NASDAQ$JOUT
Johnson Outdoors Inc. · Q3 2023 earnings
Q3 2023 earnings · · Investor relations
Briefing
Reported lower sales but increased net income due to moderating demand and improved gross margin.
Johnson Outdoors reported a decrease in net sales by 8% to $187.0 million, reflecting moderating demand. However, net income increased to $14.8 million, or $1.44 per diluted share, driven by improved gross margins due to price increases and lower costs.
- Net sales decreased by 8% to $187.0 million compared to the prior year.
- Net income increased to $14.8 million, or $1.44 per diluted share, compared to $14.1 million, or $1.38 per diluted share in the previous year.
- Gross margin improved to 41.5 percent, driven by price increases and lower freight and materials costs.
- Operating expenses increased due to deferred compensation expense, higher warranty expense, and advertising and promotion costs.
Headline financials
Revenue & EPS history
Johnson Outdoors · Revenue · Quarterly
$187M
Forward guidance
The company is focused on improving operational efficiency to strengthen margins and managing inventories appropriately as they enter the off season. Their balance sheet remains debt-free and their healthy cash position continues to provide them with the flexibility and resources necessary to invest in strategic opportunities to strengthen the business and consistently pay dividends to shareholders.
Tailwinds
- Continuing to improve operational efficiency
- Strengthening margins
- Managing inventories appropriately
- Debt-free balance sheet
- Healthy cash position
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 2023
+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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