also: <a href="http://www.benzinga.com/money/best-consumer-cyclical-stocks/" title="www.benzinga.com/money/best-consumer-cyclical-stocks/">www.benzinga.com/money/best-consumer-cyclical-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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12 Consumer Discretionary Stocks Moving In Tuesday's Pre-Market Session

Johnson Outdoors Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JOUT#NASDAQ">JOUT</a>) shares plunged after the company reported <a target="_blank" href="https://www.benzinga.com/pressreleases/24/12/g42408033/johnson-outdoors-reports-results-for-fiscal-year-2024" rel="noreferrer noopener">its fourth-quarter 2024 results</a>.
The company&#8217;s sales grew 9.9% year-over-year to $105.9 million, missing the consensus of $114.99 million. Loss per share was $3.35, <a target="_blank" href="https://www.benzinga.com/earnings" rel="noreferrer noopener">missing the consensus loss of $0.98.</a>
Gross margin contracted 600 bps to 23.5%, primarily due to higher promotional discounts, a shift in product mix favoring lower-margin items, and inventory reserves for slow-moving and obsolete stock. Gross profit was down 12.4% to $24.87 million.
The operating loss widened to $42.8 million in the quarter, compared to $22.6 million in the same quarter last year.
Operating expenses rose mainly due to the goodwill write-off, leading to a pre-tax loss of $39.7 million this quarter versus a $22.1 million loss last year.
As of September 27, 2024, the company held $162.0 million in cash and investments, a $9.5 million increase year over year, and had no debt.
Fiscal 2024 revenue declined 11% YoY to $592.8 million from $663.8 million in fiscal 2023 due to market challenges and lower demand across all segments.
The fiscal year ended with a net loss of $26.5 million, or $2.60 per diluted share, compared to a net income of $19.5 million, or $1.90 per diluted share, in the prior year.
Gross margin declined to 33.9% from 36.8%, as cost savings were outweighed by lower sales volume impacts, unfavorable fixed cost absorption, and a shift to lower-margin products.
&#8220;In fiscal 2024, despite the operating loss, we drove positive cash flow from operations through prudent inventory management. Additionally, we focused on operational cost savings and efficiencies to mitigate impacts from challenging market dynamics. We will strategically manage costs in fiscal 2025 while at the same time making investments to strengthen the business,&#8221; commented David W. Johnson, Vice President and Chief Financial Officer.
Price Action: JOUT shares are trading lower by 5.68% at $32.49 at the last check Tuesday.
Image via Shutterstock.

WIIM

Johnson Outdoors shares are trading lower after the company reported a year-over-year decline in Q4 EPS results.

Johnson Outdoors Q4 EPS $(3.35) Down From $(1.56) YoY, Sales $105.9M Up From $96.34M YoY

