BUZZ-Johnson Outdoors down after dour Q1 results

Reuters
04 Feb
BUZZ-Johnson Outdoors down after dour Q1 results

** Shares of fishing and camping equipment maker Johnson Outdoors JOUT.O down as much as 8.4% at more than an eight-year low of $29.68

** Company's Q1 net sales down ~22% from a year ago, led by a decline in sales in its fishing, camping and watercraft recreation, and diving segments

** JOUT also reports net loss of $1.49 per share, compared with a 38-cent-per-share profit a year ago

** Shares fell ~38% in 2024

(Reporting by Neil J Kanatt in Bengaluru)

((Neil.JKanatt@thomsonreuters.com))

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