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Johnson Outdoors (JOUT) Q3 FY26 earnings results (third quarter fiscal 2026)
10-Q filed Aug 7, 2026
Johnson Outdoors (JOUT) reported revenue of $190M for the third quarter fiscal 2026 (Q3 FY26), +5% from a year earlier and -2% from the quarter before. Operating margin was 9.7%, net earnings $14.9M (7.9% of revenue).
Johnson Outdoors, Q3 FY26: revenue $190M (+5% year over year), operating margin 9.7%, net earnings $14.9M, operating cash flow $77.7M. The chart follows the revenue to costs, profit and cash.
| Q3 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $190M | -2% | +5% |
| Gross profit | $85.9M | +14% | +27% |
| Operating profit | $18.3M | +77% | +150% |
| Net earnings | $14.9M | +59% | +93% |
| Operating cash flow | $77.7M | — | +9% |
| Free cash flow | $71.8M | — | +7% |
What changed
Revenue was $189.7M in Q3 FY26, up 5% year over year and down 2% from the previous quarter. Fishing was the largest line at 79% of revenue. Fishing added $9.3M year over year (up 7%), 102% of the total change. Camping & Watercraft Recreation declined 13%.
Gross margin was 45.3%, up 7.7 points from Q3 FY25. Operating profit was $18.3M, a 9.7% margin (up 5.6 points year over year). Of the extra revenue versus Q3 FY25, 121% reached operating profit, above the 4% margin then. Operating expenses grew 12% against revenue growth of 5%. The fastest-growing cost line was Research & development (+14%). Net earnings were $14.9M, up 93% year over year. The effective tax rate was 35.8%. Non-operating items added $4.9M, 21% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $77.7M (up 9% year over year), 520% of net earnings. Non-cash charges added back $4.9M of depreciation and amortization and $1.0M of share-based compensation. Working capital and other items added $56.9M. Capital expenditures of $5.9M left free cash flow of $71.8M.
Questions
What was Johnson Outdoors' revenue in the third quarter fiscal 2026?
Johnson Outdoors (JOUT) reported revenue of $190M for the third quarter fiscal 2026 (Q3 FY26), +5% from a year earlier and -2% from the quarter before.
Was Johnson Outdoors profitable in the third quarter fiscal 2026?
Operating profit was $18.3M (9.7% of revenue) and net earnings $14.9M.
Source: Johnson Outdoors 10-Q on SEC EDGAR.