Johnson Outdoors Q4 Loss Widens - Quick Facts

(RTTNews) - Johnson Outdoors Inc. (JOUT), Friday reported a wider loss for the fourth-quarter. The results were hurt by lower gross margins for certain end-of-life product lines in Marine Electronics and increased expenses due to discretionary bonus accruals.

Net loss for the three-month period was $3.5 million or $0.40 per share compared with $3.2 million or $0.32 per share a year ago. Operating loss widened to $4.7 million for the quarter, from $3.1 million reported last year.

Total company sales, however rose 3 percent to $77.3 million, from $74.7 million a year before, due to the addition of Jetboil, which added $2.8 million in revenue during the period.

Commenting on the results, the company said: "Due to the seasonality of the warm-weather outdoor recreational products industry, the Company's fourth quarter results historically reflect an industry-wide slowing of sales and production."