Johnson Outdoors Shares Decline 10% on Loss, Declining Revenue in 2024

Dow Jones

2024-12-10

By Denny Jacob

Shares of Johnson Outdoors fell 10% in premarket trading after revenue declined in 2024 compared with a year earlier.

Shares were trading around $31. The stock is down 36% on the year.

The outdoor recreation equipment manufacturer's revenue fell 11% to $592.8 million in the fiscal year from $663.8 million a year earlier. It also recorded a loss of $26.5 million compared to net income of $19.5 million during the same period.

The company cited challenging marketplace conditions and competitive pressures that resulted in weaker demand and sales across all its segments.

Write to Denny Jacob at denny.jacob@wsj.com

(END) Dow Jones Newswires

December 10, 2024 07:23 ET (12:23 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

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The stock is down 36% on the year. \n\n\n  The outdoor recreation equipment manufacturer's revenue fell 11% to $592.8 million in the fiscal year from $663.8 million a year earlier. It also recorded a loss of $26.5 million compared to net income of $19.5 million during the same period. \n\n\n  The company cited challenging marketplace conditions and competitive pressures that resulted in weaker demand and sales across all its segments. \n\n\n \n\n\n  Write to Denny Jacob at denny.jacob@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  December 10, 2024 07:23 ET (12:23 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-2","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"code":"91000000","status":"200"}}}