Financial Performance - The Company reported a consolidated net sales of 100% for the fiscal year 2025, with the highest sales in June at 31%[42] - The operating profit for the quarter ending December 2025 was 125%, indicating strong performance during that period[42] - The Company has experienced seasonal variations in sales, with the primary selling season occurring in the quarters ending March and June[42] - The Company reported seasonal variations in sales and profitability, with December quarter net sales at 18% of total year sales for 2025, down from 27% in 2023[42] - In the March quarter of 2025, the Company experienced a net sales increase to 28%, compared to 30% in 2023, while operating profit showed a loss of 30%[43] - The June quarter for 2025 saw net sales rise to 31%, with an operating loss of 45%, reflecting a decrease from 28% net sales and a 149% operating profit in 2023[43] - The September quarter in 2025 had net sales at 23%, with a 50% operating profit, contrasting with a 15% net sales and a (193%) operating loss in 2023[43] Employee Relations - The Company has approximately 1,300 regular, full-time employees, with 950 located in the United States and 350 outside[36] - The Company maintains a commitment to workplace safety and employee relations, considering them to be excellent[37] - The Company emphasizes the importance of attracting and retaining key employees to ensure successful execution of its mission[37] Research and Development - The Company invests significantly in research and development across its business segments, with activities conducted in multiple locations including Minnesota, Georgia, and Switzerland[27] - The Company expenses research and development costs as incurred, except for certain software development costs which are capitalized and amortized[28] - The Company invests significantly in research and development across its business segments, with activities conducted in multiple locations including Minnesota, Georgia, Canada, and Switzerland[27] Product Segments - The Fishing segment's key brands include Minn Kota, Humminbird, and Cannon, which are marketed primarily in North America through various retail channels[15] - The Diving segment competes in the premium recreational market with products sold through specialty dive stores and direct to consumers[23] - The Fishing segment includes key brands such as Minn Kota, Humminbird, and Cannon, with a focus on innovation and quality products[13] - The Camping & Watercraft segment features brands like Jetboil and Old Town, emphasizing brand awareness and product innovation through digital marketing[16] - The Diving segment markets SCUBAPRO products, competing in the premium recreational and high-performance technical diving markets[21] Supply Chain Management - The Company mitigates supply chain risks by purchasing safety stock and utilizing forecast-based supply contracts[41] - The Company mitigates supply chain risks by maintaining safety stock and utilizing forecast-based supply contracts[41] Compliance and Ethics - The Company believes it complies with various environmental laws and regulations, and expenditures on environmental compliance are not expected to have a material adverse effect on capital expenditures, earnings, or competitive position[44] - The Company is committed to ethical business practices and files an annual Form SD regarding "Conflict Minerals Disclosure" as required by the Dodd-Frank Act[45] - The Company is committed to ethical business practices and has established a "Code of Conduct" to guide its operations[45] Intellectual Property - The Company holds numerous patents and trademarks, which it actively defends to protect its intellectual property rights[39] Transparency - The Company provides free access to its financial reports and governance documents on its website, ensuring transparency for shareholders[46] Competition - The Company’s primary competitors in the Fishing segment include Lowrance, Garmin, and Power-Pole, focusing on technological innovation and product quality[30] - The Company does not believe that backlog information is material to understanding its business due to the non-binding nature of orders[35]

