$JOUT

JOHNSON OUTDOORS INC

CIK:0000788329|SEC Filings

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Jul. 03, 2026	Jun. 27, 2025	Jul. 03, 2026	Jun. 27, 2025
Net sales	$ 189,731	$ 180,655	$ 525,146	$ 456,653
Cost of sales	103,796	112,728	312,113	297,677
Gross profit	85,935	67,927	213,033	158,976
Operating expenses:
Marketing and selling	41,811	37,553	118,582	102,581
Administrative management, finance and information systems	17,098	15,423	43,559	41,134
Research and development	8,683	7,621	25,112	23,269
Total operating expenses	67,592	60,597	187,253	166,984
Operating income (loss)	18,343	7,330	25,780	(8,008)
Interest income	(1,199)	(927)	(3,151)	(2,585)
Interest expense	50	49	155	164
Other expense (income), net	(3,778)	(2,292)	(3,446)	(1,318)
Income (loss) before income taxes	23,270	10,500	32,222	(4,269)
Income tax expense	8,322	2,758	11,165	975
Net income (loss)	$ 14,948	$ 7,742	$ 21,057	$ (5,244)
Weighted average common shares - Basic:
Participating securities (in shares)	70	19	61	20
Weighted average common shares - Dilutive (in shares)	10,388	10,293	10,360	10,280
Class A
Weighted average common shares - Basic:
Weighted average common shares - basic (in shares)	9,112	9,066	9,093	9,052
Net income (loss) per common share - Basic:
Net income (loss) per common share - basic (in USD per share)	$ 1.44	$ 0.75	$ 2.04	$ (0.52)
Net income (loss) per common share - Diluted:
Net income (loss) per common share - diluted (in USD per share)	$ 1.42	$ 0.75	$ 2.00	$ (0.52)
Class B
Weighted average common shares - Basic:
Weighted average common shares - basic (in shares)	1,206	1,208	1,206	1,208
Net income (loss) per common share - Basic:
Net income (loss) per common share - basic (in USD per share)	$ 1.31	$ 0.72	$ 1.85	$ (0.52)
Net income (loss) per common share - Diluted:
Net income (loss) per common share - diluted (in USD per share)	$ 1.42	$ 0.75	$ 2.00	$ (0.52)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	9 Months Ended
	Jul. 03, 2026	Jun. 27, 2025
CASH PROVIDED BY OPERATING ACTIVITIES
Net income (loss)	$ 21,057	$ (5,244)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation	14,545	14,872
Amortization of intangible assets	470	427
Amortization of deferred financing costs	51	55
Stock based compensation	2,709	973
Loss on disposal of productive assets	133	80
Deferred income taxes	2,079	(1,711)
Change in operating assets and liabilities:
Accounts receivable, net	(26,130)	(40,761)
Inventories, net	(17,847)	48,928
Accounts payable and accrued liabilities	26,864	12,728
Other current assets	3,215	2,986
Other non-current assets	(275)	(23)
Other long-term liabilities	282	(1,072)
Other, net	(159)	572
CASH PROVIDED BY OPERATING ACTIVITIES	26,994	32,810
CASH USED FOR INVESTING ACTIVITIES
Payments for purchase of businesses	0	(12,197)
Proceeds from maturity of short-term investments	0	14,021
Proceeds from sale of productive assets	21	0
Capital expenditures	(16,350)	(11,826)
CASH USED FOR INVESTING ACTIVITIES	(16,329)	(10,002)
CASH USED FOR FINANCING ACTIVITIES
Common stock transactions	0	121
Debt issuance costs paid	0	(55)
Dividends paid	(10,232)	(10,120)
Purchases of treasury stock	(85)	(88)
CASH USED FOR FINANCING ACTIVITIES	(10,317)	(10,142)
Effect of foreign currency rate changes on cash	(1,502)	527
(Decrease) Increase in cash and cash equivalents	(1,154)	13,193
CASH AND CASH EQUIVALENTS
Beginning of period	176,399	145,498
End of period	175,245	158,691
Supplemental Disclosure:
Cash paid for taxes	2,093	2,020
Accrued dividends	34	23
Cash paid for interest	94	121
Non-cash treasury stock activity	$ 85	$ 187

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jul. 03, 2026	Oct. 03, 2025	Jun. 27, 2025
Current assets:
Cash and cash equivalents	$ 175,245	$ 176,399	$ 158,691
Short term investments	0	0	2,331
Accounts receivable, net	76,414	50,454	81,993
Inventories	188,263	170,726	163,732
Other current assets	7,979	11,209	13,326
Total current assets	447,901	408,788	420,073
Property, plant and equipment, net of accumulated depreciation of $221,822, $210,262 and $205,136, respectively	95,919	93,744	94,335
Right of use assets	49,485	46,570	45,038
Deferred income taxes	1,020	3,074	25,360
Goodwill	11,048	10,456	10,162
Other intangible assets, net	9,068	9,529	9,635
Deferred compensation plan assets	32,450	30,681	28,617
Other assets	1,479	1,261	1,253
Total assets	648,370	604,103	634,473
Current liabilities:
Accounts payable	53,192	40,085	43,478
Current lease liability	9,408	8,260	7,793
Accrued liabilities:
Salaries, wages and benefits	24,772	20,649	16,999
Accrued warranty	15,269	12,149	12,443
Income taxes payable	5,230	1,757	1,676
Accrued discounts and returns	9,350	7,063	8,452
Accrued customer programs	4,597	4,373	4,941
Other	11,135	10,304	9,780
Total current liabilities	132,953	104,640	105,562
Non-current lease liability	42,219	40,424	39,137
Deferred income taxes	2,039	2,061	2,025
Retirement benefits	1,718	1,706	1,682
Deferred compensation liability	32,476	30,681	28,618
Other liabilities	6,330	6,172	6,985
Total liabilities	217,735	185,684	184,009
Common stock:
Capital in excess of par value	94,571	91,867	91,422
Retained earnings	332,559	321,768	354,205
Accumulated other comprehensive income	6,090	7,289	7,386
Treasury stock at cost, shares of Class A common stock: 50,327, 48,259 and 48,775, respectively	(3,111)	(3,026)	(3,070)
Total shareholders’ equity	430,635	418,419	450,464
Total liabilities and shareholders’ equity	648,370	604,103	634,473
Class A
Common stock:
Shares issued and outstanding	465	460	460
Class B
Common stock:
Shares issued and outstanding	$ 61	$ 61	$ 61