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Johnson Outdoors Inc.
5/8/2026
Hello, everyone, and welcome to the Johnson Outdoors second quarter 2026 earnings conference call. Today's call will be led by Helen Johnson-Leopold, Johnson Outdoors chairman and chief executive officer. Also on the call is David Johnson, chief financial officer. Prior to the question and answer session, all participants will be placed in a listen-only mode. After the prepared remarks, the question and answer session will begin. If you would like to ask a question during that time, please press star then the number 11 on your telephone keypad. This call is being recorded. Your participation implies consent to our recording this call. If you do not agree to these terms, simply drop off the line. I would now like to turn the call over to Allison Kitzero from Johnson Outdoors. Please go ahead, Ms. Kitzero.
Good morning, and thank you for joining us for our discussion of Johnson Outdoors results for the 2026 fiscal second quarter. If you need a copy of today's news release, it is available on our website at www.johnsonoutdoors.com under Investor Relations. I also need to remind you that this conference call may contain forward-looking statements. These statements are made on the basis of our current views and assumptions and are not guarantees of future performance. Actual events may differ materially from those statements due to a number of factors, many beyond Johnson Outdoors control. These risks and uncertainties include those listed in our press release and filings with the Securities and Exchange Commission. If you have any additional questions following the call, please contact Dave Johnson or Pat Tenman. It is now my pleasure to turn the call over to Helen Johnson Leopold.
Thanks, Alison. Good morning, everyone. I'll begin by sharing perspective on our second quarter and year-to-date results, as well as give an update on each business. Dave will review the financial highlights, and then we'll take your questions. Improved retail conditions and ongoing success of our product innovation helped drive a 15.5% revenue growth in the second quarter, with all business segments contributing to the improvement. Operating income for the second quarter was much improved versus the prior year second quarter due to the increased sales volume and our cost savings initiatives continuing to boost profitability as well. Year-to-date, our net sales are 21.5% higher than last year's fiscal six-month period, with operating income and gross margin also up for the fiscal year-to-date period. We are pleased with our second quarter and year-to-date results and are particularly proud of our market-leading brands, which continue to resonate with consumers and reinforce our leadership positions across our portfolio. Our fishing business delivered strong results in the second quarter, driven by improved trade conditions, continued robust demand for Hummingbird's Explore series, and Megalod 2 fish finders and Minn Kota's full lineup of trolling motors, as well as pricing actions. These factors combine to reinforce our momentum and position in the marketplace. We remain focused on investing in innovation to deliver fishing technology that sets the standard for anglers worldwide. In camping and watercraft, growth during the quarter was supported by our expanding digital and e-commerce capabilities, with Old Town and Jetboil maintaining their leadership positions in competitive categories. During the quarter, Jeff Boyle also launched Trail Cook, a new innovation designed to expand the brand beyond boiling water into broader backcountry cooking. In both brands, we will continue to build on our strengths to drive sustained growth through innovation and deeper engagement with outdoor enthusiasts. Lastly, in our diving business, improved conditions across the global markets and continued growth in e-commerce helped drive a solid increase in second quarter sales. Digital engagement continues to play an increasingly important role, enhancing connectivity between our ScubaPro brand, retail partners, and consumers. As we continue to lean into digital channels and strengthen our global footprint, we are optimistic about ScubaPro's ability to grow and further reinforce its position in the market. Overall, we are pleased with the quarter and year-to-date results by investing in and executing our strategic priorities consumer-driven innovation, digital and e-commerce excellence, and operational efficiencies, we are strengthening our market position and taking the right steps to navigate macroeconomic uncertainty while building long-term resistance. Now I'll turn the call over to Dave for more details on the financials.
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