Johnson Outdoors reported record sales for its second quarter, up 11% to US$165.8m compared to the same period a year ago. Net income was US$21.6m compared to US$13.9m a year ago.
Sales in the company’s Fishing division were up 19% to US$125.5m for the quarter, driven by new products in its Minn Kota and Humminbird brands. Watercraft Recreation sales were “negatively impacted by a weakened market and retail consolidations,” said a statement, falling to US$10.8m from US$15.1m a year ago. Its Diving division saw a 7% gain in sales to US$19.4m.
"We continue to benefit from consumer-driven innovation that delivers bigger, better marketplace success, most notably in Fishing, our largest and most profitable business,” said Helen Johnson-Leipold, chairman and chief executive officer, in the statement. “On the flip side, the negative impact on distribution channels from tough market conditions in Watercraft Recreation and Camping underscores the critical importance and urgency of our digital transformation.”
Johnson-Leipold said that three strategic priorities, “richer consumer insights, enhanced innovation processes and digital sophistication” would be “essential” to driving higher profits.