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Financial Data and Key Metrics Changes - Total company sales for fiscal 2025 were flat compared to the prior year, with an operating loss of $16.2 million, which improved compared to fiscal 2024 [3][9] - Loss before income taxes for 2025 was $9.3 million, an improvement from a pre-tax loss of $29.9 million in fiscal 2024, primarily due to a prior year goodwill write-off and an increase in gross margin [9][10] - Gross margin for fiscal 2025 improved to 35.1%, up 1.2 points from the prior year [9][10] - Operating expenses decreased by 8%, or $20.2 million, from the prior fiscal year [10] Business Line Data and Key Metrics Changes - In the fishing segment, demand exceeded expectations for Humminbird's new Explore series and MEGA Live 2 fish finders, contributing to growth [4] - Camping and watercraft sales declined for fiscal 2025, primarily due to the closeout of Eureka inventory, but excluding this impact, the segment grew by 2% [4] - Diving sales increased for the fiscal year due to modest improvements in certain regional markets, with new product launches like the Hydros Pro 2 buoyancy control device receiving positive reception [5][6] Market Data and Key Metrics Changes - The overall watercraft marketplace is still struggling, but Old Town's fishing kayak line is performing well [5] - The company is focusing on strengthening its digital and e-commerce capabilities, which are seen as areas of opportunity for growth [7] Company Strategy and Development Direction - The company is committed to innovation as a key priority, focusing on consumer-driven products to drive future growth [4][16] - Cost savings programs remain a priority, with ongoing efforts to enhance operational efficiencies and manage product costs [7][10] - The company is optimistic about its strategic priorities and investments in innovation and digital capabilities to position itself for future success [8] Management's Comments on Operating Environment and Future Outlook - Management noted that while the outdoor recreation marketplace remains uncertain, there is positive momentum observed in the latter half of fiscal 2025 [3][8] - The company is cautious about declaring a market turnaround but is hopeful for a good season ahead [14] Other Important Information - The company maintained a debt-free balance sheet and a healthy cash position, indicating confidence in creating long-term shareholder value [11] Q&A Session Summary Question: Observations on fourth quarter revenue gain and momentum into early fiscal 2026 - Management expressed excitement about the growth in the third and fourth quarters, noting that market momentum is continuing, although it is still early in the year [14] Question: Insights on the new product pipeline for 2026 - Management highlighted ongoing momentum in product innovation across all business segments, emphasizing the importance of innovation in a competitive market [16] Question: Impact of pricing actions due to tariffs - Management confirmed that pricing adjustments were made strategically and have not negatively affected business so far [17] Question: Contribution of operational efficiencies to gross margin - Management indicated that operational improvements contributed over a point to gross margin and that cost-saving initiatives will continue into fiscal 2026 [18] Question: Expected effective tax rate for fiscal 2026 - Management expects the effective tax rate to return to a more normal range in the mid to high 20s [20]

Financial Data and Key Metrics Changes - Total company sales for fiscal 2025 were flat compared to the prior year, with an operating loss of $16.2 million, which improved compared to fiscal 2024 [3][9] - Loss before income taxes for 2025 was $9.3 million, an improvement from a pre-tax loss of $29.9 million in fiscal 2024, primarily due to a prior year goodwill write-off and an increase in gross margin [9][10] - Gross margin for fiscal 2025 improved to 35.1%, up 1.2 points from the prior year [9][10] - Operating expenses decreased by 8%, or $20.2 million, from the prior fiscal year [10] Business Line Data and Key Metrics Changes - In the fishing segment, demand exceeded expectations for Humminbird's new Explore series and MEGA Live 2 fish finders, contributing to growth [4] - Camping and watercraft sales declined for fiscal 2025, primarily due to the closeout of Eureka inventory, but excluding this impact, the segment grew by 2% [4] - Jetboil's new fast boil cooking systems continued to outperform expectations, and Old Town's fishing kayak line performed well despite a struggling overall marketplace [5] - Diving sales increased due to modest improvements in certain regional markets, with the launch of the new Hydros Pro 2 buoyancy control device generating enthusiasm [6][7] Market Data and Key Metrics Changes - The outdoor recreation marketplace remains uncertain, with global macroeconomic challenges expected to continue [8] - The company is focused on expanding its digital and e-commerce capabilities, which are seen as areas of opportunity for growth [7][8] Company Strategy and Development Direction - The company is committed to innovation as a key priority, focusing on consumer-driven products to drive future growth [4][16] - Cost savings initiatives remain a priority, with efforts to enhance operational efficiencies and manage product costs [7][10] - The company aims to strengthen its digital footprint to make products easily accessible to consumers [7] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism about market momentum continuing into early fiscal 2026, although it is too early to declare a market turnaround [8][14] - The company plans to continue investing in innovation and operational efficiencies to position itself for future success [8] Other Important Information - The balance sheet remains debt-free, and the company has a healthy cash position, indicating confidence in creating long-term shareholder value [11] Q&A Session Summary Question: Observations on fourth quarter revenue gain and momentum into fiscal 2026 - Management noted excitement about growth in the third and fourth quarters, with ongoing positive market momentum, though it is still early in the year [14] Question: Insights on the new product pipeline for 2026 - Management highlighted ongoing momentum in fishing and diving innovations, emphasizing that product launches span multiple years and innovation remains a key focus [16] Question: Impact of pricing actions due to tariffs and retailer reception - Management confirmed strategic pricing actions were taken, which have been well received by retail partners, with no negative impact on business observed so far [17] Question: Contribution of operational efficiencies to gross margin and future opportunities - Management indicated that operational improvements contributed over a point to gross margin, with ongoing cost savings initiatives planned for fiscal 2026 [18] Question: Expected effective tax rate for fiscal 2026 - Management expects the effective tax rate to return to a more normal range in the mid to high 20s, following the establishment of a deferred tax valuation reserve [20]

