The Latest Breaking News from Johnson Outdoors Inc

Outdoor recreation equipment and technology company Johnson Outdoors (JOUT) has delivered steady returns despite the uncertainties, supported by its fundamentals. Let’s delve deeper into JOUT’s key financial metrics to understand whether this stock could be worth buying now.

Johnson Outdoors Inc (NASDAQ:JOUT) reported a second-quarter FY22 sales decline of 8% year-on-year to $189.62 million, missing the consensus of $202.32 million. EPS of $0.97 missed the analyst consensus of $1.85. The gross margin contracted 903 basis points Y/Y to 36.2%, primarily due to increased materials and inbound freight costs driven by supply…

Despite continuing logistical disruptions, the outdoor-focused retail industry is expected to benefit from rising demand as we head into summer. So, we think it could be wise now to bet on quality outdoor-focused retail stocks Vista Outdoor (VSTO), Johnson Outdoors (JOUT), Academy Sports and Outdoors (ASO), and Columbia Sportswear (COLM).…

Outdoor recreation increased with the easing of the pandemic-related restrictions last year, and 2022 is expected to follow that pattern as people become increasingly conscientious about their mental and physical well-being. Furthermore, hybrid working arrangements provide people with greater scope to participate in outdoor recreational activities. So, against this backdrop,…