UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended January 2, 2026 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________ to _________ Commission file number 0-16255 JOHNSON OUTDOORS INC. (Exact name of Registrant as specified in its charter) Wisconsin 39-1536083 (State or other ...

Financial Data and Key Metrics Changes - The loss before income taxes for the first quarter was $1.3 million, significantly improved from a pretax loss of $18.9 million in the previous year quarter, driven by revenue growth and improving margins [8] - Gross margin for the first quarter improved to 36.6%, up 6.7 points from the prior year, primarily due to overhead absorption from higher volumes and price increases [8] - Operating expenses increased by $2.1 million from the prior year, mainly due to increased sales volume-related expenses, partially offset by decreased warranty expenses [8] Business Line Data and Key Metrics Changes - The fishing segment, particularly the Minn Kota and Humminbird brands, showed solid performance with strong demand for new products like the XPLORE Series and MEGA Live 2 fish finders [4] - In the camping and watercraft segment, investments in digital and e-commerce have paid off, with Jetboil and Old Town seeing growth driven by online sales [4][5] - The diving segment experienced increased sales due to improved global market conditions and innovation, particularly with the SCUBAPRO's new HYDROS PRO 2 product [5][6] Market Data and Key Metrics Changes - The overall market showed signs of stabilization, contributing to double-digit growth in the first quarter, which is typically a slower period [3] - Trade dynamics improved, allowing for healthy demand and sell-in during the first quarter, positioning the trade in a good inventory state [17] Company Strategy and Development Direction - The company aims to maintain a strong innovation pipeline, grow digital and e-commerce momentum, and improve product costs and operating efficiency through cost-saving initiatives [7] - The focus on innovation is critical for maintaining market leadership amidst strong competition [13] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the start of fiscal 2026, noting improvements in profitability and execution of growth plans despite uncertainties in the broader environment [4][6] - The company remains confident in its ability to create long-term value for shareholders, with a debt-free balance sheet and ongoing dividend payments [9] Other Important Information - The inventory balance at the end of the first quarter was $183.9 million, down about $17.7 million from the previous year quarter [9] Q&A Session Summary Question: Pricing versus unit volumes - Management indicated that most of the increase in the quarter was driven by unit volume, although pricing adjustments were made in response to cost increases [12] Question: Contribution of new products to sales - Management confirmed that innovation remains critical, with improvements in new product success contributing to growth [15] Question: E-commerce revenue percentage and future goals - E-commerce is the fastest-growing channel, with plans to continue expanding its contribution to overall revenue [16] Question: Current trade inventory levels - Management noted that trade inventory levels are healthy, allowing for good sell-in during the first quarter [17] Question: Future cost savings initiatives - Management emphasized the importance of ongoing cost-saving initiatives to optimize product costs and improve efficiency [18] Question: Warranty expense impact on operating expenses - Warranty expenses had a minor impact on the operating expense percentage, which decreased in the quarter [19] Question: Future tax rate expectations - Management indicated that the tax rate may fluctuate based on profits in various geographies, particularly due to a valuation allowance in the U.S. [21]

Financial Data and Key Metrics Changes - The company reported a loss before income taxes of $1.3 million for the first quarter, significantly improved from a pretax loss of $18.9 million in the same quarter last year, driven by revenue growth and improving margins [8] - Gross margin improved to 36.6%, up 6.7 percentage points from the prior year, primarily due to overhead absorption from higher volumes and price increases offsetting material cost increases [8] - Operating expenses increased by $2.1 million compared to the previous year, mainly due to increased sales volume-related expenses, partially offset by decreased warranty expenses [8] Business Line Data and Key Metrics Changes - The fishing segment, particularly the Minn Kota and Humminbird brands, showed solid performance with strong demand for new products like the XPLORE Series and MEGA Live 2 fish finders [4] - In the camping and watercraft segment, investments in digital and e-commerce have paid off, with Jetboil and Old Town seeing growth driven by online sales [4][5] - The diving segment experienced increased sales due to improved global market conditions and successful product innovations, particularly the SCUBAPRO's new HYDROS PRO 2 [5][6] Market Data and Key Metrics Changes - The company noted that markets have stabilized, contributing to double-digit growth in the first quarter, which is typically a slower period [3] - Trade inventory levels were reported to be in a healthy position, allowing for good sell-in during the first quarter [17] Company Strategy and Development Direction - The company aims to maintain a strong innovation pipeline, grow digital and e-commerce momentum, and improve product costs and operating efficiency through cost-saving initiatives [7] - The focus on innovation is seen as critical for maintaining market leadership amid strong competition [13] Management Comments on Operating Environment and Future Outlook - Management expressed optimism about the start of fiscal 2026, highlighting improved profitability and execution of growth plans despite uncertainties in the broader environment [4][6] - The company remains confident in its ability to create long-term value for shareholders, with a debt-free balance sheet and ongoing dividend payments [9] Other Important Information - The inventory balance at the end of the first quarter was $183.9 million, down about $17.7 million from the previous year [9] Q&A Session Summary Question: Pricing versus unit volumes - Management indicated that most of the revenue increase was driven by unit volume, although pricing adjustments were made in response to cost increases [12] Question: Contribution of new products to sales - Management confirmed that innovation remains critical, with improvements in new product success rates observed over the last couple of years [15] Question: E-commerce revenue percentage and growth goals - E-commerce is the fastest-growing channel for the company, with goals to continue expanding it at a faster pace than overall business growth [16] Question: Current trade inventory levels - Management reported that trade inventory levels are healthy, allowing for good sell-in during the first quarter [17] Question: Future cost savings initiatives - Management emphasized that cost savings initiatives will continue to be a key strategy, especially in volatile supply chain conditions [18] Question: Warranty expense impact on operating expenses - Warranty expenses were noted to have decreased, contributing to a slight reduction in operating expense percentage [19] Question: Future tax rate expectations - Management indicated that the tax rate may fluctuate based on profits in various geographies, particularly due to a valuation allowance in the U.S. [21]

