Johnson Outdoors 2025 Q4 Earnings Revenue Surges 28% Amid EPS Miss

Johnson Outdoors (JOUT) reported Q4 2025 earnings on Dec. 12, 2025, delivering a 28.2% revenue increase to $135.76 million but missing EPS estimates by $2.15. The company narrowed its net loss by 15.2% year-over-year and maintained a debt-free balance sheet with $176.4 million in cash.

Revenue

The Fishing segment drove growth with a 2% increase in annual revenue, bolstered by new product launches like Humminbird’s XPLORE and MEGA Live 2 fishfinders. However, the Camping & Watercraft segment declined 13% due to the exit of the Eureka! brand, while the Diving segment saw a 2% rise, supported by SCUBAPRO’s Hydros Pro 2 buoyancy control device.

Earnings/Net Income

Johnson Outdoors reported a Q4 loss of $2.83 per share, missing estimates by $2.15, yet improved its net loss by 15.2% to $29.05 million compared to $34.27 million in 2024 Q4. Despite the EPS miss, the narrowing loss reflects progress in cost savings and operational efficiencies.

Post-Earnings Price Action Review

The stock price fell 12.72% during the latest trading day but gained 2.66% for the week and 7.41% month-to-date. A strategy of buying shares post-revenue drop yielded poor returns: -26.77% total return, -9.93% CAGR, and a Sharpe ratio of -0.27, underscoring the stock’s volatility despite a 0.00% maximum drawdown.

CEO Commentary

CEO Helen Johnson-Leipold highlighted double-digit growth in the second half of 2025, driven by product innovation and e-commerce expansion. She acknowledged challenges in Camping and Watercraft but expressed optimism about market momentum, emphasizing cost savings and digital strategies for 2026.

Guidance

The company expects continued focus on gross margin improvements and cost savings, with an effective tax rate returning to mid- to high-20s in 2026. Management emphasized innovation and operational efficiency as key drivers for long-term success, though no specific revenue targets were provided.

Additional News

Johnson Outdoors announced a quarterly dividend of $0.33 per share, yielding 3.3%, and highlighted strong demand for new products like Jetboil’s cooking systems. The CEO also noted ongoing macroeconomic challenges but remains confident in the company’s ability to navigate uncertainties through digital expansion and cost discipline.

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