<h3>Companies Reporting Before The Bell</h3>
• Designer Brands (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DBI#NYSE">DBI</a>) is projected to report quarterly earnings at $0.35 per share on revenue of $802.14 million. 
• ImmunoPrecise Antibodies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IPA#NASDAQ">IPA</a>) is expected to report quarterly loss at $0.07 per share on revenue of $4.77 million. 
• G-III Apparel Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GIII#NASDAQ">GIII</a>) is likely to report quarterly earnings at $2.27 per share on revenue of $1.10 billion. 
• LightInTheBox Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LITB#NYSE">LITB</a>) is estimated to report earnings for its third quarter. 
• Huize Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HUIZ#NASDAQ">HUIZ</a>) is likely to report earnings for its third quarter. 
• AutoZone (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AZO#NYSE">AZO</a>) is estimated to report quarterly earnings at $33.69 per share on revenue of $4.31 billion. 
• Academy Sports (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASO#NASDAQ">ASO</a>) is expected to report quarterly earnings at $1.28 per share on revenue of $1.38 billion. 
• Vince Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VNCE#NYSE">VNCE</a>) is likely to report quarterly earnings at $0.35 per share on revenue of $89.24 million. 
• Johnson Outdoors (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JOUT#NASDAQ">JOUT</a>) is expected to report quarterly loss at $0.68 per share on revenue of $120.54 million. 
• Ollie's Bargain Outlet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OLLI#NASDAQ">OLLI</a>) is projected to report quarterly earnings at $0.57 per share on revenue of $520.28 million. 
• MoneyHero (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MNY#NASDAQ">MNY</a>) is estimated to report earnings for its third quarter. 
• D-MARKET Electronic (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HEPS#NASDAQ">HEPS</a>) is estimated to report earnings for its third quarter. 
• United Natural Foods (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNFI#NYSE">UNFI</a>) is projected to report quarterly earnings at $0.10 per share on revenue of $7.66 billion. 
• Ferguson Enterprises (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FERG#NYSE">FERG</a>) is expected to report quarterly earnings at $2.62 per share on revenue of $7.82 billion. 
<h3>Companies Reporting After The Bell</h3>
• Frequency Electronics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FEIM#NASDAQ">FEIM</a>) is likely to report earnings for its second quarter. 
• GameStop (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>) is projected to report quarterly loss at $0.03 per share on revenue of $887.70 million. 
• Energy Transfer (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ET#NYSE">ET</a>) is estimated to report quarterly earnings at $0.17 per share on revenue of $120.41 million. 
• Dave &amp; Buster's Enter (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLAY#NASDAQ">PLAY</a>) is likely to report quarterly loss at $0.28 per share on revenue of $469.81 million. 
• Sportsman's Warehouse (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPWH#NASDAQ">SPWH</a>) is projected to report quarterly loss at $0.02 per share on revenue of $300.47 million. 
• Mama`s Creations (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MAMA#NASDAQ">MAMA</a>) is expected to report quarterly earnings at $0.04 per share on revenue of $30.05 million. 
• MIND Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MIND#NASDAQ">MIND</a>) is expected to report quarterly earnings at $0.13 per share on revenue of $10.25 million. 
• Skillsoft (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SKIL#NYSE">SKIL</a>) is expected to report quarterly loss at $2.92 per share on revenue of $130.00 million. 
• Stitch Fix (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SFIX#NASDAQ">SFIX</a>) is expected to report quarterly loss at $0.14 per share on revenue of $319.84 million. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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Earnings Scheduled For December 10, 2024

Johnson Outdoors (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JOUT#NASDAQ">JOUT</a>) is preparing to release its quarterly earnings on Tuesday, 2024-12-10. Here's a brief overview of what investors should keep in mind before the announcement.
Analysts expect Johnson Outdoors to report an earnings per share (EPS) of $-0.68.
The market awaits Johnson Outdoors's announcement, with hopes high for news of surpassing estimates and providing upbeat guidance for the next quarter.
It's important for new investors to understand that guidance can be a significant driver of stock prices.
<h3>Earnings Track Record</h3>
During the last quarter, the company reported an EPS missed by $0.41, leading to a 0.61% increase in the share price on the subsequent day.
Here's a look at Johnson Outdoors's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2024</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.57</td>
<td>1.12</td>
<td>0.15</td>
<td>-0.32</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.16</td>
<td>0.21</td>
<td>0.38</td>
<td>-1.56</td>
</tr>
<tr>
<td>Price Change %</td>
<td>1.0%</td>
<td>-11.0%</td>
<td>-3.0%</td>
<td>-10.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1733752893_0.png" alt="eps graph" />
<h3>Tracking Johnson Outdoors's Stock Performance</h3>
Shares of Johnson Outdoors were trading at $33.48 as of December 05. Over the last 52-week period, shares are down 25.08%. Given that these returns are generally negative, long-term shareholders are likely unhappy going into this earnings release. 
<a href="https://www.benzinga.com/quote/JOUT/earnings">To track all earnings releases for Johnson Outdoors visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Johnson Outdoors Earnings Preview