Financial Data and Key Metrics Changes - Total company sales for fiscal 2025 were flat compared to the prior year, with an operating loss of $16.2 million, which improved compared to fiscal 2024 [3][9] - Loss before income taxes for 2025 was $9.3 million, an improvement from a pre-tax loss of $29.9 million in fiscal 2024, primarily due to a prior year goodwill write-off and an increase in gross margin [9][10] - Gross margin for fiscal 2025 improved to 35.1%, up 1.2 points from the prior year [9][10] - Operating expenses decreased by 8%, or $20.2 million, from the prior fiscal year [10] Business Line Data and Key Metrics Changes - In the fishing segment, demand exceeded expectations for Humminbird's new Explore series and MEGA Live 2 fish finders, contributing to growth [4] - Camping and watercraft sales declined for fiscal 2025, primarily due to the closeout of Eureka inventory, but excluding this impact, the segment grew by 2% [4] - Diving sales increased due to modest improvements in certain regional markets, with the launch of the new Hydros Pro 2 buoyancy control device receiving positive reception [5][6] Market Data and Key Metrics Changes - The overall watercraft marketplace is still struggling, but Old Town's fishing kayak line is performing well [5] - Digital and e-commerce capabilities are being strengthened, with ongoing efforts to expand the digital footprint fueling growth [6][7] Company Strategy and Development Direction - The company is focused on consumer-driven innovation and enhancing digital and e-commerce capabilities as key strategic priorities [8] - Cost savings programs remain a priority, with efforts to drive optimal product costs and enhance operating efficiencies continuing into fiscal 2026 [7][8] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism about market momentum continuing into early fiscal 2026, although it is still too early to confirm a market turnaround [8][13] - The company is committed to innovation as a key focus, especially in a competitive environment where consumers are price-sensitive [15] Other Important Information - The company maintained a debt-free balance sheet and a healthy cash position, confident in its ability to create long-term value for shareholders [11] Q&A Session Summary Question: Has the revenue gain momentum continued into early fiscal 2026? - Management noted excitement about the growth in the third and fourth quarters, indicating that market momentum appears to be continuing, but it is too early to declare a market turnaround [13] Question: What is the outlook for the new product pipeline for 2026? - Management highlighted ongoing momentum in fishing and diving innovations, emphasizing that product innovation remains a key priority [15] Question: How have pricing actions related to tariffs been received by retail partners? - Management stated that pricing actions taken were strategic and have been well-received by retail partners, with no negative impact on business so far [16] Question: How much have operational efficiencies contributed to gross margin improvements? - Management indicated that operational efficiencies contributed over a point of gross margin improvement, with ongoing cost savings initiatives planned for fiscal 2026 [17] Question: What is the expected effective tax rate for fiscal 2026? - Management expects the effective tax rate to return to a more normal range, mid to high 20s, going forward [18]

Johnson Outdoor (JOUT) came out with a quarterly loss of $0.31 per share versus the Zacks Consensus Estimate of a loss of $0.68. This compares to a loss of $3.35 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of +54.41%. A quarter ago, it was expected that this outdoor gear company would post earnings of $0.24 per share when it actually produced earnings of $0.75, delivering a surprise of +212.5%.Over the last four quarters, the ...

