NasdaqGS:JOUTLeisure
Johnson Outdoors (JOUT) Stock Gains Little As Tariff Refund Fuels Profit
Johnson Outdoors came into this earnings print as an unprofitable outdoor gear stock that had quietly climbed about 9% over the past month. The market’s first take was calm, with the stock up only 1.4% to US$48.22 after the release. The headline is in the income statement. Q3 basic earnings per share jumped to US$1.44 on revenue of US$189.7m, powered by a large tariff refund that lifted margins and turned what has been a loss making twelve months into a sharply profitable quarter.
Impressed...