The Latest Breaking News from JOUT

The recreation sector is expected to remain robust in the near term as people hit the outdoors this summer. Therefore, fundamentally strong recreation stocks Brunswick (BC), Vista Outdoor (VSTO), and Johnson Outdoors (JOUT) might be solid buys. Read on.

The leisure sector is expected to stay buoyed in the foreseeable future. Thus, it could be beneficial to invest in Brunswick Corp (BC) and Johnson Outdoors (JOUT). However, as macroeconomic conditions remain challenging, Latham Group (SWIM) could best be avoided now. Read more….

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,…

Pulled from Benzinga Pro data, Johnson Outdoors (NASDAQ:JOUT) posted Q1 earnings of $10.86 million, an increase from Q4 of 56.74%. Sales dropped to $153.52 million, a 7.66% decrease between quarters.

Johnson Outdoors Inc (NASDAQ:JOUT) reported a first-quarter FY22 sales decline of 7.3% year-on-year, to $153.52 million, missing the analyst consensus of $157.48 million. EPS of $1.07 beat the analyst consensus of $0.90. The gross margin contracted 580 basis points Y/Y to 39.5%, reflecting higher raw materials and freight costs. Operating expenses declined 8.9%…