Financial Performance - Total revenue for fiscal year 2025 was $592.4 million, essentially flat compared to $592.8 million in fiscal 2024[3] - The company reported an operating loss of $16.2 million in fiscal 2025, an improvement from a loss of $43.5 million in the prior year[4] - Net loss for the fiscal year was $34.3 million, or $3.35 per diluted share, compared to a net loss of $26.5 million, or $2.60 per diluted share, in fiscal 2024[7] - Operating expenses decreased by $20.2 million from the prior year, largely due to a goodwill impairment charge in the previous year and reduced promotional spending[5] Gross Margin and Cash Position - Gross margin increased to 35.1% in fiscal 2025, up from 33.9% in fiscal 2024, primarily due to improved overhead absorption and reduced inventory reserves[4] - Cash and investments as of October 3, 2025, totaled $176.4 million, a $14.4 million increase from the prior year, with no debt on the balance sheet[10] Revenue by Segment - Fishing segment revenue increased by 2% in fiscal 2025, driven by the success of new product launches[9] - Diving sales also rose by 2% due to modest improvements in market conditions and favorable foreign currency translation[9] - Camping and Watercraft Recreation revenue decreased by 13% primarily due to the exit of the Eureka! brand[9] Future Growth Strategy - The company plans to continue investing in innovation, operational efficiencies, and e-commerce to drive future growth[3]

Core Viewpoint - Johnson Outdoors Inc. reported a solid finish to fiscal year 2025, driven by new product successes and strategic investments despite ongoing market uncertainties [2]. Fiscal 2025 Results - Total revenue for fiscal 2025 was $592.4 million, nearly flat compared to $592.8 million in fiscal 2024 [2]. - The company experienced a significant reduction in operating loss, which was $16.2 million in fiscal 2025 compared to $43.5 million in the prior year [3]. - Gross margin improved to 35.1% in fiscal 2025 from 33.9% in the previous year, attributed to better overhead absorption and reduced inventory reserves [3]. - Operating expenses decreased by $20.2 million, primarily due to a prior year goodwill impairment charge and lower promotional spending [4]. Loss Before Income Taxes - Loss before income taxes was $9.3 million in fiscal 2025, an improvement from a loss of $29.9 million in fiscal 2024, mainly due to increased gross margin and reduced operating expenses [5]. Net Loss - The net loss for fiscal 2025 was $34.3 million, or $3.35 per diluted share, compared to a net loss of $26.5 million, or $2.60 per diluted share, in fiscal 2024 [6]. Fourth Quarter Results - In the fourth quarter, net sales were $135.8 million, an increase of $30 million from the same quarter in the prior year [7]. - The operating loss for the fourth quarter was $8.2 million, significantly improved from a loss of $42.8 million in the prior year [7]. - Gross margin improved due to increased sales volumes and lower promotional pricing [7]. Other Financial Information - As of October 3, 2025, the company reported cash and investments of $176.4 million, a $14.4 million increase from the prior year, with no debt on its balance sheet [8]. - Capital spending totaled $16.0 million in fiscal 2025, compared to $22.0 million in fiscal 2024 [8]. Segment Performance - Fishing segment revenue increased by 2% due to new product successes [8]. - Diving sales also rose by 2%, aided by improved market conditions and favorable foreign currency translation [8]. - Camping and Watercraft Recreation revenue decreased by 13%, primarily due to the exit of the Eureka! brand [8].

Core Viewpoint - Johnson Outdoors Inc. is set to release its financial results for the Fiscal 2025 fourth quarter on December 12, 2025, before market opening, followed by a conference call to discuss the results and provide company updates [1]. Company Overview - Johnson Outdoors Inc. is a leading global innovator in outdoor recreation equipment and technologies, aiming to inspire more people to enjoy the outdoors [3]. - The company designs, manufactures, and markets a diverse portfolio of consumer-preferred brands across four categories: Watercraft Recreation, Fishing, Diving, and Camping [3]. - Iconic brands under Johnson Outdoors include Old Town canoes and kayaks, Carlisle paddles, Minn Kota trolling motors, Cannon downriggers, Humminbird marine electronics, SCUBAPRO dive equipment, and Jetboil outdoor cooking systems [3]. Conference Call Details - A live listen-only webcast of the conference call will be available on Johnson Outdoors' homepage, with a replay accessible for 30 days in the Investor section of the website [2].

Company Overview - Johnson Outdoors (NASDAQ: JOUT) is a well-established company with a diverse portfolio of brands that have historically generated steady profits and cash flows [1] Investment Perspective - The current share price of Johnson Outdoors is not considered irresistibly cheap, indicating a cautious investment approach at this time [1] - The investment strategy focuses on deep value plays, utilizing net current asset value analysis and conservative discounted cash flow calculations [1] Analyst Background - The contributor has a background in computer science and works as an IT project manager, which enhances their understanding of technology investments [1] - The goal of the contributor is to summarize investment insights, educate others on value investing, and foster discussions among investors [1]