Magnons in ferromagnets behave as a viscous fluid over a length scale, the momentum-relaxation length, below which momentum-conserving scattering processes dominate. We show theoretically that in this hydrodynamic regime viscous effects lead to a sign change in the magnon chemical potential, which can be detected as a sign change in the nonlocal resistance measured in spin transport experiments. This sign change is observable when the injector-detector distance becomes comparable to the momentum-relaxation length. Taking into account momentum- A nd spin-relaxation processes, we consider the quasiconservation laws for momentum and spin in a magnon fluid. The resulting equations are solved for nonlocal spin transport devices in which spin is injected and detected via metallic leads. Because of the finite viscosity we also find a backflow of magnons close to the injector lead. Our work shows that nonlocal magnon spin transport devices are an attractive platform to develop and study magnon-fluid dynamics.