Johnson Outdoors Q3 revenue rises 5% on fishing, diving growth
Johnson Outdoors Q3 revenue rises 5% on fishing, diving growth
Overview
U.S. outdoor equipment maker's fiscal Q3 revenue rose 5% yr/yr on growth in fishing, diving
Gross margin improved, helped by $15 mln in tariff refunds
Outlook
Company says macroeconomic conditions remain uncertain, with a cautious outlook on costs and tariffs
Result Drivers
FISHING AND DIVING GROWTH - Co said higher sales in Fishing, driven by Minn Kota and pricing actions, and in Diving, led by strong sales in regulators and buoyancy compensator devices, contributed to revenue growth
TARIFF REFUNDS - Gross margin improvement was helped by about $15 mln in tariff refunds received in the quarter
CAMPING & WATERCRAFT WEAKNESS - Camping & Watercraft Recreation sales declined 13%, primarily due to weak marketplace conditions in these segments
Company press release: ID:nGNX3mVGZD
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Sales | Beat | $189.73 mln | $186.19 mln (1 Analyst) |
Q3 EPS |
| $1.42 |
|
Q3 Net Income |
| $14.95 mln |
|
Q3 Gross Profit |
| $85.94 mln |
|
Q3 Operating Income |
| $18.34 mln |
|
Q3 Pretax Profit |
| $23.30 mln |
|
Analyst Coverage
Wall Street's median 12-month price target for Johnson Outdoors Inc is $55.00, about 15.7% above its August 6 closing price of $47.55
The stock recently traded at 25 times the next 12-month earnings vs. a P/E of 28 three months ago
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Aug 6 - Nephros Q2 profit rises on higher revenue, tariff refund
Aug 5 - US refunds $100 billion in tariffs struck down by Supreme Court, filing shows
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)