{"schema_version":"secwatch.filing_event.v1","accession":"0001171843-23-004949","form_type":"8-K","ticker":"JOUT","cik":"0000788329","company_name":"JOHNSON OUTDOORS INC","filed_at":"2023-08-03T23:59:59+00:00","discovered_at":"2026-05-14T18:03:36.651033+00:00","generated_at":"2026-06-12T10:16:19.274721+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Johnson Outdoors Q3 sales down 8%, but net income up to $14.8M on margin gains","bullets":["Total net sales of $187.0M vs $203.8M prior year; Fishing up 1%, Camping and Watercraft revenues declined sharply.","Operating profit fell to $17.4M from $23.8M; net income rose to $14.8M ($1.44 EPS) from $14.1M ($1.38 EPS).","Gross margin improved to 41.5% (prior 36.1%) due to price increases and lower freight and materials costs.","Cash and investments $163.3M, up $45.7M YoY; company remains debt-free.","Quarterly dividend approved; payable July 27, 2023 to shareholders of record July 13."],"urls":{"canonical":"https://secwatch.observer/filing/0001171843-23-004949","json":"https://secwatch.observer/filing/0001171843-23-004949.json","markdown":"https://secwatch.observer/filing/0001171843-23-004949.md","text":"https://secwatch.observer/filing/0001171843-23-004949.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/788329/000117184323004949/0001171843-23-004949-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/788329/000117184323004949/f8k_080223.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-12T10:16:19.274721+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"c8d97fdcabc84ee6492202cfffddf3db5641c46b","claim":"JOHNSON OUTDOORS INC reported third fiscal quarter ended June 30, 2023 results: revenue $187.0 million, net income $14.8 million, EPS $1.44 per diluted share.","evidence_excerpt":"Total Company net sales in the third quarter declined 8 percent to $187.0 million compared to $203.8 million in the prior year third fiscal quarter. Key contributing factors include: Fishing sales increased by approximately 1 percent, driven primarily by product price increases Diving sales remain flat over the prior year third quarter Camping revenue declined 50 percent or $11.8 million, of which $4.9 million was due to the sale of the Military and Commercial Tents product lines in the second quarter, and the remainder due to high retail inventories and a decline in consumer spending Watercraft Recreation revenue declined 28 percent, reflecting significant reductions in the overall market Profit before income taxes was $19.8 million in the current year quarter, compared to $19.2 million in the prior year third quarter. Operating profit was $17.4 million for the third fiscal quarter versus $23.8 million in the prior year third quarter. Gross margin increased to 41.5 percent, compared t","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/788329/000117184323004949/0001171843-23-004949-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"third fiscal quarter ended June 30, 2023"},{"label":"Revenue","value":"$187.0 million"},{"label":"Net income","value":"$14.8 million"},{"label":"EPS","value":"$1.44 per diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"f92f80bf9b221e317dfb4626402403c6da4f0e04","claim":"JOHNSON OUTDOORS INC reported fiscal 2023 year-to-date (first nine months) ended June 30, 2023 results: revenue $567.5 million, net income $35.5 million, EPS $3.47 per diluted share.","evidence_excerpt":"YEAR-TO-DATE RESULTS Fiscal 2023 year-to-date net sales were $567.5 million, a 4 percent increase over last year’s first fiscal nine month period. Profit before income taxes for the year-to-date period was $47.9 million versus $47.0 million in the first nine months of the prior year. Operating profit declined to $34.3 million compared to $53.0 million in prior fiscal year-to-date period. Gross margin improved to 38.0 percent in the first fiscal nine months versus 37.1 percent in the prior fiscal year-to-date period. Operating expenses were $181.4 million in the nine months ended June 30, 2023, an increase of $31.7 million from the prior year period, due to higher warranty expense, advertising and promotional spend, increased compensation costs, professional services and deferred compensation expense between periods. Interest income increased $2.5 million over the prior year-to-date period. Additionally, other income increased by $17.1 million helping to offset the decline in operating","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/788329/000117184323004949/0001171843-23-004949-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"fiscal 2023 year-to-date (first nine months) ended June 30, 2023"},{"label":"Revenue","value":"$567.5 million"},{"label":"Net income","value":"$35.5 million"},{"label":"EPS","value":"$3.47 per diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}