Johnson Outdoors Inc. (NASDAQ:JOUT) Q3 2023 Earnings Conference Call August 3, 2023 11:00 AM ET

Company Participants

Pat Penman - Vice President of Marketing Services & Global Communication

Helen Johnson-Leipold - Chairman and Chief Executive Officer

David Johnson - Vice President and Chief Financial Officer

Conference Call Participants

Anthony Lebiedzinski - Sidoti

Anna Glaessgen - B. Riley

Operator

Hello, everyone, and welcome to the Johnson Outdoors Third Quarter 2023 Earnings Conference Call.

Today's call will be led by Helen Johnson-Leipold, Johnson Outdoors Chairman and Chief Executive Officer. Also on the call is David Johnson, Vice President Chief Financial Officer. Prior to the question-and-answer session all participants will be placed in a listen-only mode. After the prepared remarks, the question-and-answer session will begin. [Operator Instructions] This call is being recorded. Your participation implies consent to our recording this call. If you do not agree to these terms simply drop off the call.

I would now like to turn the call over to Pat Penman from Johnson Outdoors. Please go ahead, Ms. Penman.

Pat Penman

Thank you. Good morning,, everyone. Thank you for joining us for our discussion of Johnson Outdoors results for the 2023 fiscal third quarter. If you need a copy of today's news release, it is available on our website at johnsonoutdoors.com under Investor Relations. I also need to remind you that, this conference call may contain forward-looking statements. These statements are made on the basis of our current views and assumptions and are not guarantees of future performance. Actual events may differ materially from those statements due to a number of factors many beyond Johnson Outdoors' control.

These risks and uncertainties include those listed in our press release and filings with the Securities and Exchange Commission. If you have additional questions following the call please contact Dave Johnson or myself.

It is now my pleasure to turn the call over to Helen Johnson-Leipold.

Helen Johnson-Leipold

Thanks, Pat. Good morning, everyone, and thank you for joining us. I just want to excuse my voice. I've got a little bit of a hoarse voice today, but I'll do my best. I'll begin with an overview on the quarter and the year, and then I'll share perspective on performance and outlook for our businesses. Dave will review financial highlights, and then we'll take your questions.

Sales in our third fiscal quarter ending June 30, 2023 declined 8% to $187 million compared to $203.8 million in the prior year third quarter. Total company year-to-date sales were up 4% over last year's fiscal nine-month period.