Company: JOUT
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001140361-25-028318
Chunk: 44

Company: JOHNSON OUTDOORS INC
Filing Date: 2025-08-01
Form: 10-Q
Item: Item 2
Chunk 44
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 quarter.  

As of December 27, 2024, and as referenced in “Note 16 – Segments of Business” of the notes to the accompanying Condensed Consolidated Financial Statements, the Company has combined the previously reported "Camping" and "Watercraft Recreation" segments into one segment, referred to as "Camping & Watercraft Recreation." 

During the first quarter of fiscal 2025, the Company's Diving segment completed an acquisition of a scuba equipment manufacturer for $12,197, which is expected to provide new innovative products, unlock synergies and enhance operating efficiencies for this segment.  See “Note 18 – Acquisitions” of the notes to the accompanying Condensed Consolidated Financial Statements for additional information.  

Seasonality

The Company’s business is seasonal in nature. The third fiscal quarter traditionally falls within the Company’s primary selling season for its warm-weather outdoor recreation products.  The table below sets forth a historical view of the Company’s seasonality during the last three fiscal years.   

 Fiscal Year 202420232022Quarter EndedNetSalesOperatingLossNetSalesOperatingProfit (Loss)NetSalesOperatingProfitDecember23 %— %27 %47 %21 %21 %March30 %1 %30 %97 %26 %23 %June29 %1 %28 %149 %27 %36 %September18 %98 %15 %(193)%26 %20 % 100 %100 %100 %100 %100 %100 %

Results of Operations

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IndexJOHNSON OUTDOORS INC.

The Company’s net sales and operating profit (loss) by business segment for the periods shown below were as follows:

 Three Months EndedNine Months Ended June 27, 2025June 28, 2024June 27, 2025June 28, 2024Net sales:  Fishing$140,679 $130,537 $358,042 $379,637 Camping & Watercraft Recreation18,908 21,997 46,211 52,971 Diving21,201 19,861 52,705 54,263 Other / Corporate / Eliminations(133)77 (305)101 Total$180,655 $172,472 $456,653 $486,972