U.S. stock futures were lower this morning, with the Dow futures falling around 100 points on Wednesday.
Shares of Spirit Airlines, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SAVE#NYSE">SAVE</a>) fell sharply in today's pre-market trading after the company failed to file its earnings for the quarter ended <a href="https://www.benzinga.com/news/earnings/24/11/41932146/spirit-airlines-nears-bankruptcy-creditors-may-approve-equity-cancellation-heres-what-it-means-for-investors-as-shares-fall-with-a-thud">September 2024</a>.
The discount airline in a filing late Tuesday, said that it is in talks with its creditors to carve out a restructuring plan which could lead to the cancellation of its equity shares.
Spirit Airlines shares dipped 62.4% to $1.21 in the pre-market trading session.
Here are some other stocks moving lower in pre-market trading.
<ul>
<li>i-80 Gold Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IAUX#NYSE">IAUX</a>) fell 21.3% to $0.7150 in pre-market trading after posting third-quarter results.</li>
<li>Groupon, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GRPN#NASDAQ">GRPN</a>) shares dipped 21.4% to $8.90 in pre-market trading after reporting third-quarter results.</li>
<li>ZoomInfo Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZI#NASDAQ">ZI</a>) fell 13.8% to $11.28 in pre-market trading following third-quarter results.</li>
<li>Progyny, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PGNY#NASDAQ">PGNY</a>) shares dipped 12.8% to $14.97 in pre-market trading following weaker-than-expected quarterly results.</li>
<li>Rocket Companies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RKT#NYSE">RKT</a>) fell 12.7% to $13.56 in pre-market trading after the company reported worse-than-expected third-quarter revenue results.</li>
<li>Rumble Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RUM#NASDAQ">RUM</a>) fell 10.8% to $6.09 in pre-market trading after the company reported worse-than-expected third-quarter financial results.</li>
<li>Golden Entertainment, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GDEN#NASDAQ">GDEN</a>) dropped 10.7% to $30.22 in pre-market trading following downbeat sales.</li>
<li>Johnson Outdoors Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JOUT#NASDAQ">JOUT</a>) fell 10.5% to $31.11 in pre-market trading.</li>
<li>Paysafe Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PSFE#NASDAQ">PSFE</a>) fell 8.1% to $23.42 in pre-market trading following quarterly results.</li>
<li>Maplebear Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CART#NASDAQ">CART</a>) fell 7.1% to $44.90 in pre-market trading following third-quarter results.</li>
</ul>
Now Read This: 
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<li><a href="https://www.benzinga.com/news/earnings/24/11/41929909/dow-sp-decline-ahead-of-key-inflation-data-tesla-trump-media-slides-fear-index-remains-in-greed-zone">Dow, S&amp;P Decline Ahead Of Key Inflation Data, Tesla, Trump Media Slides: Fear Index Remains In &#8216;Greed&#8217; Zone</a></li>
</ul>

Spirit Airlines, Groupon, ZoomInfo Technologies And Other Big Stocks Moving Lower In Wednesday's Pre-Market Session

Johnson Outdoors shares are trading lower after the company reported worse-than-expected Q3 financial results.

&quot;While we are expanding our cost savings actions to boost our margins and continuing to work on reducing inventory levels, we are committed to investing in revenue and profit-generating initiatives in innovation and digital and ecommerce capabilities to position Johnson Outdoors for long-term marketplace success,&quot; said Helen Johnson-Leipold, Chairman and Chief Executive Officer.

Johnson Outdoors Says Committed To Investing In Revenue And Profit-Generating Initiatives

Johnson Outdoors Says Challenging Marketplace Conditions, Primarily Due To Lower Consumer Demand For Outdoor Recreation Products And Heavy Promotional Activity, Have Impacted Q3 Results

Johnson Outdoors (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JOUT#NASDAQ">JOUT</a>) reported quarterly earnings of $0.16 per share which missed the analyst consensus estimate of $0.57 by 71.93 percent. This is a 88.89 percent decrease over earnings of $1.44 per share from the same period last year. The company reported quarterly sales of $172.472 million which missed the analyst consensus estimate of $176.141 million by 2.08 percent. This is a 7.79 percent decrease over sales of $187.047 million the same period last year.

