Company: JOUT
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0001140361-25-017047
Chunk: 33

Company: JOHNSON OUTDOORS INC
Filing Date: 2025-05-02
Form: 10-Q
Item: Item 8
Chunk 33
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 Watercraft Recreation business were $27,303 for the six months ended March 28, 2025, a decrease of $3,671, or 12%, from the prior year net sales during the same period of $30,974.  As discussed above, the decrease over the 

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IndexJOHNSON OUTDOORS INC.

prior year to date period is mainly attributable to Eureka! sales in the prior year to date period that were not repeated in the current fiscal year due to the exit of the brand.

Diving net sales for the six months ended March 28, 2025 were $31,504, which declined $2,898, or 8%, compared to net sales of $34,402 for the six months ended March 29, 2024, due to continued soft market demand for our Diving segment products across all geographic regions.  Foreign currency translation had an unfavorable impact of less than 2% on sales in this segment versus the prior year to date period.

Cost of Sales

Cost of sales for the three months ended March 28, 2025 of $109,483 decreased $4,942 compared to $114,425 for the three months ended March 29, 2024, mainly due to a decrease in sales volumes over the prior year quarter. 

Cost of sales for the six months ended March 28, 2025 of $184,949 decreased $15,266 compared to $200,215 for the six months ended March 29, 2024, mainly due to the decrease in sales volumes, partially offset by a shift in mix to higher cost products between year to date periods. 

Gross Profit Margin

For the three 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