JOUT Q3 FY2026 gross margin boosted by ~$15M tariff refunds — mechanism, recurrence and true cost run-rate unclear
The ~$15M is confirmed as a one-time, substantially complete refund of IEEPA tariffs Johnson Outdoors paid on imports in fiscal 2025 and early 2026, obtained through CBP refund claims after the Supreme Court invalidated IEEPA tariffs (February 20, 2026). It is a reversal of costs already expensed or capitalized, not a change in product economics or demand.