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Johnson Outdoors (NASDAQ:JOUT) Stock, Option Chain

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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Shares of Comtech Telecommunications Corp. (NASDAQ: CMTL) moved lower during Friday’s session following weak quarterly earnings.

Why Comtech Telecommunications Shares Are Trading Lower By Over 16%? Here Are Other Stocks Moving In Friday&#39;s Mid-Day Session

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General

Johnson Outdoors Inc (NASDAQ: JOUT) reported a fourth-quarter FY23 sales decline of 51% year-over-year to $96.34 million, 

Why Outdoor Recreational Products Maker Johnson Outdoors&#39; Stock Is Sinking Today

Pre-Market Outlook

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The CNN Money Fear and Greed index showed some improvement in overall market sentiment, while the index remained in the &#34;Greed&#34; zone on Thursday.

U.S. stocks closed higher on Thursday, with the Dow Jones and S&amp;P 500 snapping their three-day losing streaks.

Investor Optimism Improves; Jobs Data In Focus

Johnson Outdoors Inc. - Class A Common Stock

Johnson Outdoors Inc

WIIM

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.

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>

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.
Photo Via Company

Why Outdoor Recreational Products Maker Johnson Outdoors' Stock Is Sinking Today

Johnson Outdoors shares are trading lower after the company reported worse-than-expected Q4 financial results.

Johnson Outdoors Q4 EPS $(1.56) Misses $(0.32) Estimate, Sales $96.34M Miss $121.03M Estimate

The CNN Money Fear and Greed index showed some improvement in overall market sentiment, while the index remained in the &quot;Greed&quot; zone on Thursday.
U.S. stocks closed higher on Thursday, with the Dow Jones and S&amp;P 500 snapping their three-day losing streaks.
On the economic data front, U.S. initial jobless claims rose by 1,000 to 220,000 in the week ending Dec. 2, compared to market estimates of 222,000. U.S.-based employers announced plans to reduce 45,510 jobs during November.
Data on the U.S. jobs report will be released on Friday, with analysts expecting the US economy to add 180,000 jobs in November.
Alphabet Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/goog#NASDAQ">GOOG</a>) (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/googl#NASDAQ">GOOGL</a>) shares gained more than 5% on Thursday after the company announced the launch of its <a href="https://www.benzinga.com/money/gemini-review/">Gemini</a> AI model. Dollar General Corp (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/dg#NYSE">DG</a>) reported better-than-expected third-quarter results.
Most sectors on the S&amp;P 500 closed on a positive note, with communication services and information technology stocks recording the biggest gains on Thursday. However, utilities and energy bucked the overall market trend, closing the session lower.
The Dow Jones closed higher by around 63 points to 36,117.38 on Thursday. The S&amp;P 500 rose 0.80% at 4,585.59, while the Nasdaq Composite climbed 1.37% at 14,339.99 during Thursday&rsquo;s session.
Investors are awaiting earnings results from Hello Group Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/momo#NASDAQ">MOMO</a>) and Hello Group Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/jout#NASDAQ">JOUT</a>) today.
At a current reading of 64.1, the index remained in the &quot;Greed&quot; zone on Thursday versus a prior reading of 62.
What is CNN Business Fear &amp; Greed Index?
The Fear &amp; Greed Index is a measure of the current market sentiment. It is based on the premise that higher fear exerts pressure on stock prices, while higher greed has the opposite effect. The index is calculated based on seven equal-weighted indicators. The index ranges from 0 to 100, where 0 represents maximum fear and 100 signals maximum greediness.
&nbsp;
Read Next: <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>

<h3>Companies Reporting Before The Bell</h3>
&bull; Hello Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MOMO#NASDAQ">MOMO</a>) is expected to report quarterly earnings at $0.35 per share on revenue of $417.20 million.
&bull; SPDR Bloomberg Convertible Securities ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CWB#NYSE">CWB</a>) is estimated to report quarterly earnings at $0.88 per share on revenue of $291.06 million.
&bull; Johnson Outdoors (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JOUT#NASDAQ">JOUT</a>) is likely to report quarterly loss at $0.32 per share on revenue of $121.09 million.
<h3>&nbsp;</h3>
This article was generated by Benzinga&#39;s automated content engine and reviewed by an editor.

