Johnson Outdoors Q3 revenue rises 5% on fishing, diving growth
JOUT•Outlook remains cautious
- Company says macroeconomic conditions remain uncertain, with a cautious outlook on costs and tariffs
Key quarterly figures and valuation
| Metric | Beat/Miss | Actual | Consensus Estimate |
|---|---|---|---|
| Q3 Sales | Beat | $189.73 mln | $186.19 mln (1 Analyst) |
| Q3 EPS | $1.42 | ||
| Q3 Net Income | $14.95 mln | ||
| Q3 Gross Profit | $85.94 mln | ||
| Q3 Operating Income | $18.34 mln | ||
| Q3 Pretax Profit | $23.30 mln |
Wall Street's median 12-month price target for Johnson Outdoors Inc is $55.00, about 15.7% above its August 6 closing price of $47.55. The stock recently traded at 25 times the next 12-month earnings vs. a P/E of 28 three months ago.
Revenue drivers and segment performance
- Fishing and diving growth - Co said higher sales in Fishing, driven by Minn Kota and pricing actions, and in Diving, led by strong sales in regulators and buoyancy compensator devices, contributed to revenue growth
- Tariff refunds - Gross margin improvement was helped by about $15 mln in tariff refunds received in the quarter
- Camping & Watercraft weakness - Camping & Watercraft Recreation sales declined 13%, primarily due to weak marketplace conditions in these segments
