Company: JOUT
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0001140361-25-017047
Chunk: 46

Company: JOHNSON OUTDOORS INC
Filing Date: 2025-05-02
Form: 10-Q
Item: Item 2
Chunk 46
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 months ended March 28, 2025, gross profit as a percentage of net sales remained flat at 35.0% compared to 34.9% in the three month period ended March 29, 2024.

For the six months ended March 28, 2025, gross profit as a percentage of net sales was 33.0% compared to 36.3% in the six month period ended March 29, 2024.  The decline in gross profit percentage over the prior year-to-date period was primarily due to promotional pricing on end-of-life products and changes in product mix toward lower margin products between year-to-date periods.  

Operating Expenses

Operating expenses were $53,965 for the three months ended March 28, 2025, compared to $61,684 for the three months ended March 29, 2024, for a decrease of $7,719 between quarters.  The main drivers of the decrease were lower sales volume-driven expenses compared to the prior year quarter, as well as a decrease in promotions expense and a $3,370 decrease in expense related to the Company's deferred compensation plan between periods.  

Operating expenses were $106,387 for the six months ended March 28, 2025, compared to $114,492 for the six months ended March 29, 2024, for a decrease of $8,105 between year-to-date periods.  Decreased sales volume-driven expenses and a $5,961 decrease in expense related to the Company's deferred compensation plan contributed to the decrease compared to the prior year to date period.

Operating Loss/Profit

Operating profit on a consolidated basis for the three month period ended March 28, 2025 was $4,901, compared to operating loss of $253 in the second quarter of the prior fiscal year.   As discussed above, the increase in operating profit between quarters was driven by a reduction in operating expenses that more than offset the decrease in gross profit caused by lower sales volumes between periods.  

Operating loss on a consolidated basis for the six month period ended March 28, 2025 was $15,338, compared to $207 in the prior year to date period.   As discussed above, the increase in operating loss between periods was driven primarily by lower sales volumes, promotional pricing and changes in product mix toward lower margin products between year-to-date periods. 

Interest

Interest expense was $68 and $40 for the three months ended March 28, 2025 and March