Company: JOUT
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0001140361-25-017047
Chunk: 48

Company: JOHNSON OUTDOORS INC
Filing Date: 2025-05-02
Form: 10-Q
Item: Item 2
Chunk 48
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 and 31.4% in the corresponding periods of the prior year. 

Net Income/Loss

Net income for the three months ended March 28, 2025 was $2,304, or $0.22 per diluted common class A and B share, compared to $2,156, or $0.21 per diluted common class A and B share, for the second quarter of the prior fiscal year.

Net loss for the six months ended March 28, 2025 was $12,986, or $1.26 per diluted common class A and B share, compared to net income of $6,111, or $0.59 per diluted common class A and B share, for the second quarter of the prior fiscal year.

Liquidity and Financial Condition

Cash and cash equivalents and short term investments totaled $93,951 as of March 28, 2025, compared to $84,270 as of March 29, 2024.  The Company’s debt to total capitalization ratio was 0% as of March 28, 2025 and March 29, 2024.  The Company’s total debt balance was $0 as of each of March 28, 2025 and March 29, 2024.  See “Note 11 – Indebtedness” in the notes to the Company’s accompanying condensed consolidated financial statements for further discussion.

Accounts receivable, net of allowance for credit losses, were $116,776 as of March 28, 2025, a decrease of $12,569 compared to $129,345 as of March 29, 2024.  The decrease is consistent with the decreased sales volumes year over year.  Inventories were $180,057 as of March 28, 2025, a decrease of $69,144, compared to $249,201 as of March 29, 2024.  The decrease is consistent with the Company's ongoing efforts to reduce inventory balances.  Accounts payable were $44,323 at March 28, 2025 compared to $50,374 as of March 29, 2024.

The Company’s cash flows from operating, investing and financing activities, as presented in the Company’s accompanying Condensed Consolidated Statements of Cash Flows, are summarized in the following table:

 Six months ended(thousands)March 28,2025March 29,2024Cash (used for) provided by:  Operating activities$(