12/10/2024

speaker
Operator
Conference Call Operator

Hello, everyone, and welcome to the Johnson Outdoors fourth quarter 2024 earnings conference call. Today's call will be led by Helen Johnson Leofold, 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 listen-only mode. After the prepared remarks, the question and answer session will begin. If you'd like to ask a question during that time, please press star 1-1 on your telephone keypad. This call is being recorded. No participant invites consent to our recording of this call. If you do not agree to these terms, simply drop off the line. I'll now turn the call over to Pat Penman from Johnson Outdoors. Please go ahead, Ms. Penman.

speaker
Pat Penman
Investor Relations

Thank you. Good morning, and thank you for joining us for our discussion of Johnson Outdoors results for the 2024 fiscal fourth 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-Leopold.

speaker
Helen Johnson-Leopold
Chairman and Chief Executive Officer

Thanks, Beth. Good morning, everyone. Thank you for joining us. I'll begin by addressing our fiscal 2024 performance, and then I'll share a plan to address future challenges. Dave will cover some key financials, and then we'll take your questions. I won't rehash the numbers in our fourth quarter and year-end earnings announcement. Obviously, it was a tough year. Continued challenging marketplace conditions and competitive pressure significantly impacted our fiscal 2024 performance. Consumer demand for outdoor recreation products across all of our businesses remained soft. While we're not seeing indicators that these challenging conditions are going away anytime soon, we've been aggressively leaning into our critical strategic priorities, innovation, our go-to-market strategy, and operational efficiencies to enable future growth for our brands and businesses. In this highly competitive outdoor recreation marketplace, our focus on strong innovation cannot be more critical. As a result, we are taking our innovation approach to the next level and investing in the critical elements, including key talents and technologies, as well as strengthening our consumer-centric innovation approach. Our focus remains on delivering the best outdoor experiences possible across all of our categories. The ever-evolving digital landscape requires us to do things differently to engage and stay in front of our consumers. Our online presence provides key consumer touch points for our brand from product research to purchase to post-purchase support. We've been making investments in structuring the way we go to market to enhance our capabilities and drive growth, and we're confident this will be a meaningful contributor to accelerating our sales and profitability. Lastly, as I mentioned in previous quarters, improving profitability and strengthening our business operations continue to be important focus areas. We've worked hard to drive operational cost savings and redeploy resources against our strategic priorities. The cost savings efforts were masked by our results, and we recognize there is more work to do. Fiscal 2024 is tough, but we've been through tough times before. We're committed to investing in the strategic priorities that will position our brands for long-term growth, while also working hard to improve our financial performance. We know we have a lot of work to do, but we're confident that we'll see benefits from these investments in the future. Now, I will turn the call over to Dave for more details on financials.

Disclaimer

This conference call transcript was computer generated and almost certianly contains errors. This transcript is provided for information purposes only.EarningsCall, LLC makes no representation about the accuracy of the aforementioned transcript, and you are cautioned not to place undue reliance on the information provided by the transcript.

-

-