JOUT · Johnson Outdoors Inc.

Johnson Outdoors reported a strong fiscal second quarter for the period ended April 3, 2026, with net sales increasing 16% to $194.5 million from $168.3 million in the prior year quarter. The growth was broad-based, with Fishing revenue up 18% driven by improved trade conditions, a stronger competitive position, and pricing; Camping & Watercraft Recreation sales up 1% primarily due to increased ecommerce; and Diving sales up 9% on improved market conditions and ecommerce growth. Gross margin improved significantly to 38.8% from 35.0%, attributed to improved overhead absorption and cost savings. Operating income more than doubled to $10.3 million from $4.9 million, as the gross profit increase of $16.6 million outpaced the $11.2 million rise in operating expenses, which included higher sales-volume-related and variable compensation costs. Net income surged to $9.4 million, or $0.89 per diluted share, from $2.3 million, or $0.22 per diluted share, aided by a lower effective tax rate of 7.8% versus 44.6% in the prior year. Year-to-date, net sales rose 21.5% to $335.4 million, and the company swung to net income of $6.1 million from a net loss of $13.0 million. Management highlighted disciplined cost management and strategic priorities, while noting increased cost pressures and a modest inventory build for the upcoming selling season. The company ended the quarter with $107.9 million in cash and short-term investments, up $13.9 million year-over-year. A quarterly cash dividend was approved with a record date of April 16, 2026, payable April 30, 2026.