JOUT JOHNSON OUTDOORS INC
Price Chart
Executive Summary
Johnson Outdoors reported fiscal Q2 2026 results with net sales of $194.5M (+16% YoY) and diluted EPS of $0.89, a 2.3% beat vs the $0.87 consensus estimate. Operating income more than doubled to $10.3M from $4.9M a year ago, driven by 380bps of gross margin expansion to 38.8% and strong Fishing segment growth of 18%. The company did not provide forward guidance, but the sequential improvement from a Q1 net loss of -$0.33/share to Q2 profitability of $0.89/share signals a meaningful inflection in the core business.
Key Financial Metrics
Actionable Insight
The strong Q2 beat and accelerating revenue growth (+16% vs +31% in Q1 but on a much larger base) confirm the demand recovery in Fishing and Diving segments. With $107.9M cash, no debt, and a $559M market cap, the stock trades at ~14x trailing earnings — cheap for a company showing this margin trajectory. Watch for Q3 (peak selling season) results in August for confirmation of the trend.
Key Facts
- Fiscal Q2 2026 net sales $194.5M, +16% YoY vs $168.3M
- Diluted EPS $0.89, beat consensus of $0.87 by 2.3%
- Operating income $10.3M, more than doubled from $4.9M YoY
- Gross margin expanded 380bps to 38.8% from 35.0%
- Fishing segment revenue +18% to $159.0M; Diving +9%; Camping/Watercraft +1%
- Net income $9.4M vs $2.3M YoY; YTD net income $6.1M vs net loss of -$13.0M prior year
- Cash and short-term investments $107.9M, up $13.9M YoY
- Quarterly cash dividend approved in February 2026, paid April 30, 2026
Financial Impact
Q2 net income improved $7.1M YoY to $9.4M; YTD net income swing of +$19.1M vs prior year loss
Risk Factors
- Consumer discretionary spending could weaken if macroeconomic conditions deteriorate
- Tariff and supply chain risks given U.S. trade policy uncertainty
- Camping & Watercraft segment only grew 1%, signaling potential headwinds in that category
- Operating expenses increased $11.2M (+21%) YoY, outpacing revenue growth
Market Snapshot
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001171843-26-003187 |
| Document: f8k_050726.htm | 0001171843-26-003187 |
| Document: 0001171843-26-003187-index-headers.html | 0001171843-26-003187 |
| Document: 0001171843-26-003187-index.html | 0001171843-26-003187 |
| Document: 0001171843-26-003187.txt | 0001171843-26-003187 |
| 8-K Data (Synthetic) | 0001171843-26-003187 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
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Jun 12, 2026
2d ago
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Institutional Cluster
| $47.21 awaiting T+5 | awaiting T+5 | — | $46.80 (−0.87%) |
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May 29, 2026
16d ago
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8-K
| $44.76 $44.84 | ▲ +0.18% | ▲ +2.70% | $46.80 (+4.56%) |
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May 29, 2026
16d ago
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Press Release
| $44.76 $44.84 | ▲ +0.18% | ▲ +2.70% | $46.80 (+4.56%) |
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May 8, 2026
5w ago
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8-K
| $51.41 $39.76 | ▼ −22.66% | ▼ −24.12% | $46.80 (−8.97%) |
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May 8, 2026
5w ago
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Press Release
| $51.41 $39.76 | ▼ −22.66% | ▼ −24.12% | $46.80 (−8.97%) |
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Apr 24, 2026
7w ago
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Press Release
| $51.60 $52.63 | ▲ +2.00% | ▲ +1.09% | $46.80 (−9.30%) |
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Mar 4, 2026
14w ago
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8-K
| $46.52 $43.97 | ▼ −5.49% | ▼ −3.25% | $46.80 (+0.60%) |
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Feb 27, 2026
15w ago
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8-K
| $48.18 $45.47 | ▼ −5.63% | ▼ −3.65% | $46.80 (−2.87%) |
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Feb 23, 2026
16w ago
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Insider Cluster
| $49.49 $48.90 | ▼ −1.20% | ▼ −1.82% | $46.80 (−5.44%) |
US Market Status
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