Net income slipped 64% to $9,900,000 from $27,834,000 in the fiscal second quarter ended Apr. 1 on revenues that fell 8% to $189,623,000 from $206,156,000 pulled down by tumbling fishing sales. Gross margin slid 900 basis points to 36.2%, a decline the company blamed on higher material and inbound freight costs. JOUT says it’s maintaining higher inventory levels as it continues dealing with persistent supply chain constraints. Meanwhile, the company has implemented price increases announced in the first quarter and is evaluating possible future product price hikes. Johnson Outdoors has not experienced any order cancellations due to supply chain issues, ... Log in to view full article.