Johnson Outdoors, Inc. reported that total company net sales in the third quarter declined 8 percent to $172.5 million compared to $187.0 million in the prior-year third fiscal quarter.
Gross margin was 35.8 percent, or net sales for the third quarter, compared to 41.5 percent in the prior-year Q3 period.
Operating expenses of $62.3 million increased $2.2 million from the prior-year period.
Net income was $1.6 million, or 16 cents per diluted share, versus $14.8 million, or $1.44 per diluted share in the prior-year third quarter.
Image courtesy Johnson Outdoors/Eureka
Read below for more insight on Johnson Outdoors, including commentary from the company’s CEO and segment performance:
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