Johnson Outdoors: Rises on upbeat results in 'seasonally slow' Q1
31/01/2020 14:59
** Shares of kayak maker JOUT.O up 7.4% at $82.03, an
eight-month high, after posting strong Q1 results
** JOUT reports total net sale increase of 22% to $128.1
mln, helped by strong demand for its diving and camping
products, in what the company calls a "seasonally slow" quarter
** Continue to expect moderate sales growth for full fiscal
year - CFO David Johnson
** Profit nearly doubles to 64 cents per share urn:newsml:reuters.com:*:nGNX3HPhrH
** Co says impact of China tariffs to be about $4 mln to $5
mln on fiscal 2020 profit; JOUT had previously estimated $5 mln
to $6 mln impact on operating profit urn:newsml:reuters.com:*:nGNX3XyWDC
** Shares set for best day in about two months, if gains
hold
** Including session's gain, shares up 7% this year
(Reporting by Praveen Paramasivam in Bengaluru)
((Praveen.Paramasivam@ThomsonReuters.com))