Company: JOUT
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0001140361-25-017047
Chunk: 43

Company: JOHNSON OUTDOORS INC
Filing Date: 2025-05-02
Form: 10-Q
Item: Item 2
Chunk 43
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 Company's Diving segment completed an acquisition of a scuba equipment manufacturer for $12,197, which is expected to provide new innovative products, unlock synergies and enhance operating efficiencies for this segment.  See “Note 18 – Acquisitions” of the notes to the accompanying Condensed Consolidated Financial Statements for additional information.  

Seasonality

The Company’s business is seasonal in nature. The second fiscal quarter traditionally falls within the Company’s primary selling season for its warm-weather outdoor recreation products.  The table below sets forth a historical view of the Company’s seasonality during the last three fiscal years.   

 Fiscal Year 202420232022Quarter EndedNetSalesOperatingLossNetSalesOperatingProfit (Loss)NetSalesOperatingProfitDecember23 %— %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:

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IndexJOHNSON OUTDOORS INC.

 Three Months EndedSix Months Ended March 28, 2025March 29, 2024March 28, 2025March 29, 2024Net sales:  Fishing$134,891 $138,608 $217,363 $249,100 Camping & Watercraft Recreation17,852 20,248 27,303 30,974 Diving15,820 16,924 31,504 34,402 Other / Corporate / Eliminations(214)76 (172)24 Total$168,349 $175,856 $275,998 $314,500 Operating profit (loss):  Fishing$9,469 $7,427 $1,208 $18,956 Camping & Watercraft Recreation1,246 1,223 600 (497)Diving(413)(298)(1,321)(876)Other / Corporate / Eliminations(5,401)(8,605)(15,825)(17,790)Total