The massive EPS beat is partly due to one-time tariff refunds; watch next quarter for margin sustainability and any guidance on tariff exposure. The Camping segment decline and cautious commentary suggest headwinds, but strong Fishing and Diving performance supports the stock near term.
Price Chart
Executive Summary
Johnson Outdoors reported fiscal Q3 2026 results with net sales of $189.7M (+5% YoY) and EPS of $1.42, crushing the $0.68 consensus by 109%. Gross margin expanded to 45.3% from 37.6%, aided by ~$15M in tariff refunds. However, no formal guidance was provided and management expressed caution on tariff policy, while the Camping & Watercraft segment declined 13%.
Key Financial Metrics
Key Facts
- Net sales $189.7M, up 5% YoY from $180.7M
- EPS $1.42 vs $0.75 YoY and vs consensus $0.68 (beat by 109%)
- Gross margin 45.3% vs 37.6% YoY, helped by ~$15M in tariff refunds
- Operating income $18.3M vs $7.3M YoY; net income $14.9M vs $7.7M
- Fishing revenue +7%, Diving +10%, Camping & Watercraft -13%
- Cash and short-term investments $175.2M, up $14.2M YoY
- No formal guidance provided; cautious on tariff outlook
Financial Impact
Revenue growth of 5% and EPS more than doubled YoY, but ~$15M in tariff refunds provided a non-recurring boost to margins
Risk Factors
- Tariff policy uncertainty could reverse margin gains
- Camping & Watercraft segment declining 13% signals weak consumer demand in that category
- No formal guidance increases uncertainty about future quarters
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001171843-26-005346 |
| Document: f8k_080726.htm | 0001171843-26-005346 |
| Document: 0001171843-26-005346-index-headers.html | 0001171843-26-005346 |
| Document: 0001171843-26-005346-index.html | 0001171843-26-005346 |
| Document: 0001171843-26-005346.txt | 0001171843-26-005346 |
| 8-K Data (Synthetic) | 0001171843-26-005346 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 25, 2026 4w ago | 8-K | $44.43 $45.00 | ▲ +1.28% | ▲ +2.76% | $45.24 (+1.82%) |
Sep 25, 2026 4w ago | Press Release | $44.43 $45.00 | ▲ +1.28% | ▲ +2.76% | $45.24 (+1.82%) |
Aug 7, 2026 11w ago | 8-K | $48.22 $46.30 | ▼ −3.98% | ▼ −3.58% | $45.24 (−6.18%) |
Jul 23, 2026 13w ago | Press Release | $45.77 | awaiting T+20 | — | $45.24 (−1.16%) |
Jun 12, 2026 19w ago | Institutional Cluster | $46.80 $44.25 | ▼ −5.45% | ▼ −7.23% | $45.24 (−3.33%) |
May 29, 2026 21w ago | 8-K | $44.76 $45.80 | ▲ +2.32% | ▲ +4.12% | $45.24 (+1.07%) |
May 29, 2026 21w ago | Press Release | $44.76 $45.80 | ▲ +2.32% | ▲ +4.12% | $45.24 (+1.07%) |
May 8, 2026 24w ago | 8-K | $51.41 $44.84 | ▼ −12.78% | ▼ −12.80% | $45.24 (−12.00%) |
May 8, 2026 24w ago | Press Release | $51.41 $44.84 | ▼ −12.78% | ▼ −12.80% | $45.24 (−12.00%) |
Apr 24, 2026 26w ago | Press Release | $51.60 $42.93 | ▼ −16.80% | ▼ −20.83% | $45.24 (−12.33%) |
US Market Status
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