PART I: FINANCIAL INFORMATION [Financial Statements](index=4&type=section&id=Item%201.%20Financial%20Statements) The unaudited condensed consolidated financial statements for the three months ended January 1, 2021, reflect significant growth in net sales and net income, driven by increased consumer demand for outdoor recreation products, maintaining a strong, debt-free balance sheet [Condensed Consolidated Statements of Operations](index=4&type=section&id=Condensed%20Consolidated%20Statements%20of%20Operations) Net sales for the three months ended January 1, 2021, increased by **29.4% to $165.7 million**, driving a surge in operating profit and net income Consolidated Statements of Operations Highlights (unaudited) | (In thousands, except per share data) | Three Months Ended Jan 1, 2021 | Three Months Ended Dec 27, 2019 | Change (%) | | :--- | :--- | :--- | :--- | | **Net sales** | $165,667 | $128,054 | 29.4% | | **Gross profit** | $75,030 | $53,612 | 40.0% | | **Operating profit** | $23,557 | $6,801 | 246.4% | | **Net income** | $19,847 | $6,430 | 208.7% | | **Diluted EPS (Class A)** | $1.96 | $0.64 | 206.3% | [Condensed Consolidated Balance Sheets](index=6&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) As of January 1, 2021, the balance sheet shows **strong liquidity with $195.9 million in cash** and increased total assets and shareholders' equity Key Balance Sheet Items (unaudited) | (In thousands) | Jan 1, 2021 | Oct 2, 2020 | Dec 27, 2019 | | :--- | :--- | :--- | :--- | | **Cash and cash equivalents** | $195,923 | $212,437 | $138,257 | | **Accounts receivable, net** | $97,386 | $67,292 | $78,249 | | **Inventories** | $114,849 | $97,437 | $103,885 | | **Total current assets** | $417,256 | $388,538 | $330,126 | | **Total assets** | $577,181 | $546,026 | $486,123 | | **Total current liabilities** | $113,288 | $105,607 | $95,261 | | **Total liabilities** | $178,569 | $167,926 | $155,884 | | **Total shareholders' equity** | $398,612 | $378,100 | $330,239 | [Condensed Consolidated Statements of Cash Flows](index=8&type=section&id=Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) Cash used for operating activities significantly improved to **$11.2 million** in Q1 fiscal 2021, contributing to an ending cash balance of **$195.9 million** Consolidated Cash Flow Summary (unaudited) | (In thousands) | Three Months Ended Jan 1, 2021 | Three Months Ended Dec 27, 2019 | | :--- | :--- | :--- | | **Net cash used for operating activities** | $(11,238) | $(29,088) | | **Net cash used for investing activities** | $(4,388) | $(3,307) | | **Net cash used for financing activities** | $(2,589) | $(2,149) | | **Effect of foreign currency on cash** | $1,701 | $419 | | **Decrease in cash and cash equivalents** | $(16,514) | $(34,125) | | **Cash and cash equivalents, end of period** | $195,923 | $138,257 | [Notes to Condensed Consolidated Financial Statements](index=9&type=section&id=Notes%20to%20Condensed%20Consolidated%20Financial%20Statements) Notes detail financial statement basis, accounting policies, and the **COVID-19 pandemic's impact** on demand, segment performance, pension plans, and debt status - The **COVID-19 pandemic** led to **increased participation** in outdoor activities like fishing, camping, and watercraft recreation, driving **higher demand** for the company's products starting in the latter half of fiscal 2020 and continuing into Q1 fiscal 2021[27](index=27&type=chunk) - Management has initiated actions to terminate its two defined benefit pension plans, estimated to result in an unfavorable impact on net income of approximately **$4 to $5 million** when payouts occur[57](index=57&type=chunk) - The company had **no debt outstanding** as of January 1, 2021, October 2, 2020, or December 27, 2019, maintaining an unused **$75 million** revolving credit facility[69](index=69&type=chunk)[70](index=70&type=chunk) Segment Net Sales and Operating Profit (Three Months Ended Jan 1, 2021 vs Dec 27, 2019) (In thousands) | Segment | Net Sales (Q1'21) | Net Sales (Q1'20) | % Change | Operating Profit (Q1'21) | Operating Profit (Q1'20) | | :--- | :--- | :--- | :--- | :--- | :--- | | Fishing | $126,859 | $99,193 | 27.9% | $27,763 | $15,018 | | Camping | $12,185 | $7,505 | 62.4% | $2,808 | $66 | | Watercraft Rec. | $12,397 | $4,803 | 158.1% | $1,069 | $(1,563) | | Diving | $14,090 | $16,458 | -14.4% | $(341) | $205 | [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=24&type=section&id=Item%202.