Johnson Outdoors's Return on Invested Capital Insights
Portfolio Pulse from Benzinga Insights
Johnson Outdoors (NASDAQ:JOUT) reported Q2 earnings of $14.86 million, a 152.78% increase from Q1, and sales of $202.12 million, a 13.33% increase since Q1. The company posted a return on invested capital (ROIC) of 2.24%, indicating effective capital allocation. Q2 earnings per share were $1.45, beating analyst predictions of $0.84.
May 19, 2023 | 2:53 pm
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POSITIVE IMPACT
Johnson Outdoors reported strong Q2 earnings and sales growth, with a positive ROIC of 2.24%, indicating effective capital allocation. The company's EPS beat analyst predictions.
Johnson Outdoors' Q2 earnings and sales growth, along with a positive ROIC, indicate effective capital allocation and potential for future growth. The company's EPS beat analyst predictions, which could lead to increased investor confidence and a short-term positive impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100