Johnson Outdoors Q3 sales beat estimates
Overview
Johnson Outdoors fiscal Q3 sales rise 5% to $180.7 mln, beating estimates
Operating profit reaches $7.3 mln, reversing prior year loss of $0.5 mln
Net income jumps to $7.7 mln, or $0.75 per share, from $1.6 mln
Outlook
Johnson Outdoors, fishing and camping equipment maker, addresses tariff uncertainties with strategic cost mitigation
Company aims to end year with strong brand positioning
Result Drivers
FISHING SEGMENT - Revenue increased 8% due to success of new products
DIVING SEGMENT - Revenue rose 7% due to stronger market conditions and favorable currency translation
CAMPING & WATERCRAFT - Sales declined 14% due to exit of Eureka! business, but would have improved 3% excluding this impact
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Sales | Beat | $180.66 mln | $176.60 mln (1 Analyst) |
Q3 EPS |
| $0.75 |
|
Q3 Net Income |
| $7.74 mln |
|
Q3 Gross Profit |
| $67.93 mln |
|
Q3 Operating Income |
| $7.33 mln |
|
Q3 Pretax Profit |
| $10.50 mln |
|
Analyst Coverage
Wall Street's median 12-month price target for Johnson Outdoors Inc is $50.00, about 33.6% above its July 31 closing price of $33.20
The stock recently traded at 29 times the next 12-month earnings vs. a P/E of 29 three months ago
Press Release: ID:nGNX5bX1cN
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