JOUT
Johnson Outdoors Inc.43.92
+1.06+2.47%
Dec 16, 4:00:01 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q1 '26
Q&A reaffirms Q1 strength, adds volume details.
Q&A largely reaffirmed the prepared remarks on a strong Q1 start driven by volume growth and margin gains, with management noting most revenue upside came from units rather than pricing. They confirmed improving new product success rates post-COVID and flagged e-commerce as the fastest-growing channel, aiming for outpaced expansion. Trade inventories remain healthy for seasonal ramp. Cost savings initiatives persist amid supply volatility, while warranty costs dipped modestly. Tax rates will stay erratic from U.S. valuation allowance. Growth skewed to volumes. Management sounded confident; investors will track sell-through.
Key Stats
Market Cap
457.17MP/E (TTM)
-Basic EPS (TTM)
-3.35Dividend Yield
0.03%Recent Filings
8-K
CFO retirement announced
8-K
Shareholders approve all proposals
Johnson Outdoors shareholders approved all Annual Meeting proposals on February 26, 2026, electing Paul G. Alexander, John M. Fahey Jr., and Jeffrey M. Stutz as Class A directors amid mixed support. RSM US LLP's appointment as auditors passed overwhelmingly with 19.9M votes for. Amendments boosting shares in the 2020 LTIP and 2023 Director Plan sailed through. Governance continuity locked in.
8-K
Quarterly dividend approved
8-K
Q1 sales up 31%
Johnson Outdoors kicked off fiscal 2026 with Q1 net sales surging 31% to $140.9 million, driven by 36% fishing growth from new launches and better inventory, while total operating loss narrowed sharply to $(2.9) million from $(20.2) million. Gross margin climbed to 36.6% on cost savings and overhead gains, yet op expenses rose with volume. Margins improved, inventories fell.
10-Q
Q1 FY2026 results
Johnson Outdoors surged to $140.9M net sales in Q1 FY2026 ended January 2, 2026, up 31% y/y from $107.6M, with gross margin leaping to 36.6% from 29.9% on higher volumes and favorable mix. Fishing drove the gains, hitting $112.4M (up 36% y/y), while operating loss narrowed sharply to $2.9M from $20.2M. Losses widened slightly from operating to net on income tax expense tied to U.S. valuation allowance; diluted EPS of $(0.33) reconciles to 10.3M shares with anti-dilution from non-vested stock. Cash sits at $130.7M, no debt, $50M revolver available to 2029; prior Diving acquisition of EST added $10.2M goodwill. Cash used for operations: $38.4M. Two customers topped 10% of sales. Customer payment risks linger.
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