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Jun 27, 2025
Johnson Outdoors Q3 2025 Earnings Report
Johnson Outdoors returned to profitability in Q3 2025 with improved margins and strong growth in its Fishing and Diving segments.
Key Takeaways
Johnson Outdoors delivered a solid Q3 performance, highlighted by a 5% year-over-year increase in revenue and significant improvement in operating income. The Fishing segment led growth with successful new product launches, while improved gross margin and lower operating expenses supported earnings recovery.
Revenue rose to $180.7 million, up from $172.5 million in Q3 2024.
Net income jumped to $7.7 million from $1.6 million in the prior-year quarter.
Gross margin expanded to 37.6% from 35.8%, driven by better overhead absorption.
Cash and short-term investments increased to $161 million, up from $148.4 million year-over-year.
Revenue by Segment
Forward Guidance
The company remains focused on operational efficiency and brand positioning amid a dynamic market environment, while continuing to invest in innovation and digital capabilities.
Positive Outlook
- Strong growth in Fishing segment driven by new product success.
- Improved gross margin due to operational efficiencies.
- Diving segment saw 7% revenue growth with favorable currency tailwinds.
- Cash position strengthened to $161 million.
- Board approved quarterly dividend payable in July 2025.
Challenges Ahead
- Camping & Watercraft sales declined 14% due to Eureka! business exit.
- Year-to-date revenue down 6.2% compared to prior year.
- Inventory levels remain elevated at $163.7 million.
- Tariff environment continues to pose uncertainty.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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