Company: JOUT
Filing Date: 2025-02-03
Form Type: 10-Q
Source: 0001140361-25-002853
Chunk: 42

Company: JOHNSON OUTDOORS INC
Filing Date: 2025-02-03
Form: 10-Q
Item: Item 2
Chunk 42
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— %27 %47 %21 %21 %March30 %1 %30 %97 %26 %23 %June29 %1 %28 %149 %27 %36 %September18 %98 %15 %(193)%26 %20 % 100 %100 %100 %100 %100 %100 %

Results of Operations

The Company’s net sales and operating profit (loss) by business segment for the periods shown below were as follows:

 Three Months Ended December 27, 2024December 29, 2023Net sales:Fishing$82,472 $110,492 Camping & Watercraft Recreation9,451 10,726 Diving15,684 17,478 Other / Corporate / Eliminations42 (52)Total$107,649 $138,644 Operating (loss) profit:Fishing$(8,261)$11,529 Camping & Watercraft Recreation(646)(1,720)Diving(908)(578)Other / Corporate / Eliminations(10,424)(9,185)Total$(20,239)$46 

See “Note 16 – Segments of Business” of the notes to the accompanying Condensed Consolidated Financial Statements for the definition of segment net sales and operating profit.

Net Sales

Consolidated net sales for the three months ended December 27, 2024 were $107,649, a decrease of $30,995, or 22%, compared to $138,644 for the three months ended December 29, 2023.  Foreign currency translation had a negligible impact on current year first quarter net sales compared to the prior year's first quarter net sales.

Net sales for the three months ended December 27, 2024 for the Fishing business were $82,472, a decrease of $28,020, or 25%, from $110,492 during the first fiscal quarter of the prior year.  Challenging consumer and trade dynamics, increased competitive pressure, and strong sell-in of new products in last year's quarter all contributed to the sales decline between quarters.    

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IndexJOHNSON OUTDOORS INC.

Net sales for the Camping & Watercraft Recreation business were $9,451 for the first quarter of the current fiscal year, a decrease of $1,275, or 12%, from the