johnson outdoors inc jout reported friday fiscal fourthquarter profit and sales that topped expectations even as gross margin fell due to increased tariffs inbound air freight costs and higher cost of goods sold the outdoor recreation equipment companys stock was still inactive in premarket trading net income for the quarter to oct 1 rose fell to 69 million or 68 cents a share from 155 million or 153 a share in the yearago period the factset consensus for earnings per share was 65 cents sales grew 10 to 1663 million topping the factset consensus of 1642 million while cost of goods sold rose 76 to knock gross margin down to 411 from 447 heading into fiscal year 2022 we remain focused on managing ongoing global supply chain pressures and related logistics constraints affecting our industry and the marketplace said chief financial officer david johnson were maintaining higherthannormal inventory levels to meet demand for our products and we expect nearterm margins to be impacted by the pressure on our supply chain the stock has dropped 121 over the past three months while the sp 500 spx has gained 47