Spdr Barclays Capital Convertible Securities Etf

Earnings Scheduled For December 8, 2023

With U.S. stock futures trading mixed this morning on Friday, some of the stocks that may grab investor focus today are as follows:
<ul>
<li>Wall Street expects Johnson Outdoors Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/jout#NASDAQ">JOUT</a>) to report a quarterly loss at 32 cents per share on revenue of $121.03 million before the opening bell. Johnson Outdoors shares fell 2.5% to $53.09 in after-hours trading.</li>
<li>Broadcom Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/avgo#NASDAQ">AVGO</a>) reported upbeat earnings for its fourth quarter and increased its quarterly dividend by 14% to $5.25. The company also said it sees full-year 2024 revenue of approximately $50 billion. Broadcom shares fell 0.6% to $917.00 in the after-hours trading session.</li>
<li>Analysts expect Hello Group Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/momo#NASDAQ">MOMO</a>) to earn 35 cents per share on revenue of $417.20 million before the opening bell. Hello Group shares gained 2.3% to $6.72 in the after-hours trading session.</li>
</ul>
Check out our <a href="https://www.benzinga.com/premarket/"> premarket coverage here </a> 
<ul>
<li>Lululemon Athletica Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lulu#NASDAQ">LULU</a>) reported upbeat results for its third quarter but issued a weak sales outlook for the current quarter. Lululemon shares fell 2.7% to $452.20 in the after-hours trading session.</li>
<li>RH (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/rh#NYSE">RH</a>) posted an unexpected loss for its third quarter, while sales missed estimates. RH shares dipped 9.1% to $255.90 in the after-hours trading session.</li>
</ul>
&nbsp;
Check This Out: <a href="https://www.benzinga.com/trading-ideas/long-ideas/23/12/36130067/insiders-buying-dave-and-2-other-stocks"> Insiders Buying Dave And 2 Other Stocks </a>

AVGO

Lululemon, Johnson Outdoors And 3 Stocks To Watch Heading Into Friday

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, 2023-12-08. Here's what investors need to know before the announcement.
Analysts estimate that Johnson Outdoors will report an earnings per share (EPS) of $-0.32. 
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 beat EPS by $0.23, which was followed by a 0.21% 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>Q3 2023</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>1.21</td>
<td>0.84</td>
<td>0.57</td>
<td>0.37</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>1.44</td>
<td>1.45</td>
<td>0.57</td>
<td>0.95</td>
</tr>
<tr>
<td>Price Change %</td>
<td>-0.21%</td>
<td>13.64%</td>
<td>-5.32%</td>
<td>18.38%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2023/1701957608_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of Johnson Outdoors were trading at $53.72 as of December 05. Over the last 52-week period, shares are down 21.0%. 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.

Earnings Outlook For Johnson Outdoors

Today, October 27, 2023, Johnson Outdoors (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JOUT#NASDAQ">JOUT</a>) will distribute a dividend payout of $0.33 per share, highlighting an annualized dividend yield of 2.52%. Shareholders who owned the stock before the ex-dividend date on October 12, 2023 will be eligible for this payout.
<h3>Johnson Outdoors Recent Dividend Payouts</h3>
<style>
 table {
 width: 100%;
 border-collapse: collapse;
 font-family: Arial, sans-serif;
 font-size: 14px;
 }