Earnings Misses

Johnson Outdoors Q3 2024 GAAP EPS $0.16 Misses $0.57 Estimate, Sales $172.472M Miss $176.141M Estimate

Johnson Outdoors (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JOUT#NASDAQ">JOUT</a>) reported quarterly earnings of $0.21 per share which missed the analyst consensus estimate of $0.50 by 58 percent. This is a 85.52 percent decrease over earnings of $1.45 per share from the same period last year. The company reported quarterly sales of $175.86 million which beat the analyst consensus estimate of $158.76 million by 10.77 percent. This is a 12.99 percent decrease over sales of $202.12 million the same period last year.

Earnings Beats

Johnson Outdoors Q2 EPS $0.21 Misses $0.50 Estimate, Sales $175.86M Beat $158.76M Estimate

Johnson Outdoors (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JOUT#NASDAQ">JOUT</a>) reported quarterly earnings of $0.38 per share which beat the analyst consensus estimate of $0.15 by 153.33 percent. This is a 33.33 percent decrease over earnings of $0.57 per share from the same period last year. The company reported quarterly sales of $138.64 million which missed the analyst consensus estimate of $140.44 million by 1.28 percent. This is a 22.26 percent decrease over sales of $178.34 million the same period last year.

Johnson Outdoors Q1 EPS $0.38 Beats $0.15 Estimate, Sales $138.64M Miss $140.44M Estimate

<h3>Companies Reporting Before The Bell</h3>
&bull; W.W. Grainger (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GWW#NYSE">GWW</a>) is likely to report quarterly earnings at $8.05 per share on revenue of $4.04 billion.
&bull; AbbVie (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ABBV#NYSE">ABBV</a>) is likely to report quarterly earnings at $2.77 per share on revenue of $14.02 billion.
&bull; Cboe Global Markets (BATS:<a class="ticker" href="https://www.benzinga.com/stock/CBOE#BATS">CBOE</a>) is expected to report quarterly earnings at $2.03 per share on revenue of $511.68 million.
&bull; Charter Communications (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHTR#NASDAQ">CHTR</a>) is expected to report quarterly earnings at $8.68 per share on revenue of $13.70 billion.
&bull; Bristol-Myers Squibb (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BMY#NYSE">BMY</a>) is projected to report quarterly earnings at $1.53 per share on revenue of $11.19 billion.
&bull; Exxon Mobil (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XOM#NYSE">XOM</a>) is expected to report quarterly earnings at $2.21 per share on revenue of $85.23 billion.
&bull; Regeneron Pharmaceuticals (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/REGN#NASDAQ">REGN</a>) is expected to report quarterly earnings at $10.77 per share on revenue of $3.29 billion.
&bull; Chevron (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVX#NYSE">CVX</a>) is projected to report quarterly earnings at $3.21 per share on revenue of $51.62 billion.
&bull; Cigna Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CI#NYSE">CI</a>) is projected to report quarterly earnings at $6.53 per share on revenue of $48.89 billion.
&bull; Saia (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SAIA#NASDAQ">SAIA</a>) is projected to report quarterly earnings at $3.20 per share on revenue of $744.99 million.
&bull; Twist Bioscience (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TWST#NASDAQ">TWST</a>) is expected to report quarterly loss at $0.78 per share on revenue of $67.58 million.
&bull; LyondellBasell Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LYB#NYSE">LYB</a>) is expected to report quarterly earnings at $1.31 per share on revenue of $9.84 billion.
&bull; Capital Product Partners (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CPLP#NASDAQ">CPLP</a>) is projected to report quarterly earnings at $0.63 per share on revenue of $95.71 million.
&bull; Brookfield Bus Partners (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBU#NYSE">BBU</a>) is projected to report quarterly earnings at $6.42 per share on revenue of $16.55 billion.
&bull; IES Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IESC#NASDAQ">IESC</a>) is projected to report earnings for its first quarter.
&bull; Banco Santander Chile (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BSAC#NYSE">BSAC</a>) is projected to report quarterly earnings at $0.53 per share on revenue of $627.37 million.
&bull; Mizuho Financial Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MFG#NYSE">MFG</a>) is expected to report earnings for its third quarter.
&bull; Virtus Inv (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VRTS#NYSE">VRTS</a>) is projected to report quarterly earnings at $5.96 per share on revenue of $197.13 million.
&bull; Brookfield Renewable (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BEP#NYSE">BEP</a>) is projected to report quarterly loss at $0.04 per share on revenue of $1.07 billion.
&bull; Piper Sandler (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PIPR#NYSE">PIPR</a>) is likely to report quarterly earnings at $2.60 per share on revenue of $370.12 million.
&bull; Brookfield Renewable (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BEPC#NYSE">BEPC</a>) is expected to report quarterly loss at $0.14 per share on revenue of $1.21 billion.
&bull; Church &amp; Dwight Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHD#NYSE">CHD</a>) is likely to report quarterly earnings at $0.65 per share on revenue of $1.51 billion.
&bull; Johnson Outdoors (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JOUT#NASDAQ">JOUT</a>) is likely to report quarterly earnings at $0.15 per share on revenue of $140.44 million.
&bull; WisdomTree (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WT#NYSE">WT</a>) is expected to report quarterly earnings at $0.10 per share on revenue of $90.34 million.
&bull; Aon (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AON#NYSE">AON</a>) is expected to report quarterly earnings at $4.06 per share on revenue of $3.36 billion.
&bull; Brookfield Business (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBUC#NYSE">BBUC</a>) is projected to report earnings for its fourth quarter.
<h3>&nbsp;</h3>
This article was generated by Benzinga&#39;s automated content engine and reviewed by an editor.

