The following is a summary of the Johnson Outdoors Inc. (JOUT) Q2 2024 Earnings Call Transcript:

Financial Performance:

• Johnson Outdoors reported a Q2 2024 sales decline of 15% to $175.9 million.

• The company showed a year-to-date decrease of 17% compared to the same six-month period last year.

• Operating loss for Q2 2024 was reported at $250,000, a significantly poor performance compared to a profit of $11.4 million in the same quarter of the previous year.

• Net income for Q2 2024 was at $2.2 million, or $0.21 per diluted share.

Business Progress:

• In the face of challenging market conditions, Johnson Outdoors is working on critical investments to overcome current difficulties and secure long-term growth.

• The company has reinforced its product innovation efforts with the launch of the Minn Kota Quest Trolling Motor line.

• A cost-saving program is being implemented for improved profitability.

• Inventory reductions have been initiated across all categories.

• Johnson Outdoors remains committed to sustainable, profitable growth across its brands.

More details: Johnson Outdoors IR

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