Johnson Outdoors (US:JOUT) Globenewswire·2025-12-12 11:00Core 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].