Johnson Outdoors Q1 EPS $0.38 Beats $0.15 Estimate, Sales $138.64M Miss $140.44M Estimate
Portfolio Pulse from Benzinga Newsdesk
Johnson Outdoors reported Q1 earnings of $0.38 per share, surpassing the $0.15 estimate, but sales of $138.64M fell short of the $140.44M forecast. This represents a 33.33% decrease in earnings and a 22.26% decrease in sales from the previous year.
February 02, 2024 | 11:04 am
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Johnson Outdoors reported higher-than-expected Q1 earnings per share but missed sales estimates, with both earnings and sales seeing significant year-over-year declines.
While the earnings per share exceeded expectations, the miss on sales estimates and the significant year-over-year declines in both earnings and sales could lead to mixed investor sentiment. The positive earnings surprise may support the stock price, but the sales miss and declines could temper gains, leading to a neutral short-term impact.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100