Johnson Outdoors stock jumps 2.7% premarket after revenue beat driven by strength in fishing business

Johnson Outdoors Inc. stock JOUT rose 2.7% in premarket trade Friday, after the maker of outdoor recreation equipment topped revenue estimates for its fiscal first quarter, thanks to strength in its fishing business. The Racine, Wisc.-based company posted net income of $5.9 million, or 47 cents a share, for the quarter to Dec. 30, down from $10.9 million, or $1.07 a share, in the year-earlier period. Revenue climbed 16% to $178.3 million.

07 a share, in the year-earlier period. Revenue climbed 16% to $178.3 million. The FactSet consensus was for EPS of 57 cents and revenue of $168 million. “We saw positive momentum in our Fishing business as supply constraints continued to ease and we worked hard to fill customer orders,” Chief Executive Helen Johnson-Leipold said in a statement. The camping and watercraft business saw some softening after a pandemic-driven increase in demand in the last few years, she said.

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

5 things to know before the stock market opens FridayHere are the most important news items that investors need to start their trading day. Please stop the Joe Scarborough segments....msnbc is destroying your credibility. TRUE STORY How do I go viral so that I can find 30 people with 8mins of free time in this pool of 400 million to read a few stories? Pls don't judge without reading, I am trying to find little help through my stories and a book for my family. Link in pinned tweet. Too much to ask?
Источник: CNBC - 🏆 12. / 72 Прочитайте больше »