%20Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management attributes strong Q1 fiscal 2021 performance to increased outdoor recreation demand, driving **29% net sales growth** and improved gross margin, while maintaining a strong, debt-free balance sheet [Results of Operations](index=26&type=section&id=Results%20of%20Operations) Q1 2021 net sales increased **29% to $165.7 million**, driven by strong growth in outdoor recreation segments, improving gross profit margin to **45.3%** - The increase in sales is mainly attributable to **increased participation** in outdoor recreation activities as a result of social distancing and other indoor activity restrictions related to the COVID-19 pandemic[123](index=123&type=chunk) Net Sales by Segment (Three Months Ended) (In thousands) | Segment | Jan 1, 2021 | Dec 27, 2019 | % Change | | :--- | :--- | :--- | :--- | | Fishing | $126,999 | $99,278 | +28% | | Camping | $12,194 | $7,514 | +62% | | Watercraft Recreation | $12,443 | $4,809 | +159% | | Diving | $14,093 | $16,459 | -14% | | **Total** | **$165,667** | **$128,054** | **+29%** | - Gross profit margin improved to **45.3%** in Q1 2021 from **41.9%** in Q1 2020, primarily due to product mix and increased efficiencies, which offset **$700 thousand** of higher tariff costs[138](index=138&type=chunk) - The company anticipates a full-year negative impact of approximately **$7 million** from Section 301 tariffs in fiscal 2021, up from **$3.5 million** in fiscal 2020, due to expired exclusions and new tariffs[139](index=139&type=chunk) [Liquidity and Financial Condition](index=30&type=section&id=Liquidity%20and%20Financial%20Condition) The company maintains a **robust financial condition** with **$195.9 million in cash** and no debt, significantly improving cash flow from operations - The company's debt to total capitalization ratio was **0%** as of January 1, 2021, with a total debt balance of **$0**[148](index=148&type=chunk) - Accounts receivable increased by **$19.1 million** and inventories increased by **$11.0 million** compared to the prior year, consistent with higher sales volumes and efforts to meet increased demand[149](index=149&type=chunk) Summary of Cash Flows (Three months ended) | (In thousands) | Jan 1, 2021 | Dec 27, 2019 | | :--- | :--- | :--- | | Cash used for operating activities | $(11,238) | $(29,088) | | Cash used for investing activities | $(4,388) | $(3,307) | | Cash used for financing activities | $(2,589) | $(2,149) | [Quantitative and Qualitative Disclosures about Market Risk](index=32&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20about%20Market%20Risk) The company faces market risks from commodity prices, interest rates, and foreign currency, with **COVID-19 and supply chain strains** posing significant uncertainties - The **COVID-19 pandemic** continues to pose a risk, with potential adverse impacts on the supply chain, manufacturing capabilities, and future consumer demand, although it has so far driven **heightened demand** for outdoor products[163](index=163&type=chunk) - Approximately **10%** of revenues for the quarter were denominated in foreign currencies, primarily euros and Canadian dollars; the company may use forward contracts to mitigate currency risk but held none at the end of the period[166](index=166&type=chunk)[77](index=77&type=chunk) - Higher than normal demand levels may **strain the supply chain**, potentially causing **limited availability and increased costs** for key raw materials and components[171](index=171&type=chunk) [Controls and Procedures](index=33&type=section&id=Item%204.%20Controls%20and%20Procedures) Management, including the CEO and CFO, concluded that disclosure controls and procedures were effective with no material changes to internal control - Management, including the CEO and CFO, concluded that the company's disclosure controls and procedures were **effective** as of January 1, 2021[172](index=172&type=chunk) - **No changes** occurred during the last fiscal quarter that have materially affected, or are reasonably likely to materially affect, the company's internal control over financial reporting[175](index=175&type=chunk) PART II: OTHER INFORMATION [Legal Proceedings](index=35&type=section&id=Item%201.%20Legal%20Proceedings) The company is not currently involved in any legal proceedings expected to have a material adverse effect on its financial statements - In the normal course of business, the Company may be involved in various legal proceedings, but **none are currently expected to have a material adverse effect** on its financial statements[176](index=176&type=chunk) [Risk Factors](index=35&type=section&id=Item%201A.%20Risk%20Factors) A new risk factor highlights the **high volatility of Class A Common Stock price**, with no other material changes to previously disclosed risks - A new risk factor was added highlighting that the trading price of the Class A Common Stock is **highly volatile** and shareholders may not be able to resell shares at or above the price they paid[177](index=177&type=chunk)[178](index=178&type=chunk) - **No other material changes** were made to the risk factors previously disclosed in the annual report on Form 10-K[180](index=180&type=chunk) [Exhibits](index=35&type=section&id=Item%206.%20Exhibits) This section references the Exhibit Index, including **CEO and CFO certifications** and financial data in XBRL format - The report includes **CEO and CFO certifications** under Sections 302 and 906 of the Sarbanes-Oxley Act[187](index=187&type=chunk) - Financial statements and notes are provided in **XBRL format** as required[187](index=187&type=chunk)