 th, td {
 padding: 8px;
 text-align: left;
 }

 th {
 background-color: #293a5a;
 color: #fff;
 text-align: left;
 }

 tr:nth-child(even) {
 background-color: #f2f4f8;
 }

 tr:hover {
 background-color: #e1e4ea;
 }

 td:nth-child(3), td:nth-child(5) {
 text-align: left;
 }

 .dividend-amount {
 font-weight: bold;
 color: #0d6efd;
 }

 .dividend-frequency {
 font-size: 12px;
 color: #6c757d;
 }
 </style><table>
<thead>
<tr>
<th>Ex-Date</th>
<th style="text-align: right;">Payments per year</th>
<th>Dividend</th>
<th>Yield</th>
<th>Announced</th>
<th>Record</th>
<th>Payable</th>
</tr>
</thead>
<tbody>
<tr>
<td>2023-10-12</td>
<td style="text-align: right;">4</td>
<td>$0.33</td>
<td>2.52%</td>
<td>2023-09-29</td>
<td>2023-10-13</td>
<td>2023-10-27</td>
</tr>
<tr>
<td>2023-07-12</td>
<td style="text-align: right;">4</td>
<td>$0.31</td>
<td>2.13%</td>
<td>2023-05-25</td>
<td>2023-07-13</td>
<td>2023-07-27</td>
</tr>
<tr>
<td>2023-04-12</td>
<td style="text-align: right;">4</td>
<td>$0.31</td>
<td>1.96%</td>
<td>2023-03-02</td>
<td>2023-04-13</td>
<td>2023-04-27</td>
</tr>
<tr>
<td>2023-01-11</td>
<td style="text-align: right;">4</td>
<td>$0.31</td>
<td>2.19%</td>
<td>2022-12-08</td>
<td>2023-01-12</td>
<td>2023-01-26</td>
</tr>
<tr>
<td>2022-10-12</td>
<td style="text-align: right;">4</td>
<td>$0.31</td>
<td>2.39%</td>
<td>2022-09-29</td>
<td>2022-10-13</td>
<td>2022-10-27</td>
</tr>
<tr>
<td>2022-07-13</td>
<td style="text-align: right;">4</td>
<td>$0.3</td>
<td>1.93%</td>
<td>2022-05-26</td>
<td>2022-07-14</td>
<td>2022-07-28</td>
</tr>
<tr>
<td>2022-04-13</td>
<td style="text-align: right;">4</td>
<td>$0.3</td>
<td>1.5%</td>
<td>2022-02-25</td>
<td>2022-04-14</td>
<td>2022-04-28</td>
</tr>
<tr>
<td>2022-01-12</td>
<td style="text-align: right;">4</td>
<td>$0.3</td>
<td>1.2%</td>
<td>2021-12-09</td>
<td>2022-01-13</td>
<td>2022-01-27</td>
</tr>
<tr>
<td>2021-10-14</td>
<td style="text-align: right;">4</td>
<td>$0.3</td>
<td>1.13%</td>
<td>2021-10-01</td>
<td>2021-10-15</td>
<td>2021-10-29</td>
</tr>
<tr>
<td>2021-07-14</td>
<td style="text-align: right;">4</td>
<td>$0.21</td>
<td>0.68%</td>
<td>2021-05-28</td>
<td>2021-07-15</td>
<td>2021-07-29</td>
</tr>
<tr>
<td>2021-04-14</td>
<td style="text-align: right;">4</td>
<td>$0.21</td>
<td>0.7%</td>
<td>2021-02-26</td>
<td>2021-04-15</td>
<td>2021-04-29</td>
</tr>
<tr>
<td>2021-01-13</td>
<td style="text-align: right;">4</td>
<td>$0.21</td>
<td>0.96%</td>
<td>2020-12-10</td>
<td>2021-01-14</td>
<td>2021-01-28</td>
</tr>
</tbody>
</table>
Johnson Outdoors's dividend yield falls in the middle range when compared to its industry peers, with Hasbro (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HAS#NASDAQ">HAS</a>) having the highest annualized dividend yield at 5.79%.
<h3>Analyzing Johnson Outdoors Financial Health</h3>
Companies that pay out steady cash dividends are attractive to income-seeking investors, and companies that are financially healthy tend to maintain their dividend payout schedule. For this reason, investors can find it insightful to see if a company has been increasing or decreasing their dividend payout schedule and if their earnings are growing. 
<h3>YoY Growth in Dividend Per Share</h3>
<img src="https://www.benzinga.com/files/images/story/2023/1698419126_0.png" alt="dividend chart graph" />
During the period of 2019 to 2022, the company experienced a notable growth in its dividend per share. The dividend per share increased from $0.62 to $1.22, reflecting the company's focus on providing greater returns to its shareholders.
<h3>YoY Earnings Growth For Johnson Outdoors</h3>
<img src="https://www.benzinga.com/files/images/story/2023/1698419126_1.png" alt="earning chart graph" />
From 2019 to 2022, Johnson Outdoors experienced a decrease in earnings per share, dropping from $5.11 to $4.37. This declining earnings trend may be worrisome for income-seeking investors, as it indicates a potential impact on the company's ability to sustain or increase its cash dividend payouts. Further analysis is necessary to understand the underlying reasons for this decrease.
<h3>Recap</h3>
In this article, we explore the recent dividend payout of Johnson Outdoors and its significance for shareholders. The company has decided to distribute a dividend of $0.33 per share today, which equates to an annualized dividend yield of 2.52%.
Johnson Outdoors's dividend yield falls in the middle range when compared to its industry peers, with Hasbro having the highest annualized dividend yield at 5.79%.
The rising dividend per share and declining earnings per share of Johnson Outdoors from 2019 to 2022 indicate a deliberate choice to prioritize dividend distribution over earnings performance.
To stay informed about changes in financials or dividend disbursements, investors should pay close attention to the company's performance in the upcoming quarters.
[Track real-time stock fluctuations for Johnson Outdoors on Benzinga.](https://www.benzinga.com/quote/Johnson Outdoors (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/jout#NASDAQ">JOUT</a>))
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Johnson Outdoors Supports Customers through Tough Times, Supporting Shareholders through Changes