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Earnings Scheduled For February 2, 2024

Johnson Outdoors (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JOUT#NASDAQ">JOUT</a>) is set to give its latest quarterly earnings report on Friday, 2024-02-02. Here's what investors need to know before the announcement.
Analysts estimate that Johnson Outdoors will report an earnings per share (EPS) of $0.15. 
Johnson Outdoors bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Historical Earnings Performance</h3>
Last quarter the company missed EPS by $1.24, which was followed by a 0.0% drop in the share price the next day.
Here's a look at Johnson Outdoors's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>-0.32</td>
<td>1.21</td>
<td>0.84</td>
<td>0.57</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>-1.56</td>
<td>1.44</td>
<td>1.45</td>
<td>0.57</td>
</tr>
<tr>
<td>Price Change %</td>
<td>-9.86%</td>
<td>-0.21%</td>
<td>13.64%</td>
<td>-5.32%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1706799668_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of Johnson Outdoors were trading at $44.76 as of January 31. Over the last 52-week period, shares are down 33.16%. Given that these returns are generally negative, long-term shareholders are likely unhappy going into this earnings release. 
<a href="https://www.benzinga.com/quote/JOUT/earnings">To track all earnings releases for Johnson Outdoors visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Johnson Outdoors's Earnings: A Preview

Tuesday marks the last chance for investors to receive the next dividend payout from Johnson Outdoors (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JOUT#NASDAQ">JOUT</a>). 
<h3>What's Happening</h3>
The company announced on Friday that it would pay shareholders a quarterly dividend of 33 cents per share. On Wednesday, Johnson Outdoors will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 33 cents lower than it would have opened on any other day.
In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Wednesday. Shareholders who own JOUT as of the end of Tuesday's session are eligible to receive the 33 cents dividend payout for every share that they own. 
According to the company, this dividend will be paid out to shareholders on January 25, 2024. Investors will then be able to either reinvest those dividends back into the stock or use the payment in some other way. 
To stay up-to-date with the companies that are announcing their dividends, <a href="https://www.benzinga.com/calendars/dividends">click here</a> to visit our Dividends Calendar.

