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Johnson Outdoors fiscal Q1 loss widens YOY

Johnson Outdoors Inc. said its normalized net income for the fiscal first quarter ended Jan. 2 amounted to a loss of 43 cents per share, compared with the S&P Capital IQ consensus estimate of a loss of 32 cents per share.

The per-share loss increased year over year from 18 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of $4.3 million, compared with a loss of $1.8 million in the first quarter ended Dec. 27, 2013.

The normalized profit margin declined to negative 6.1% from negative 2.3% in the year-earlier period.

Total revenue fell 10.5% year over year to $70.8 million from $79.1 million, and total operating expenses decreased year over year to $78.2 million from $82.0 million.

Reported net income totaled a loss of $4.2 million, or a loss of 43 cents per share, compared to a loss of $2.2 million, or a loss of 23 cents per share, in the first quarter ended Dec. 27, 2013.