Company: JOUT
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0001140361-25-017047
Chunk: 44

Company: JOHNSON OUTDOORS INC
Filing Date: 2025-05-02
Form: 10-Q
Item: Item 2
Chunk 44
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$4,901 $(253)$(15,338)$(207)

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 - Second Fiscal Quarter

Consolidated net sales for the three months ended March 28, 2025 were $168,349, a decrease of $7,507, or 4%, compared to $175,856 for the three months ended March 29, 2024.  Foreign currency translation had a negligible impact on current year second quarter net sales compared to the prior year's second quarter net sales.

Net sales for the three months ended March 28, 2025 for the Fishing business were $134,891, a decrease of $3,717, or 3%, from $138,608 during the second fiscal quarter of the prior year.  The sales decline between quarters was due to continued challenging consumer and trade dynamics in this market.

Net sales for the Camping & Watercraft Recreation business were $17,852 for the second quarter of the current fiscal year, a decrease of $2,396, or 12%, from the prior year net sales during the same period of $20,248.  As previously announced, the Company exited the Eureka! brand in this segment and completed all sales of Eureka! inventory in the first fiscal quarter of 2025.  There were no Eureka! sales in the current year second quarter, compared to approximately $2,950 of Eureka! sales in the prior year quarter.  Excluding the impact of Eureka! sales in the prior year quarter, sales in this segment increased slightly over the prior year quarter due to success of new Jetboil products introduced into the market by the Company.   

Net sales for Diving for the second quarter of fiscal 2025 were $15,820, which declined $1,104, or 7%, compared to net sales of $16,924 for the three months ended March 29, 2024.  The sales decline compared to the prior year quarter was mainly due to continuing soft market demand for our Diving segment products across all geographic regions, driven by global economic uncertainty.  Foreign currency translation had a favorable impact of less than 1% on sales in this segment versus the prior year quarter.  

Net Sales - Year-To-Date

Consolidated net sales for the six months ended March 28, 2025