Dividends

Tuesday Is Your Last Chance To Buy Johnson Outdoors Before The Dividend Payout

Shares of Comtech Telecommunications Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cmtl#NASDAQ">CMTL</a>) moved lower during Friday&rsquo;s session following <a href="https://www.benzinga.com/quote/CMTL/earnings">weak quarterly earnings.</a>
Comtech Telecom posted adjusted earnings of 24 cents per share, missing market estimates of 26 cents per share. The company&rsquo;s quarterly sales came in at $151.91 million versus expectations of $151.87 million.
Comtech Telecommunications shares fell 16.4% to $10.45 on Friday.
Here are some other stocks moving in today&#39;s mid-day session.
<h3>Gainers</h3>
<ul>
<li>Intensity Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ints#NASDAQ">INTS</a>) shares jumped 149.2% to $10.32. Intensity Therapeutics presented INT230-6 data in early-stage breast cancer patients.</li>
<li>MBIA Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mbi#NYSE">MBI</a>) shares climbed 63.8% to $12.09 after the company announced it declared an extraordinary cash dividend on MBIA common stock of $8.00 per share.</li>
<li>ALX Oncology Holdings Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/alxo#NASDAQ">ALXO</a>) gained 35.7% to $12.56. Jefferies upgraded ALX Oncology Holdings from Hold to Buy and raised the price target from $8 to $18.</li>
<li>VerifyMe, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/vrme#NASDAQ">VRME</a>) gained 27% to $1.29. VerifyMe&rsquo;s board approved share repurchase program of up to $500,000.</li>
<li>Exicure, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/xcur#NASDAQ">XCUR</a>) shares rose 23.2% to $0.5297 after gaining more than 5% on Thursday.</li>
<li>Torrid Holdings Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/curv#NYSE">CURV</a>) gained 22.3% to $5.07 after the company reported better-than-expected third-quarter financial results and issued FY23 revenue guidance above estimates.</li>
<li>QuantaSing Group Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/qsg#NASDAQ">QSG</a>) surged 21.5% to $2.3201.</li>
<li>Loop Media, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lptv#NASDAQ">LPTV</a>) climbed 20.4% to $1.00.</li>
<li>Volato Group, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/soar#NYSE">SOAR</a>) rose 20.4% to $6.80.</li>
<li>Virco Mfg. Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/virc#NASDAQ">VIRC</a>) jumped 18.2% to $8.28 following third-quarter results.</li>
<li>MicroAlgo Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mlgo#NASDAQ">MLGO</a>) rose 15% to $2.36.</li>
<li>Bitfarms Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bitf#NASDAQ">BITF</a>) gained 15% to $2.46</li>
<li>Hello Group Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/momo#NASDAQ">MOMO</a>) gained 14.8% to $7.54 after reporting results for the third quarter.</li>
<li>Paramount Global (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/para#NASDAQ">PARA</a>) rose 13.8% to $17.11.</li>
<li>Arvinas, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/arvn#NASDAQ">ARVN</a>) jumped 12.8% to $36.88. Arvinas and Pfizer recently announced interim data from the Phase 1b trial of Vepdegestrant in combination with Palbociclib.</li>
<li>Axos Financial, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ax#NYSE">AX</a>) gained 12.2% to $50.15. Axos closed purchase of two loan portfolios from the FDIC.</li>
<li>Eneti Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/neti#NASDAQ">NETI</a>) rose 10.3% to $10.83. Cadeler A/S and Eneti announced extension of share exchange offer for all outstanding shares of common stock of Eneti Inc. to Dec. 14, 2023.</li>
<li>Warner Bros. Discovery, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/wbd#NASDAQ">WBD</a>) gained 7.6% to $11.65.</li>
<li>Upstart Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/upst#NASDAQ">UPST</a>) gained 7.2% to $36.29.</li>
<li>Lululemon Athletica Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lulu#NASDAQ">LULU</a>) shares gained 4.1% to $483.58. Lululemon reported upbeat results for its third quarter but issued a weak sales outlook for the current quarter.</li>
</ul>
<h3>Losers</h3>
<ul>
