Why Johnson Outdoors Stock Was Jumping Today

Why Johnson Outdoors Stock Was Jumping Today

Shares of Johnson Outdoors (NASDAQ: JOUT) were surging today after the outdoor recreation company posted a better-than-expected fourth-quarter earnings report. Johnson, which is best known for making fishing equipment, boats, and watercraft under brand names like Old Town, Minn Kota, and Humminbird, said that revenue in the quarter rose 18% to $196.4 million. Gross margin fell sharply, down 6 percentage points, as the company faced higher material costs and inventory expenses, and operating profit declined slightly from $13.6 million to $13.3 million.