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Johnson Outdoors fiscal Q1 loss narrows YOY

Johnson Outdoors Inc. said its normalized net income for the fiscal first quarter ended Jan. 1 came to a loss of 3 cents per share, compared with the S&P Capital IQ consensus estimate of a loss of 32 cents per share.

The per-share loss decreased 92.5% year over year from 43 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of $324,380, compared with a loss of $4.3 million in the prior-year period.

The normalized profit margin increased to negative 0.4% from negative 6.1% in the year-earlier period.

Total revenue climbed 20.4% on an annual basis to $85.3 million from $70.8 million, and total operating expenses rose 10.3% from the prior-year period to $86.2 million from $78.2 million.

Reported net income totaled a loss of $499,050, or a loss of 5 cents per share, compared to a loss of $4.2 million, or a loss of 43 cents per share, in the prior-year period.