Financial Data and Key Metrics Changes - The operating loss for Q1 2026 was $1.3 million, significantly improved from a pretax loss of $18.9 million in the same quarter of the previous year, driven by revenue growth and improving margins [8] - Gross margin improved to 36.6%, up 6.7 percentage points from the prior year, primarily due to overhead absorption from higher volumes and price increases offsetting material cost increases [8] - Inventory balance at the end of Q1 was $183.9 million, down approximately $17.7 million from the previous year [9] Business Line Data and Key Metrics Changes - The fishing segment, particularly the Minn Kota and Humminbird brands, showed solid performance with strong demand for new products like the XPLORE Series and MEGA Live 2 fish finders [4] - In the camping and watercraft segment, investments in digital and e-commerce have driven growth, with Jetboil and Old Town performing well [5] - The diving segment saw increased sales due to improved global market conditions and innovation, particularly with the SCUBAPRO's new HYDROS PRO 2 product [5] Market Data and Key Metrics Changes - The overall market showed signs of stabilization, contributing to double-digit growth in Q1 2026, which is typically a slower period for the company [3] - Trade inventory levels were reported to be in a healthy position, allowing for good sell-in during the first quarter [17] Company Strategy and Development Direction - The company aims to maintain a strong innovation pipeline, enhance digital and e-commerce momentum, and improve product costs and operating efficiency through cost-saving initiatives [6][7] - The focus on digital engagement is seen as a key opportunity to strengthen connections between products, retail partners, and consumers [5] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the start of fiscal 2026, despite uncertainties in the broader environment, and highlighted the execution of plans to accelerate growth [4] - The company remains confident in its ability to create long-term value for shareholders, with a debt-free balance sheet and ongoing dividend payments [9] Other Important Information - The company continues to focus on optimizing product costs and efficiency, especially in light of supply chain volatility [18] Q&A Session Summary Question: Pricing versus unit volumes - The increase in the quarter was primarily driven by unit volume, although pricing adjustments were made in response to cost increases [12] Question: Contribution of new products to sales - Innovation remains critical, and there has been an improvement in the success rate of new products over the last couple of years [14] Question: E-commerce revenue percentage and growth goals - E-commerce is the fastest-growing channel, with goals to continue expanding it at a faster pace than overall business growth [16] Question: Current trade inventory levels - Trade inventory is in a good position to react to sell-in, with expectations for consumer takeaway as the season begins [17] Question: Future cost savings initiatives - The company plans to continue working on cost savings initiatives to optimize product costs and improve efficiency [18] Question: Warranty expense impact on operating expenses - Warranty expense contributed to a decrease in operating expense percentage, although it was less than a point [19] Question: Future tax rate expectations - The tax rate may fluctuate based on profits in various geographies, with a valuation allowance affecting U.S. tax expenses [20]

Financial Performance - Total Company net sales increased by 31% to $140.9 million in the first fiscal quarter compared to $107.6 million in the prior year[4] - Gross margin improved to 36.6%, up from 29.9% in the prior year quarter, due to better overhead absorption and cost savings[5] - Operating loss decreased to $(2.9) million from $(20.2) million in the prior year first quarter[5] - Net loss was $(3.3) million, or $(0.33) per diluted share, compared to $(15.3) million, or $(1.49) per diluted share in the previous year's first quarter[6] Revenue Growth - Fishing revenue increased by 36% primarily due to successful new product launches and improved trade inventory levels[9] - Camping & Watercraft Recreation sales rose by 12% driven by new product success and growth in the e-commerce channel[9] - Diving sales increased by 15%, supported by improvements across global markets[9] Cash and Investments - Cash and short-term investments totaled $130.7 million as of January 2, 2026[7] - Capital spending for the current quarter was $4.3 million, compared to $4.1 million in the prior year period[7] Strategic Management - The Company plans to continue managing costs strategically while protecting investments to strengthen the business[8]

