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Recreational Products Maker Johnson Outdoors Posts 22% Sales Decline In Q1, Fishing & Camping Take A Hit Amid Market Woes

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Johnson Outdoors reported a first-quarter FY25 sales decline of 22% year-on-year to $107.65 million .

Fishing revenue decreased 25% , Camping & Watercraft Recreation was down 12% and Diving sales decreased 10% .

The gross profit plunged 39% to $32.18 million and the gross margin contracted 820 basis points to 29.9% . The company held $101.6 million in cash and equivalents as of December 27, 2024 .