<li>Cyngn Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cyn#NASDAQ">CYN</a>) shares fell 48.4% to $0.2065 after the company announced pricing of $5 million public offering of common stock of 33,333,333 shares at $0.15 per share.</li>
<li>African Agriculture Holdings Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/aagr#NASDAQ">AAGR</a>) shares declined 33.6% to $3.00.</li>
<li>Golden Heaven Group Holdings Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/gdhg#NASDAQ">GDHG</a>) fell 33.6% to $1.54. Golden Heaven Group shares dipped 89% on Thursday after the company announced that it intends to enter into an operating lease framework agreement with a top-tier Chinese amusement group.</li>
<li>Biomea Fusion, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bmea#NASDAQ">BMEA</a>) fell 24.4% to $11.36. Biomea Fusion presented long-term follow-up data showing improved glycemic control after 22 weeks off treatment in ongoing Phase II study of BMF-219 in adults with Type 2 diabetes in poster presentation at WCIRDC.</li>
<li>Applied UV, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/auvi#NASDAQ">AUVI</a>) fell 21.6% to $0.0855. Applied UV announced a 1-for-25 reverse stock split.</li>
<li>HashiCorp, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hcp#NASDAQ">HCP</a>) shares fell 21% to $19.68 after the company reported third-quarter financial results.</li>
<li>Veradigm Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mdrx#NASDAQ">MDRX</a>) fell 19.8% to $10.10. Veradigm named Greg Garrison as Executive Chairman.</li>
<li>Neptune Wellness Solutions Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nept#NASDAQ">NEPT</a>) dipped 17.8% to $0.3895.</li>
<li>Avid Bioservices, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cdmo#NASDAQ">CDMO</a>) shares fell 17.8% to $4.35 after the company reported weak quarterly results.</li>
<li>Delta Apparel, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/dla#NYSE">DLA</a>) dipped 17.1% to $7.35 following fourth-quarter results.</li>
<li>RH (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/rh#NYSE">RH</a>) fell 13.4% to $243.49. RH posted an unexpected loss for its third quarter, while sales missed estimates.</li>
<li>Adecoagro S.A. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/agro#NYSE">AGRO</a>) declined 13% to $10.43. JP Morgan downgraded Adecoagro from Neutral to Underweight and lowered the price target from $11.5 to $10.5.</li>
<li>Johnson Outdoors Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/jout#NASDAQ">JOUT</a>) dipped 12.5% to $47.65 after the company reported worse-than-expected fourth-quarter financial results.</li>
<li>Solid Biosciences Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sldb#NASDAQ">SLDB</a>) shares fell 10.1% to $5.18 after surging 68% on Thursday. The company announced that it received Fast Track Designation from the U.S. Food and Drug Administration (FDA) for its next-generation Duchenne muscular dystrophy gene therapy candidate known as SGT-003.</li>
<li>Madrigal Pharmaceuticals, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mdgl#NASDAQ">MDGL</a>) dipped 10% to $211.99.</li>
<li>Troika Media Group, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/trka#NASDAQ">TRKA</a>) shares fell 9.7% to $0.4850. Troika Media Group shares fell around 72% on Thursday after the company announced it filed for Chapter 11.</li>
<li>MINISO Group Holding Limited (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mnso#NYSE">MNSO</a>) declined 6.2% to $19.69.</li>
<li>Gates Industrial Corporation plc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gtes#NYSE">GTES</a>) shares fell 5% to $11.64 as the company announced pricing of secondary offering of 15,000,000 ordinary shares.</li>
<li>GDS Holdings Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/gds#NASDAQ">GDS</a>) fell 4.4% to $8.82. GDS secured a syndicated green financing facility of MYR1.27 billion to complete the next phase of Nusajaya Tech Park Data Center Campus development.</li>
</ul>
&nbsp;
Now Read This: <a href="https://www.benzinga.com/trading-ideas/long-ideas/23/12/36127763/i-like-it-very-much-jim-cramer-bullish-on-this-financial-stock-up-75-ytd"> &#39;I Like It Very Much&#39;: Jim Cramer Bullish On This Financial Stock Up 75% YTD</a>

