RACINE - Johnson Outdoors inc. reported
Friday that its sales grew 7 percent in the second
quarter, but that they were negatively affected by
The Racine company is a leading outdoor
recreation equipment company.
“Topline performance is clearly
benefitting from the diversity of our portfolio, with
Minn Kota proving once again to be a formidable engine
of growth. Likewise, continued efforts to strengthen
performance in watercraft and consumer camping brands
are having a positive impact. At the same time, we are
working hard to address the complexity of challenges
facing Diving, our most global business, and expect
progress to occur over time. Our ongoing focus on
innovative new products provides our brands a distinct
advantage heading into the warm-weather season,” said
Helen Johnson-Leipold, chairman and CEO, in a statement.
Net sales were $133.1 million in the
second quarter, a 7 percent increase compared with
$124.3 million in the prior year fiscal quarter, driven
by revenue gains in three of the company’s business
units. Foreign currency translation had a 2 percent
negative impact on revenue. According to the
announcement, key drivers behind the year-over-year
comparison in each business unit were:
* Marine Electronics sales jumped 9
percent driven by strong growth in the Minn Kota brand.
* Watercraft sales rose 5 percent due to
favorable response to new products.
* Outdoor Gear revenue advanced 11
percent on the improved performance of consumer camping,
particularly the Jetboil brand.
* Diving revenue slipped 3 percent due to
unfavorable currency translation.
Total company operating profit was $7.6
million versus $11.5 million in the previous fiscal year
quarter, according to Johnson Outdoors.