Brief: Johnson Outdoors Q1 Sales Fall 10 Percent To $104.4 Million

Johnson Outdoors

04/02/2019 11:24

Feb 4 (Reuters) - Johnson Outdoors Inc  JOUT.O :
    * JOHNSON OUTDOORS REPORTS FISCAL FIRST QUARTER RESULTS
    * Q1 EARNINGS PER SHARE $0.35
    * Q1 SALES FELL 10 PERCENT TO $104.4 MILLION
    * CASH AND SHORT-TERM INVESTMENTS IMPROVED $25.9 MILLION TO
$104.2
MILLION IN CURRENT QUARTER VERSUS $78.3 MILLION IN PRIOR YEAR
PERIOD
    * EXPECT MODERATE SALES GROWTH FOR FULL YEAR
    * JOHNSON OUTDOORS - CONTINUE WORKING ON VARIOUS TARIFF
MITIGATION
EFFORTS, STILL PROJECTING THESE TO HAVE POTENTIAL $6-9 MILLION
IMPACT ON 2019 PROFITS
    * DURING Q1, RAMPING UP FOR PRIMARY SELLING PERIOD OF
WARM-WEATHER
OUTDOOR RECREATION PRODUCTS ACROSS Q2, Q3

Source text for Eikon:  ID:nGNX2wv6gj 
Further company coverage:  JOUT.O 

 ((Reuters.Briefs@thomsonreuters.com;))