Johnson Outdoors Reports Fiscal Third Quarter Results
Rhea-AI Summary
Johnson Outdoors (Nasdaq:JOUT) reported fiscal third quarter 2026 net sales of $189.7 million, up 5% from $180.7 million, with operating income rising to $18.3 million from $7.3 million. Gross margin expanded to 45.3% from 37.6%, aided by approximately $15 million in tariff refunds.
Profit before tax increased to $23.3 million and net income to $14.9 million, or $1.42 per diluted share, versus $0.75 a year earlier. Year-to-date, net sales grew 15% to $525.1 million and profit before tax reached $32.2 million versus a prior loss. Fishing and Diving grew, while Camping & Watercraft Recreation declined 13% in the quarter. Cash and short-term investments were $175.2 million, and the board approved a quarterly cash dividend payable July 30, 2026.
Positive
- Q3 net sales up 5% to $189.7 million
- Q3 operating income increased to $18.3 million from $7.3 million
- Q3 gross margin expanded to 45.3% from 37.6%
- YTD net sales up 15% to $525.1 million
- YTD profit before tax of $32.2 million vs prior $4.3 million loss
- Cash and short-term investments of $175.2 million, up $14.2 million year over year
Negative
- Camping & Watercraft Recreation Q3 sales declined 13% year over year
- Q3 operating expenses increased by $7.0 million vs prior-year quarter
- Inventories increased to $188.3 million from $163.7 million year over year
- Q3 effective tax rate rose to 35.8% from 26.3%
- Shareholders’ equity decreased to $430.6 million from $450.5 million year over year
Market Reaction – JOUT
Following this news, JOUT has gained 2.57%, reflecting a moderate positive market reaction. Our momentum scanner has triggered 3 alerts so far, indicating moderate trading interest and price volatility. The stock is currently trading at $48.77.
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Key Figures
Historical Context
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Jul 23 | earnings date notice | Neutral | -1.9% | Results release was scheduled before market open, followed by an investor webcast. |
| May 29 | cash dividend | Positive | -1.6% | Board declared quarterly cash dividends with July 30 payment and July 16 record dates. |
| May 08 | Q2 earnings report | Positive | -3.9% | Reported higher sales, operating income, gross margin, and quarterly net income. |
| Apr 24 | earnings date notice | Neutral | -1.3% | Results release was scheduled before market open, followed by a conference call. |
| Feb 27 | cash dividend | Positive | -5.2% | Board announced quarterly dividends payable April 30 to shareholders of record April 16. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
All five prior events had negative 24-hour reactions; the Q2 results event was -3.92% and the February dividend event was -5.22%.
Key Terms
gross margin financial
overhead absorption financial
deferred compensation plan financial
AI-generated analysis. How Rhea-AI works. Not financial advice.
RACINE, Wis., Aug. 07, 2026 (GLOBE NEWSWIRE) -- Johnson Outdoors Inc. (Nasdaq:JOUT), a leading global innovator of outdoor recreation equipment and technology, today announced operating results for the Company’s third fiscal quarter ending July 3, 2026.
“We delivered solid third quarter results with total company sales increasing 5 percent, reflecting the strength of our market-leading brands,” said Helen Johnson-Leipold, Chairman and Chief Executive Officer. “While macroeconomic conditions remain uncertain, we continue to focus on advancing our strategic priorities, strengthening our competitive position, and making the investments necessary to support long-term growth.”
THIRD QUARTER RESULTS
Total Company net sales in the third quarter increased 5 percent to
- Fishing revenue increased 7 percent, driven by strength in Minn Kota and pricing actions
- Diving sales increased 10 percent, driven by strong sales in regulators and buoyancy compensator devices
- Camping & Watercraft Recreation sales declined 13 percent, primarily due to weak marketplace conditions in these segments
Total Company operating income was
Profit before income taxes was
YEAR-TO-DATE RESULTS
Fiscal 2026 year-to-date net sales were
Profit before income taxes for the year-to-date period was
OTHER FINANCIAL INFORMATION
The Company reported cash and short-term investments of
“We recognized approximately
WEBCAST
The Company will host a conference call and audio web cast at 11:00 a.m. Eastern Time on Friday, August 7, 2026. A live listen-only web cast of the conference call may be accessed at Johnson Outdoors’ home page or here. A replay of the call will be available for 30 days on the Internet.
About Johnson Outdoors Inc.
JOHNSON OUTDOORS is a leading global innovator of outdoor recreation equipment and technologies that inspire more people to experience the awe of the great outdoors. The company designs, manufactures and markets a portfolio of winning, consumer-preferred brands across four categories: Watercraft Recreation, Fishing, Diving and Camping. Johnson Outdoors' iconic brands include: Old Town® canoes and kayaks; Carlisle® paddles; Minn Kota® trolling motors, shallow water anchors and battery chargers; Cannon® downriggers; Humminbird® marine electronics and charts; SCUBAPRO® dive equipment; and Jetboil® outdoor cooking systems.