The product lines will be available for sale as it winds down operations and plans on fulfilling all customer requirements through the end of 2024.Additionally, the company expects to take a charge of approximately&nbsp;$4 million&nbsp;in fiscal year 2023 related to this decision,

Johnson Outdoors Says It Is Exiting Its Eureka Product Lines; Expect This To Negatively Impact Company Sales By Less Than 1% For FY24

Johnson Outdoors Increases Quarterly Cash Dividend Of $0.33 Per Class A share And $0.30 Per Class B Share, Payable On October 27, 2023, To Shareholders Of Record At The Close Of Business On October 13, 2023

Johnson Outdoors Inc. (JOUT) Q3 2024 Earnings Call Transcript

Warning: JOUT is at high risk of performing badly

Johnson Outdoors: Still Weak Trends

Johnson Outdoors declares $0.33 dividend

Johnson Outdoors ( ($JOUT) ) has provided an update. Johnson Outdoors Inc., a prominent player in the outdoor recreation industry, has announced a ...

Johnson Outdoors Announces Quarterly Cash Dividend Payout

Dividend Champion, Contender, And Challenger Highlights: Week Of October 6

This week, several dividend stocks are trading close to their 52-week lows. Here is a list of ten such stocks that are also reaching their ex-divid...

Ex-Dividend Date Nearing for These 10 Stocks – Week of October 7, 2024

Dividend Champion, Contender, And Challenger Highlights: Week Of October 20

Johnson Outdoors: More Discipline Required

Clarus: A Turnaround Play Starting To Take Shape, Hold For Now

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Press Releases

Johnson Outdoors Inc. Annual Shareholders Meeting

Johnson Outdoors to Release Fiscal 2024 First Quarter Results on February 2, 2024

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