Johnson Outdoors Inc. JOUT reported dismal fourth-quarter fiscal 2024 (ended Sept. 27, 2024) results, with earnings and revenues missing the Zacks Consensus Estimate. The top line increased year over year, while the bottom line fell from the prior-year quarter figure.

Challenging market conditions and heightened competitive pressures led to reduced sales and an operating loss for the fiscal year 2024. The company anticipates the headwinds to persist in the near term.

Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.

JOUT prioritized investments aligned with its strategic goals while actively pursuing operational cost savings. The company emphasized driving consumer-focused innovation, refining the go-to-market strategy and enhancing operational efficiencies to drive growth.

JOUT’s Q4 Earnings & Revenues

Johnson Outdoors Inc. Price, Consensus and EPS Surprise

Johnson Outdoors Inc. price-consensus-eps-surprise-chart | Johnson Outdoors Inc. Quote

In the quarter under review, Johnson Outdoors reported an adjusted loss of $3.35 per share, wider than the Zacks Consensus Estimate of a loss of 98 cents. The company reported an adjusted loss per share of $1.56 in the prior year quarter.
 
JOUT reported quarterly net sales of $105.9 million, missing the consensus estimate of $115 million. The metric increased 9.9% year over year.

JOUT’s Operating Highlights

During the quarter, operating loss came in at $42.8 million compared with a loss of $22.6 million reported in the prior year period.

The gross profit plunged 12.4% year over year to $24.9 million.

Net loss during the quarter came in at $34.3 million compared with $16 million reported in the prior year period.

Johnson Outdoors’ Financial Highlights

As of Sept. 27, 2024, cash and cash equivalents totaled $162 million compared with $138.6 million as of Sept. 29, 2023. The company stated that it has no debt obligations.

JOUT’s Fiscal 2024 Highlights

Net sales in fiscal 2024 came in at $592.8 million, down 11% year over year.

Operating loss during the year came in at $43.5 million against operating profit of $11.7 million reported in the prior fiscal year.

In fiscal 2024, JOUT reported an adjusted loss per share of $2.60, against earnings of $1.90 reported in the prior year period.

JOUT’s Zacks Rank & Key Picks

JOUT currently has a Zacks Rank #4 (Sell).

Some better-ranked stocks in the Zacks Consumer Discretionary sector have been discussed below.

Cinemark Holdings, Inc. CNK currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks Rank #1 (Strong Buy) stocks here.

CNK has a trailing four-quarter earnings surprise of 164.8%, on average. The stock has surged 123.8% in the past year. The Zacks Consensus Estimate for CNK’s 2025 sales indicates growth of 11% from the year-ago levels.

Norwegian Cruise Line Holdings Ltd. NCLH currently has a Zacks Rank #2. NCLH has a trailing four-quarter earnings surprise of 4.2%, on average. The stock has surged 43.1% in the past year.

The Zacks Consensus Estimate for NCLH’s 2025 sales and earnings per share (EPS) indicates growth of 8.4% and 25.4%, respectively, from the year-ago levels.

Royal Caribbean Cruises Ltd. RCL currently carries a Zacks Rank #2. RCL has a trailing four-quarter earnings surprise of 16.2%, on average. The stock has surged 104.3% in the past year.

The Zacks Consensus Estimate for RCL’s 2025 sales and EPS indicates growth of 9.5% and 23.8%, respectively, from the year-ago levels.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

Royal Caribbean Cruises Ltd. (RCL) : Free Stock Analysis Report

Johnson Outdoors Inc. (JOUT) : Free Stock Analysis Report

Norwegian Cruise Line Holdings Ltd. (NCLH) : Free Stock Analysis Report

Cinemark Holdings Inc (CNK) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research