- Johnson Outdoors Inc (NASDAQ:JOUT) reported first-quarter FY23 sales growth of 16.1% year-on-year to $178.34 million, beating the consensus of $167.55 million.
- EPS of $0.57 was in-line with the analyst consensus.
- Fishing sales increased 27%, driven primarily by improved supply and component availability and price increases.
- Camping revenue declined 18%, as consumer demand declined from increased levels seen during the pandemic.
- Watercraft Recreation revenue declined 34%.
- Gross margin contracted 430 basis points Y/Y to 35.2%, primarily due to increased cost of sales due to high material and freight costs in inventory.
- Operating expenses rose 22% Y/Y to $57.3 million. The operating margin was 3.1%, and operating income for the quarter fell 60.2% to $5.4 million.
- The company held $103.4 million in cash and equivalents as of Dec. 30, 2022.
- Price Action: JOUT shares are trading lower by 0.83% at $70.90 on the last check Friday.
Build-A-Bear Workshop Q1 EPS $0.89 Beats $0.66 Estimate, Sales $117.70M Beat $98.29M Estimate
Build-A-Bear Workshop (NYSE:BBW) reported quarterly earnings of $0.89 per share which beat the analyst consensus estimate of $0.66 by 34.85 percent. This is a 48.33 percent increase over earnings of $0.60 per share from
