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Johnson Outdoors fiscal Q3 profit falls 13.3% YOY

Johnson Outdoors Inc. said its normalized net income for the fiscal third quarter ended July 3 was $1.03 per share, compared with the S&P Capital IQ consensus estimate of $1.19 per share.

EPS declined 14.1% year over year from $1.20.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $10.1 million, a decrease of 13.3% from $11.6 million in the third quarter ended June 27, 2014.

The normalized profit margin declined to 7.1% from 8.5% in the year-earlier period.

Total revenue increased year over year to $140.9 million from $137.1 million, and total operating expenses climbed on an annual basis to $124.5 million from $119.3 million.

Reported net income grew on an annual basis to $9.7 million, or $1 per share, from $4.5 million, or 47 cents per share.