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Earnings Call Summary | Johnson Outdoors(JOUT.US) Q2 2024 Earnings Conference

Futu News ·  May 4 17:24  · Conference Call

The following is a summary of the Johnson Outdoors Inc. (JOUT) Q2 2024 Earnings Call Transcript:

Financial Performance:

  • Johnson Outdoors reported a Q2 2024 sales decline of 15% to $175.9 million.

  • The company showed a year-to-date decrease of 17% compared to the same six-month period last year.

  • Operating loss for Q2 2024 was reported at $250,000, a significantly poor performance compared to a profit of $11.4 million in the same quarter of the previous year.

  • Net income for Q2 2024 was at $2.2 million, or $0.21 per diluted share.

Business Progress:

  • In the face of challenging market conditions, Johnson Outdoors is working on critical investments to overcome current difficulties and secure long-term growth.

  • The company has reinforced its product innovation efforts with the launch of the Minn Kota Quest Trolling Motor line.

  • A cost-saving program is being implemented for improved profitability.

  • Inventory reductions have been initiated across all categories.

  • Johnson Outdoors remains committed to sustainable, profitable growth across its brands.

More details: Johnson Outdoors IR

Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.

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