Johnson Outdoors’ Q3 Hampered By Rising Input Costs And Supply Chain Disruption
August 5, 2022
Johnson Outdoors reported a sharp decline in earnings in its fiscal third quarter ended July 1 due to supply chain challenges, especially within its fishing segment, as well as rising raw materials costs tied to supply chain dynamics.
Sales in the quarter declined 4.6 percent to $203.8 million. Sales were down 7 percent for the year-to-date period, also against record-year-ago sales. Compared to the 2019 pre-pandemic period, sales were up” significantly,” said Johnson-Leipold. SGB Media