$Johnson Outdoors (JOUT.US)$After 4 years of continuous grow...
$Johnson Outdoors(JOUT.US$After 4 years of continuous growth in the past 5 years, revenue declined 1.1% in 2022, the 5-year average growth rate was 8.7%, operating profit fell sharply in 2002 by 40.4%, the 5-year average growth rate was 7.8%, net profit fell 47% in 2022, and the 5-year average growth rate was 4.8%.
The income statement shows that the recent decline in gross margin from 44.5% to around 35% is the main reason for the decline in profit, and there is no interest burden.
In 2023Q1, revenue increased 16.2%, operating profit continued to drop sharply by 60%, and net profit fell 45.9% to 5.88 million. Currently, profit is shrinking without large-scale profit growth. Currently, TTM with a price-earnings ratio of 13 times and a price-earnings ratio of 14.7 times is not very attractive.
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