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Why Comtech Telecommunications Shares Are Trading Lower By Over 16%? Here Are Other Stocks Moving In Friday's Mid-Day Session

Johnson Outdoors Inc&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/jout#NASDAQ">JOUT</a>) reported a fourth-quarter FY23 sales decline of 51% year-over-year to $96.34 million,&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/pressreleases/23/12/g36150035/johnson-outdoors-reports-results-for-fiscal-year-2023" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">missing the consensus of $121.03 million.</a>
Earnings per share loss was $(1.56)&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/calendars/earnings" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">below the consensus of $(0.32).</a>
Gross margin contracted 550 bps to 29.5%, primarily due to lower sales, increased inventory reserves, and unfavorable overhead absorption. Gross profit was down 58.6% Y/Y to $28.39 million.
Operating expenses decreased by $4.3 million or 7.8% Y/Y to $50.95 million due to a reduction in sales volume-driven expenses and lower incentive compensation expenses.
The company recorded an operating loss of $(22.56) million for the quarter, compared to a profit of $13.32 million a year ago.
JOUT ended the quarter with cash and investments of $152.6 million as of September 29, 2023, with no debt on its balance sheet.
&quot;The end of the elevated pandemic-driven demand of the past few years, combined with higher inventory levels at retail, resulted in lower sales and profits for our 2023 fiscal year. Our fiscal fourth quarter was particularly impacted by significantly slower demand,&quot; stated Helen Johnson-Leipold, Chairman and Chief Executive Officer.
Dividend:&nbsp;JOUT declared a quarterly cash dividend of $0.33 per Class A share and $0.30 per Class B share, payable on January 25, 2024, to shareholders of record at the&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/pressreleases/23/12/g36150034/johnson-outdoors-announces-cash-dividend" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">close of business on January 11, 2024.</a>
&quot;Heading into fiscal year 2024, we&#39;re focused on carefully managing higher-than-normal inventories and improving profitability with a defined cost savings program in place and prudent expense management,&quot; said David W. Johnson, Chief Financial Officer.
Price Action:&nbsp;JOUT shares are trading lower by 11.69% at $48.10 on the last check Friday.
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Johnson Outdoors Q4 2024 Earnings Preview

Here's the major earnings before the open tomorrow

Johnson Outdoors GAAP EPS of -$3.35 misses by $2.37, revenue of $105.87M misses by $9.12M

Reports Q4 revenue $105.9M vs. $96.35M last year. "Challenging marketplace conditions and competitive pressures resulted in lower sales and an oper...

Johnson Outdoors reports Q4 EPS ($3.35) vs. ($1.56) last year

Johnson Outdoors Inc. (JOUT) Q4 2024 Earnings Call Transcript

Johnson Outdoors ( ($JOUT) ) has released its Q4 earnings. Here is a breakdown of the information Johnson Outdoors presented to its investors. John...

Johnson Outdoors Faces Challenges Amid Revenue Decline

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Press Releases

Johnson Outdoors Announces Cash Dividend

Johnson Outdoors to Release Fiscal 2024 Second Quarter Results on May 3, 2024

Johnson Outdoors Reports Fiscal Second Quarter Results

Johnson Outdoors to Release Fiscal 2024 Third Quarter Results on August 5, 2024

Johnson Outdoors Reports Fiscal Third Quarter Results

Johnson Outdoors to Release Fiscal 2024 Fourth Quarter Results on December 10, 2024

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