Johnson Outdoors (JOUT) investor relations material

Executive summary

• Net sales rose 31% year-over-year to $140.9 million in Q1 2026, driven by market stabilization and strong new product reception.

• Achieved double-digit revenue growth and significant improvement in operating loss versus the prior-year quarter.

• Net loss improved to $(3.3) million, or $(0.33) per diluted share, compared to $(15.3) million, or $(1.49) per diluted share, in the prior year.

• Strategic focus remains on innovation, digital/e-commerce expansion, and cost efficiency.

Financial highlights

• Gross margin increased to 36.6%, up 6.7 points year-over-year, mainly due to higher volumes, improved overhead absorption, and cost savings.

• Loss before income taxes was $1.3 million, a substantial improvement from $18.9 million loss in the prior-year quarter.

• Operating expenses increased by $2.1 million, primarily from higher sales volume-related costs.

• Inventory balance at quarter-end was $183.9 million, down $17.7 million year-over-year.

• Cash and short-term investments totaled $130.7 million at quarter end, up from $101.6 million a year ago.

Outlook and guidance

• Management expects to continue strategic cost management while maintaining investments in innovation and digital commerce.

• Priorities include innovation, digital growth, and cost efficiency, with ongoing cost savings initiatives amid supply chain volatility.

• Focus remains on operational efficiency and inventory reduction to support margin improvement.

• Tax rate expected to remain volatile due to U.S. valuation allowance and geographic profit mix.