Johnson Outdoors Fiscal Q3 2026 Earnings: Tariff Refunds Drive Margin Expansion

Johnson Outdoors’ fiscal Q3 2026 net sales rose 5% to $189.7 million, while diluted EPS increased to $1.42 from $0.75. Gross margin expanded to 45.3% from 37.6%, helped by approximately $15 million of tariff refunds, and net income reached $14.9 million. Fishing and Diving sales grew, but Camping & Watercraft Recreation revenue fell 13% amid weak market conditions. Operating expenses also increased by $7.0 million, leaving investors to assess the durability of margins as tariff policy, inflation, costs, and inventory levels evolve.