JOUT

EX-99.1

2 exh_991.htm

PRESS RELEASE

EdgarFiling

EXHIBIT 99.1

Johnson Outdoors Reports Fiscal Third Quarter Results

RACINE, Wis., Aug. 07, 2026 (GLOBE NEWSWIRE) -- Johnson Outdoors Inc. (Nasdaq:JOUT), a leading global innovator of outdoor recreation equipment and technology, today announced operating results for the Company’s third fiscal quarter ending July 3, 2026.

“We delivered solid third quarter results with total company sales increasing 5 percent, reflecting the strength of our market-leading brands,” said Helen Johnson-Leipold, Chairman and Chief Executive Officer. “While macroeconomic conditions remain uncertain, we continue to focus on advancing our strategic priorities, strengthening our competitive position, and making the investments necessary to support long-term growth.”

THIRD QUARTER RESULTS

Total Company net sales in the third quarter increased 5 percent to $189.7 million compared to $180.7 million in the prior year third fiscal quarter.

Fishing revenue increased 7 percent, driven by strength in Minn Kota and pricing actions Diving sales increased 10 percent, driven by strong sales in regulators and buoyancy compensator devices Camping & Watercraft Recreation sales declined 13 percent, primarily due to weak marketplace conditions in these segments

Total Company operating income was $18.3 million for the third fiscal quarter versus operating income of $7.3 million in the prior year third quarter. Gross margin improved to 45.3 percent, compared to 37.6 percent in the prior year quarter. Tariff refunds received of approximately $15 million during the quarter contributed to the improvement. Operating expenses increased $7.0 million from the prior year period, due primarily to increased sales-volume related costs as well as increased variable compensation costs.

Profit before income taxes was $23.3 million in the current year quarter, compared to $10.5 million in the prior year third quarter, mainly attributable to the factors noted above. Net income was $14.9 million, or $1.42 per diluted share, versus $7.7 million, or $0.75 per diluted share in the previous year’s third quarter. The effective tax rate was an expense of 35.8 percent compared to 26.3 percent in the prior year third quarter.

YEAR-TO-DATE RESULTS

Fiscal 2026 year-to-date net sales were $525.1 million, a 15.0 percent increase over last year’s fiscal nine-month period. Gross margin increased to 40.6 percent, compared to 34.8 percent in the prior year-to-date period. Tariff refunds, pricing actions, improved overhead absorption, and cost savings initiatives more than offset higher material costs to drive margin improvement in the current year-to-date period. Operating expenses increased $20.3 million in the nine-month period ending July 3, 2026, from the prior year due to higher sales-volume related costs, higher variable compensation costs, and additional professional services expense in the current year-to-date period.

Profit before income taxes for the year-to-date period was $32.2 million, versus a loss before income taxes of $(4.3) million in the first nine months of the prior year. In addition to the increase in operating profit, other income increased by $2.1 million, primarily due to an increase in investment gains and earnings on the assets related to the Company’s non-qualified deferred compensation plan in the current year-to-date period, offset entirely as an increase in operating expense between the same periods. Net income during the first fiscal nine months was $21.1 million, or $2.00 per diluted share, versus a net loss of $(5.2) million, or $(0.52) per diluted share, in the prior fiscal year-to-date period. The Company’s effective tax rate increased to 34.7 percent in the current year versus a rate of (22.8) percent in the prior year nine-month period.

OTHER FINANCIAL INFORMATION

The Company reported cash and short-term investments of $175.2 million as of July 3, 2026, an increase of $14.2 million over the prior year quarter. Depreciation and amortization were $15.0 million in the nine-month period ending July 3, 2026, compared to $15.3 million in the prior nine-month period. Capital spending totaled $16.4 million in the current quarter compared with $11.8 million in the prior year quarter. In May 2026, the Company’s Board of Directors approved a quarterly cash dividend to shareholders of record as of July 16, 2026, which was payable July 30, 2026.

“We recognized approximately $15 million of tariff refunds in the third quarter, with some of that benefit offset by broader cost inflation and other expense increases. As tariff policies continue to evolve, we remain cautious about the outlook for costs and are monitoring developments closely,” said Asad Rahman, Chief Financial Officer. “Our inventory increased compared to the prior year quarter as we positioned the business to support sales demand, and we remain confident in our inventory management processes and our ability to maintain healthy inventory le

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Form 8-K

False 0000788329

0000788329

2026-02-06 2026-02-06

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xbrli:shares

iso4217:USD

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported):  February 6, 2026

Johnson Outdoors Inc.

(Exact name of registrant as specified in its charter)

Wisconsin 0-16255 39-1536083

(State or Other Jurisdiction of Incorporation) (Commission File Number) (I.R.S. Employer Identification No.)

555 Main Street

Racine, Wisconsin 53403

(Address of Principal Executive Offices) (Zip Code)

(262) 631-6600

(Registrant's telephone number, including area code)

Not Applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class Trading Symbol(s) Name of each exchange on which registered

Class A Common Stock, $.05 par value per share

JOUT

NASDAQ

Global Select Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Section 2 - Financial Information

Item 2.02. Results of Operations and Financial Condition.

On February 6, 2026, Johnson Outdoors Inc. (the “Company”) issued a press release announcing results for the first fiscal quarter ended January 2, 2026 (the “Press Release”). A copy of the Press Release is being furnished as Exhibit 99.1 to this Report.

The information in this Form 8-K, including Exhibit 99.1, is being furnished and shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liability of that Section, nor shall such information be deemed to be incorporated by reference in any registration statement or other document filed under the Securities Act of 1933, as amended, or the Exchange Act, except as otherwise stated in such filing.

Section 9 - Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits. The following exhibit is being furnished herewith:

99.1

Press Release dated February 6, 2026

104

Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Johnson Outdoors Inc.

Date: February 6, 2026 By: /s/ David W. Johnson

David W. Johnson

Vice President and Chief Financial Officer