Johnson Outdoors (US:JOUT)2025-12-12 12:00Financial 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]