Johnson Outdoors Inc.
(NASDAQ:JOUT) stock traded higher on Friday after the company posted fiscal third-quarter earnings and revenue above analyst estimates, aided by a one-time tariff refund that management said is not expected to provide a similar boost going forward.
Tariff Refund Benefit Unlikely To Repeat During the earnings call, Johnson Outdoors cautioned that the tariff-related benefit that boosted third-quarter results is unlikely to continue.
CFO Asad Rahman said the company does not expect additional meaningful tariff refunds and noted that, excluding the approximately $15 million refund received during the quarter, gross margin would have been modestly lower due to higher raw material costs.
He added that the company remains vigilant as the tariff landscape continues to evolve.