Visit Johnson Outdoors at http://www.johnsonoutdoors.com
Safe Harbor Statement
Certain matters discussed in this press release are “forward-looking statements,” intended to qualify for the safe harbors from liability established by the Private Securities Litigation Reform Act of 1995. Statements other than statements of historical fact are considered forward-looking statements. These statements may be identified by the use of forward-looking words or phrases such as "anticipate,'' "believe,'' "confident," "could,'' "expect,'' "intend,'' "may,'' "planned,'' "potential,'' "should,'' "will,'' "would'' or the negative of those terms or other words of similar meaning. Such forward-looking statements are subject to certain risks and uncertainties, which could cause actual results or outcomes to differ materially from those currently anticipated. Factors that could affect actual results or outcomes include the matters described under the caption “Risk Factors” in Item 1A of the Company’s Form 10-K filed with the Securities and Exchange Commission on December 12, 2025, and the following: changes in economic conditions, consumer confidence levels and discretionary spending patterns in key markets; uncertainties stemming from political instability (and its impact on the economies in jurisdictions where the Company has operations), uncertainties stemming from changes in U.S. trade policies, tariffs, and the reaction of other countries to such changes; the global outbreaks of disease, such as the COVID-19 pandemic, which has affected, and may continue to affect, market and economic conditions, along with wide-ranging impacts on employees, customers and various aspects of our operations; the Company’s success in implementing its strategic plan, including its targeted sales growth platforms, innovation focus and its increasing digital presence; litigation costs related to actions of and disputes with third parties, including competitors; the Company’s continued success in its working capital management and cost-structure reductions; the Company’s success in integrating strategic acquisitions; the risk of future write-downs of goodwill or other long-lived assets; the ability of the Company’s customers to meet payment obligations; the impact of actions of the Company’s competitors with respect to product development or enhancement or the introduction of new products into the Company’s markets; movements in foreign currencies, interest rates or commodity costs; fluctuations in the prices of raw materials or the availability of raw materials or components used by the Company; any disruptions in the Company’s supply chain as a result of material fluctuations in the Company’s order volumes and requirements for raw materials and other components, or the demand for those same raw materials and components by third parties, necessary to manufacture and produce the Company’s products including related to shortages in procuring necessary raw materials and components to manufacture and produce such products; the success of the Company’s suppliers and customers and the impact of any consolidation in the industries of the Company’s suppliers and customers; the ability of the Company to deploy its capital successfully; unanticipated outcomes related to outsourcing certain manufacturing processes; unanticipated outcomes related to litigation matters; and adverse weather conditions. Shareholders, potential investors and other readers are urged to consider these factors in evaluating the forward-looking statements and are cautioned not to place undue reliance on such forward-looking statements. The forward-looking statements included herein are only made as of the date of this filing. The Company assumes no obligation, and disclaims any obligation, to update such forward-looking statements to reflect subsequent events or circumstances.
JOHNSON OUTDOORS INC.
| (thousands, except per share amounts) | ||||||||||||
| THREE MONTHS ENDED | NINE MONTHS ENDED | |||||||||||
| Operating results | July 3, 2026 | June 27, 2025 | July 3, 2026 | June 27, 2025 | ||||||||
| Net sales | $ | 189,731 | $ | 180,655 | $ | 525,146 | $ | 456,653 | ||||
| Cost of sales | 103,796 | 112,728 | 312,113 | 297,677 | ||||||||
| Gross profit | 85,935 | 67,927 | 213,033 | 158,976 | ||||||||
| Operating expenses | 67,592 | 60,597 | 187,253 | 166,984 | ||||||||
| Operating profit (loss): | 18,343 | 7,330 | 25,780 | (8,008) | ||||||||
| Interest income, net | (1,149) | (878) | (2,996) | (2,421) | ||||||||
| Other expense (income), net | (3,778) | (2,292) | (3,446) | (1,318) | ||||||||
| Profit (loss) before income taxes | 23,270 | 10,500 | 32,222 | (4,269) | ||||||||
| Income tax expense | 8,322 | 2,758 | 11,165 | 975 | ||||||||
| Net income (loss) | $ | 14,948 | $ | 7,742 | $ | 21,057 | $ | (5,244) | ||||
| Weighted average common shares outstanding - Dilutive | 10,388 | 10,293 | 10,360 | 10,280 | ||||||||
| Net income (loss) per common share - Diluted | $ | 1.42 | $ | 0.75 | $ | 2.00 | $ | (0.52) | ||||
| Segment Results | ||||||||||||
| Net sales: | ||||||||||||
| Fishing | $ | 149,985 | $ | 140,679 | $ | 421,380 | $ | 358,042 | ||||
| Camping & Watercraft Recreation | 16,432 | 18,908 | 45,086 | 46,211 | ||||||||
| Diving | 23,313 | 21,201 | 58,602 | 52,705 | ||||||||
| Other / Eliminations | 1 | (133) | 78 | (305) | ||||||||
| Total | $ | 189,731 | $ | 180,655 | $ | 525,146 | $ | 456,653 | ||||
| Operating profit (loss): | ||||||||||||
| Fishing | $ | 26,364 | $ | 14,553 | $ | 52,589 | $ | 15,761 | ||||
| Camping & Watercraft Recreation | 1,116 | 1,588 | 786 | 2,188 | ||||||||
| Diving | 3,286 | 1,576 | 2,714 | 255 | ||||||||
| Other / Eliminations | (12,423) | (10,387) | (30,309) | (26,212) | ||||||||
| Total | $ | 18,343 | $ | 7,330 | $ | 25,780 | $ | (8,008) | ||||
| Balance Sheet Information(End of Period) | ||||||||||||
| Cash, cash equivalents and short-term investments | $ | 175,245 | $ | 161,022 | ||||||||
| Accounts receivable, net | 76,414 | 81,993 | ||||||||||
| Inventories, net | 188,263 | 163,732 | ||||||||||
| Total current assets | 447,901 | 420,073 | ||||||||||
| Total assets | 648,370 | 634,473 | ||||||||||
| Total current liabilities | 132,953 | 105,562 | ||||||||||
| Total liabilities | 217,735 | 184,009 | ||||||||||
| Shareholders’ equity | 430,635 | 450,464 | ||||||||||
| Johnson Outdoors Inc. | |
| Asad Rahman | Andres Baptista |
| Chief Financial Officer | Chief Marketing Officer |
| 262-631-6600 | 262-631-6600 |
