A Look Back at Leisure Products Stocks' Q4 Earnings: Johnson Outdoors (NASDAQ:JOUT) Vs The Rest Of The Pack
Wrapping up Q4 earnings, we look at the numbers and key takeaways for the leisure products stocks, including Johnson Outdoors (NASDAQ:JOUT) and its peers.
Leisure products cover a wide range of goods in the consumer discretionary sector. Maintaining a strong brand is key to success, and those who differentiate themselves will enjoy customer loyalty and pricing power while those who don’t may find themselves in precarious positions due to the non-essential nature of their offerings.
The 15 leisure products stocks we track reported a weaker Q4; on average, revenues beat analyst consensus estimates by 0.9%. while next quarter's revenue guidance was 11.6% below consensus. Inflation progressed towards the Fed's 2% goal at the end of 2023, leading to strong stock market performance. The start of 2024 has been a bumpier ride, as the market switches between optimism and pessimism around rate cuts due to mixed inflation data, and while some of the leisure products stocks have fared somewhat better than others, they collectively declined, with share prices falling 2.3% on average since the previous earnings results.
Johnson Outdoors (NASDAQ:JOUT)
Operating in locations worldwide, Johnson Outdoors (NASDAQ:JOUT) specializes in innovative outdoor recreational products for adventurers worldwide.
Johnson Outdoors reported revenues of $138.6 million, down 22.3% year on year, falling short of analyst expectations by 1.3%. It was a slower quarter for the company, with a miss of analysts' revenue estimates. Operating profit was roughly breakeven, also a decrease from last year. However, gross margin improved year on year and beat, as did EPS beat, although this was driven by the 'other income' line.
“We’re facing a tough marketplace with high inventory levels at retail and lower consumer demand resulting in soft first quarter sales. We are taking steps to outperform the challenging marketplace and improve our financial results,” said Helen Johnson-Leipold, Chairman and Chief Executive Officer.
The stock is down 5.7% since the results and currently trades at $42.93.
Read our full report on Johnson Outdoors here, it's free.
Best Q4: Smith & Wesson (NASDAQ:SWBI)
With a history dating back to 1852, Smith & Wesson (NASDAQ:SWBI) is a firearms manufacturer known for its handguns and rifles.
Smith & Wesson reported revenues of $137.5 million, up 6.5% year on year, outperforming analyst expectations by 2.9%. It was an exceptional quarter for the company, with an impressive beat of analysts' earnings estimates.
The stock is up 24.1% since the results and currently trades at $16.68.
Is now the time to buy Smith & Wesson? Access our full analysis of the earnings results here, it's free.
Clarus (NASDAQ:CLAR)
Initially a financial services business, Clarus (NASDAQ:CLAR) designs, manufactures, and distributes outdoor equipment and lifestyle products.
Clarus reported revenues of $76.5 million, up 3.6% year on year, falling short of analyst expectations by 8.7%. It was a weak quarter for the company, with full-year revenue guidance missing analysts' expectations.
Clarus had the weakest performance against analyst estimates and weakest full-year guidance update in the group. The stock is up 15.6% since the results and currently trades at $6.09.
Read our full analysis of Clarus's results here.
YETI (NYSE:YETI)
Founded by two brothers from Texas, YETI (NYSE:YETI) specializes in durable outdoor goods including coolers, drinkware, and gear tailored for adventure enthusiasts.
YETI reported revenues of $519.8 million, up 16% year on year, falling short of analyst expectations by 3%. It was a weak quarter for the company, with underwhelming earnings guidance for the full year and a miss of analysts' revenue estimates.
YETI scored the fastest revenue growth among its peers. The stock is down 21.5% since the results and currently trades at $37.86.
Read our full, actionable report on YETI here, it's free.
Acushnet (NYSE:GOLF)
Producer of the acclaimed Titleist Pro V1 golf ball, Acushnet (NYSE:GOLF) is a design and manufacturing company specializing in performance-driven golf products.
Acushnet reported revenues of $413 million, down 7.7% year on year, falling short of analyst expectations by 3.8%. It was a weaker quarter for the company, with a miss of analysts' revenue estimates.
Acushnet achieved the highest full-year guidance raise among its peers. The stock is down 10.4% since the results and currently trades at $61.96.
Read our full, actionable report on Acushnet here, it's free.
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