Johnson Outdoors Inc. reported fiscal fourth‑quarter 2025 revenue of $135.8 million, up $29.9 million (≈ 22 %) from the same period a year earlier and exceeding the consensus estimate of $117.24 million by $18.56 million, a 15.9 % beat. The lift was driven by stronger demand in the Fishing and Diving segments, while the Camping and Watercraft Recreation segments contracted by 13 % after the company exited the Eureka! brand.
The company’s operating loss narrowed to $8.2 million from a $42.8 million loss a year earlier. The improvement was largely due to higher sales volumes, lower promotional pricing, better overhead absorption, and a reduction in inventory reserves. Gross margin expanded, reflecting more efficient cost management and a favorable product mix.
Net loss for the quarter was $29.1 million, down from $34.3 million YoY. GAAP earnings per share were $‑2.83, missing the consensus estimate of $‑0.68 by $2.15, largely because of higher inventory write‑downs and one‑time charges. Non‑GAAP EPS of $‑0.31 beat the estimate of $‑0.69 by $0.38, underscoring the impact of the one‑time items on the GAAP figure.
The board declared a quarterly dividend of $0.33 per share, payable on October 24, 2025. This is the first dividend since the company’s debt‑free turnaround and signals confidence in its cash‑flow generation.
CEO Helen Johnson‑Leipold highlighted that new product successes drove momentum in the second half of the year and that the company remains focused on innovation, operational efficiencies, and e‑commerce. CFO David Johnson noted that, despite an operating loss for the year, the company generated positive cash flow from operations by reducing inventory levels and maintaining a debt‑free balance sheet.
The market reacted positively to the earnings, with analysts noting the revenue beat, margin improvement, and the company’s continued focus on growth initiatives.
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