NASDAQ$JOUT
Johnson Outdoors Inc. · Q3 2020 earnings
Q3 2020 earnings · · Investor relations
Briefing
Reported lower sales and net income due to the impact of the COVID-19 pandemic, with strong momentum in Fishing, Watercraft Recreation, and Camping partially offsetting the negative effects.
Johnson Outdoors reported a decrease in net sales and net income for the third quarter of 2020 compared to the prior year, primarily due to the COVID-19 pandemic's impact on operations. Strong performance in Fishing, Watercraft Recreation, and Camping during May and June was unable to fully offset the negative effects of stay-at-home mandates during the primary selling season.
- Net sales decreased by 21.5 percent to $138.4 million compared to $176.3 million in the prior year third quarter.
- Operating profit was $12.9 million, down from $28.0 million in the prior year's third quarter.
- Net income was $12.9 million, or $1.27 per diluted share, compared to $22.1 million, or $2.19 per diluted share, in the previous year’s third quarter.
- Gross margin remained flat at 45.2 percent, with reduced efficiencies from COVID-19 shutdowns offset by improved product mix and pricing.
Headline financials
Revenue & EPS history
Johnson Outdoors · Revenue · Quarterly
$138M
Forward guidance
The company aims to maintain the positive momentum of its Fishing, Watercraft Recreation, and Camping brands through the end of the year by capitalizing on the increased interest in outdoor activities.
Tailwinds
- Strong momentum in Fishing, Watercraft Recreation, and Camping in May and June.
- Increased interest in outdoor activities.
- Healthy cash position.
- Focus on ending the year strong.
- Debt-free balance sheet
Headwinds
- COVID-19 pandemic had a significant impact on the quarter.
- Stay-at-home mandates hit during the heart of the primary selling season.
- Travel restrictions continue to limit accessibility to Diving.
- Customer inventory and replenishment and consumer sell-through patterns have shifted due to COVID-19.
- Reduced efficiencies from COVID-19 shutdowns.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q3 2020
+0.2%
Avg return
Earnings day
-0.2%
Avg return
5 days after
+0.3%
Avg return
30 days after
41%
26 / 64 earnings
Positive
+18.0%
Q4 2022
Best reaction
-17.8%
Q1 2014
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q2 2026 | -0.4% | -26.2% | -16.5% | |
| Q1 2026 | -3.1% | +1.0% | -5.4% | |
| Q4 2025 | -0.5% | +1.9% | +2.4% | |
| Q2 2025 | +3.0% | +1.9% | +14.6% | |
| Q1 2025 | -9.0% | -10.6% | -20.3% | |
| Q4 2024 | +2.3% | +10.9% | -0.2% | |
| Q3 2024 | -10.3% | -10.5% | -9.6% | |
| Q2 2024 | -11.7% | -10.9% | -14.6% | |
| Q1 2024 | -3.5% | -3.7% | +0.3% | |
| Q4 2023 | -14.9% | -13.9% | -11.0% | |
| Q3 2023 | +1.9% | +2.2% | -1.9% | |
| Q2 2023 | +5.0% | +6.1% | +4.1% | |
| Q1 2023 | -9.5% | -8.3% | -11.0% | |
| Q4 2022 | +18.0% | +17.3% | +18.1% | |
| Q3 2022 | -1.1% | -0.3% | -12.4% | |
| Q2 2022 | -17.0% | -13.6% | -13.0% | |
| Q1 2022 | -2.5% | +1.3% | -4.3% | |
| Q4 2021 | +0.3% | +2.2% | -6.2% | |
| Q3 2021 | +3.4% | +0.4% | -4.4% | |
| Q2 2021 | -7.4% | -11.7% | -15.6% | |
| Q1 2021 | +7.9% | +7.8% | +17.7% | |
| Q4 2020 | +8.2% | +8.9% | +29.6% | |
| Q3 2020 | -3.9% | -6.8% | -10.0% | |
| Q2 2020 | +8.1% | +11.1% | +31.6% | |
| Q1 2020 | -2.0% | -3.2% | -18.3% | |
| Q4 2019 | +17.6% | +16.7% | +16.7% | |
| Q3 2019 | -4.5% | -9.9% | -15.8% | |
| Q2 2019 | +11.5% | +7.8% | -4.0% | |
| Q1 2019 | -2.0% | -3.4% | +7.0% | |
| Q4 2018 | -6.0% | -11.1% | -12.6% | |
| Q3 2018 | +15.6% | +18.7% | +27.3% | |
| Q2 2018 | +12.6% | +16.2% | +18.0% | |
| Q1 2018 | +11.4% | +10.2% | +3.6% | |
| Q4 2017 | -13.0% | -16.6% | -13.5% | |
| Q3 2017 | +9.7% | +11.7% | +20.7% | |
| Q2 2017 | +16.1% | +29.7% | +25.9% | |
| Q1 2017 | -7.7% | -8.5% | -0.4% | |
| Q4 2016 | -15.3% | -16.3% | -20.3% | |
| Q3 2016 | -8.3% | -6.6% | +15.4% | |
| Q2 2016 | +13.3% | — | — | |
| Q1 2016 | -3.2% | — | — | |
| Q4 2015 | -3.9% | — | — | |
| Q3 2015 | +15.2% | — | — | |
| Q2 2015 | -1.3% | — | — | |
| Q1 2015 | -5.1% | — | — | |
| Q4 2014 | -0.5% | — | — | |
| Q3 2014 | +5.5% | — | — | |
| Q2 2014 | -2.1% | — | — | |
| Q1 2014 | -17.8% | — | — | |
| Q4 2013 | -4.0% | — | — | |
| Q3 2013 | +3.8% | — | — | |
| Q2 2013 | -2.3% | — | — | |
| Q1 2013 | +0.4% | — | — | |
| Q4 2012 | -1.0% | — | — | |
| Q3 2012 | -0.8% | — | — | |
| Q2 2012 | -5.2% | — | — | |
| Q1 2012 | +7.0% | — | — | |
| Q4 2011 | -5.1% | — | — | |
| Q3 2011 | +13.1% | — | — | |
| Q2 2011 | +5.6% | — | — | |
| Q1 2010 | +4.5% | — | — | |
| Q4 2010 | -1.1% | — | — | |
| Q3 2010 | -1.3% | — | — | |
| Q2 2010 | +0.0% | — | — |
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