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended October 2, 2020 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 jurisdiction o ...

Johnson Outdoors Inc. (NASDAQ:JOUT) Q4 2020 Results Earnings Conference Call December 11, 2020 11:00 AM ET Company Participants Patricia Penman - Vice President, Global Marketing Services and Communication Helen Johnson-Leipold - Chairman and CEO David Johnson - Vice President and CFO Conference Call Participants Anthony Lebiedzinski - Sidoti & Company Operator Hello everyone. And welcome to the Johnson Outdoors Fourth Quarter 2020 Earnings Conference Call. Today’s call will be held by Helen Johnson-Leipold ...

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 June 26, 2020 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 ju ...

Johnson Outdoors Inc. (NASDAQ:JOUT) Q2 2020 Earnings Conference Call May 5, 2020 11:00 AM ET Company Participants Helen Johnson-Leipold - Chairman & Chief Executive Officer David Johnson - Vice President & Chief Financial Officer Patricia Penman - Vice President of Marketing Services & Global Communications Conference Call Participants Anthony Lebiedzinski - Sidoti Operator Hello to everyone and welcome to the Johnson Outdoors Second Quarter 2020 Earnings Conference Call. Helen Johnson-Leipold, Johnson Outd ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ☐ 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) (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ...

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 December 27, 2019 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) (State or other jurisdiction of inc ...

Johnson Outdoors Inc. (NASDAQ:JOUT) Q1 2020 Earnings Conference Call January 31, 2020 11:00 AM ET Company Participants Patricia Penman - VP, Marketing Services & Global Communications Helen Johnson-Leipold - Chairman and CEO David Johnson - VP and CFO Conference Call Participants Anthony Lebiedzinski - Sidoti Operator Hello, everyone, and welcome to the Johnson Outdoors First Quarter 2020 Earnings Conference Call. Today's call will be led by Helen Johnson-Leipold, Johnson Outdoors' Chairman and Chief Execu ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended September 27, 2019 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) (State or other jurisdiction of incorporation or ...

Johnson Outdoors Inc. (NASDAQ:JOUT) Q4 2019 Earnings Conference Call December 6, 2019 11:00 AM ET Company Participants Patricia Penman - VP, Marketing Services & Global Communications Helen Johnson-Leipold - Chairman and Chief Executive Officer David Johnson - Vice President and Chief Financial Officer Conference Call Participants Anthony Lebiedzinski - Sidoti Operator Hello, everyone and welcome to the Johnson Outdoors Fourth Quarter 2019 Earnings Conference Call. Today's call will be led by Helen Johnson- ...