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RACINE, Wis. - On Friday, Johnson Outdoors Inc. (NASDAQ:JOUT) reported second-quarter earnings that fell short of analyst expectations, as the outdoor recreation equipment maker faced continued market challenges and a cautious retail environment.
The company’s stock was up 0.08% in premarket trading following the earnings release.
The company posted earnings per share of $0.22 for the quarter ended March 28, 2025, missing the analyst estimate of $0.66. Revenue declined 4% YoY to $168.35 million, below the consensus forecast of $178.27 million.
"Our second quarter results reflect continued market challenges and a cautious retail and trade environment," said Helen Johnson-Leipold, Chairman and Chief Executive Officer. "However, we saw positive results from new products in Humminbird and Jetboil, underscoring the critical importance of our ongoing investment in innovation."
Johnson Outdoors’ fishing segment, its largest business, saw revenue decrease 3% due to market dynamics affecting consumers. Camping and watercraft recreation sales fell 12%, while diving sales dropped 7% on softening demand across regions.
Looking ahead, Johnson-Leipold noted that tariffs will impact the business despite its U.S.-based manufacturing. "We are working on multiple paths to mitigate as much of the tariff impact as possible," she said.
Chief Financial Officer David W. Johnson added, "Although we’ve been focused on strategically managing costs while also making investments to strengthen the business, the evolving macroeconomic situation brings additional challenges."
Johnson Outdoors ended the quarter with $94 million in cash and short-term investments. The company’s board approved a quarterly cash dividend payable on April 24, 2025.
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