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Johnson Outdoors profit misses consensus by 43.8% in fiscal Q2

Johnson Outdoors Inc. said its normalized net income for the fiscal second quarter ended April 3 was 44 cents per share, compared with the S&P Capital IQ consensus estimate of 78 cents per share.

EPS decreased 39.7% year over year from 73 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $4.3 million, a decline of 39.2% from $7.0 million in the second quarter ended March 28, 2014.

The normalized profit margin dropped to 3.2% from 5.6% in the year-earlier period.

Total revenue grew 7.1% on an annual basis to $133.1 million from $124.3 million, and total operating expenses grew 11.3% year over year to $125.5 million from $112.7 million.

Reported net income declined 51.0% on an annual basis to $3.5 million, or 36 cents per share, from $7.1 million, or 74 cents per share.