Johnson Outdoors Inc (NASDAQ:JOUT) reported a significant decline in Q4 FY23 sales by 51% Y/Y to $96.34 million, missing estimates by a wide margin. The company also reported a larger-than-expected EPS loss of $(1.56), compared to the consensus of $(0.32). Gross margin contracted to 29.5%, and the company experienced a substantial operating loss of $(22.56) million. Despite this, JOUT declared a quarterly cash dividend and emphasized a focus on managing inventories and improving profitability for FY24. JOUT's stock price fell by 11.69% to $48.10.