MarketWatch
Johnson Outdoors sales rise, beat expectations but profit declines as gross margin falls
Johnson Outdoors Inc. reported Friday fiscal fourth-quarter profit and sales that topped expectations, even as gross margin fell due to increased tariffs, inbound air freight costs and higher cost of goods sold. The outdoor recreation equipment company’s stock was still inactive in premarket trading. Net income for the quarter to Oct. 1 rose fell to $6.9 million, or 68 cents a share, from $15.5 million, or $1.53 a share, in the year-ago period. The FactSet consensus for earnings per share was 65
