The following is a summary of the Johnson Outdoors Inc. (JOUT) Q3 2024 Earnings Call Transcript:

Financial Performance:

• Johnson Outdoors reported a decline in Q3 2024 sales by 8% to $172.5 million from $187 million in Q3 2023.

• The company reported an operating loss of approximately $500,000 for Q3 2024 compared to an operating profit of $17.4 million in Q3 2023.

• Net income for Q3 2024 was $1.6 million, or $0.16 per diluted share, a significant decrease from $14.8 million, or $1.47 per diluted share, in Q3 2023.

Business Progress:

• Johnson Outdoors is focused on reducing inventory levels, expanding cost savings actions, and evaluating cost structure for additional efficiency opportunities.

• The company is investing in innovation, digital and e-commerce capabilities to drive growth and improve profitability.

Opportunities:

• Johnson Outdoors views the outdoor recreation marketplace as resilient and attractive over the long term, and is poised to benefit from an eventual market recovery.

• Investment in innovation and digital/e-commerce capabilities is seen as key to capturing future market opportunities.

Risks:

• Continued tough marketplace conditions and depressed consumer demand for outdoor recreation products significantly impacted the company's results for the quarter.

More details: Johnson Outdoors IR

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