Johnson Outdoors: Upgrading To Buy On Inventory Progress
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Johnson Outdoors ended FY24 with a disappointing final quarter, resulting in an operating loss of $43.5 million and an 11% drop in net sales. The company is making progress in converting excess inventory, which has been a significant downside risk.
December 15, 2024 | 12:45 pm
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Johnson Outdoors reported a $43.5 million operating loss for FY24, with an 11% decline in net sales. However, the company is making progress in reducing its high inventory levels, which have been a significant risk.
The operating loss and sales decline are negative, but the progress in reducing excess inventory is a positive development. This could lead to improved financial performance in the future, making the stock more attractive.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100