Johnson Outdoors Inc. (NASDAQ:JOUT) Q2 2022 Earnings Conference Call May 9, 2022 11:00 AM ET

Company Participants

Patricia Penman - VP Marketing Services & Global Communication

Helen Johnson-Leipold - Chairman and CEO

David Johnson - VP and CFO

Conference Call Participants

Anthony Lebiedzinski - Sidoti & Company

Operator

Hello and welcome to the Johnson Outdoors Second Quarter 2022 Earning 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 and 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]

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

Patricia Penman

Thank you. Good morning everyone. Thank you for joining us for our discussion of Johnson Outdoors results for the 2022 fiscal second quarter. If you need a copy of today's news release, it is available on our website at www.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 David Johnson or myself.

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

Helen Johnson-Leipold

Thanks Pat. Good morning and thank you for joining us. I'll begin with an overview on the quarter and the year, and then I'll share perspectives on the performance and outlook for our businesses. Dave will review financial highlights and then we'll take your questions.

Sales in our second fiscal quarter ending April 01, 2022 declined 8% compared to the prior year's unprecedented second quarter. At the halfway mark of the fiscal year, total company year-to-date sales declined 8% over last year's fiscal six month period. Total company operating profits of $15.4 million for the second quarter was down versus $36 million in prior year quarter and year-to-date operating profit also declined compared to the prior fiscal six month period.