Why is Johnson Outdoors Inc (JOUT) Stock down?

We've noticed a 11.22% decline in Johnson Outdoors Inc (JOUT) stock during the 2024-05-03 trading session. While this could be attributed to normal volatility or various internal and external factors, please be aware that we are actively monitoring the situation, and we'll provide timely updates as soon as possible!
08 Dec, 2023:

Shares of Johnson Outdoors Inc (JOUT) dropped by 9.86% from $54.47 to $49.10 in the trading on Friday, December 8, 2023. The reason why is JOUT down today is due to disappointing fourth-quarter results.

  • Johnson Outdoors reported earnings per share (EPS) of -$1.56, significantly below the analyst estimate of -32 cents per share.
  • The company's revenue for the fourth quarter was $96.35 million, which was 20.44% lower than the analyst estimate of $121.09 million.
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