RACINE, Wis., Jan. 27, 2026 (GLOBE NEWSWIRE) -- JOHNSON OUTDOORS INC. (Nasdaq: JOUT), a leading global innovator of outdoor recreation equipment and technology, will release financial results for the Fiscal 2026 first quarter on Friday, February 6, 2026, before market open that day. The Company will host a conference call and audio webcast shortly afterwards at 11:00 a.m. Eastern Time to discuss the financial results and provide a Company update. A live listen-only webcast of the conference call may be acce ...

Core Viewpoint - The article discusses five dividend-paying stocks that also exhibit growth potential, highlighting their strong dividend yields and annualized growth rates, along with their momentum scores. Group 1: Morgan Stanley - Morgan Stanley has a Benzinga Edge Momentum Score of 86.86 and is pivoting towards fee-heavy investment and wealth management, which is expected to enhance its growth potential by 2026 [4] - The company manages over $8 trillion in assets and offers a dividend yield of 2.14%, with a payout ratio of 41% and a five-year annualized dividend growth rate of 22.4% [5] - Analysts anticipate Q4 revenue to exceed $17.4 billion, and Barclays has raised its price target from $183 to $219, indicating strong market confidence [6][8] Group 2: Eni SpA - Eni has a Benzinga Edge Momentum Score of 84.75 and operates as an Italian oil and gas conglomerate with a market cap of nearly $58 billion [10] - The company has a strong dividend yield of just under 6% and a five-year annualized growth rate of 12.9%, despite a payout ratio exceeding 90% [13] - Eni's stock shows positive momentum, with the 50-day SMA acting as support and increasing buyer interest indicated by the MACD [14] Group 3: Banc of California Inc. - Banc of California has a Benzinga Edge Momentum Score of 84.31 and has gained attention following its merger with Pacific Western, positioning itself as a leading mid-size regional bank [15] - The company is expected to see significant EPS growth in 2026, with a current dividend yield of just over 2% and a five-year dividend growth rate of 15.8% [16] - Banc of California's stock has risen nearly 30% in the past year, supported by a positive technical outlook with the price above the 50-day and 200-day SMAs [18] Group 4: Johnson Outdoors Inc. - Johnson Outdoors has a Benzinga Edge Momentum Score of 85.18 and is positioned to benefit from affluent consumer spending trends in 2026 [19] - The company has a dividend yield of 3.04% and a five-year annualized growth rate of over 14%, despite a high payout ratio of 125% [22] - Johnson Outdoors has a nearly debt-free balance sheet and a net cash position of $127 million, which supports its dividend obligations [20]

Core Insights - The company reported a positive third quarter with a 5% increase in sales to $180.7 million compared to $172.5 million in the same quarter last year, and a significant operating profit of $7.3 million, reversing the previous year's loss [4][6] - The company is focused on operational efficiencies, innovation, and e-commerce, supported by a debt-free balance sheet and strong cash position [1][7] Financial Performance - Profit before income taxes increased significantly due to higher sales, improved gross margins, and reduced operating expenses [6] - Gross margin improved to 37.6%, up 1.8 percentage points from the previous year, driven by higher volumes, better pricing, and cost-saving measures [6] - Operating expenses decreased by $1.7 million compared to the prior year, with a notable reduction in promotion and professional services expenses [6][7] Market and Product Insights - Demand for new products, such as Jetboil's Fast Boil cooking systems and Hummingbird's MEGA Live 2 Sonar fish finder technology, has exceeded expectations [2][3] - The company received industry recognition, including the Best in Electronics award for the XPLORE fish finder unit at ICAST, which is expected to enhance demand [3][16] Inventory and Tariff Management - Inventory levels decreased to $163.7 million, down approximately $59.4 million from the previous year [7] - The company is actively managing tariff impacts and has made progress on mitigation strategies, although it anticipates some cost increases in the fourth quarter [7][12] Strategic Focus - The company continues to invest in innovation and operational efficiencies to drive future growth [1][5] - There is a commitment to maintaining a robust cost savings program and improving product costs [14]

Core Insights - Crude Value Insights provides an investment service and community focused on the oil and natural gas sectors, emphasizing cash flow and the companies that generate it, which leads to value and growth prospects with real potential [1] Group 1 - The service offers subscribers access to a model account with over 50 stocks, in-depth cash flow analyses of exploration and production (E&P) firms, and live chat discussions about the sector [1]

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]