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Johnson Outdoors posts Q2 results

Johnson Outdoors attributed double-digit increases in sales and earnings, which drove record results in the second fiscal quarter and half, to strength in the fishing category, the company’s largest and most profitable business.

Net sales jumped 11 percent to $165.8 million in the current fiscal second quarter, compared to $149.8 million in the prior year quarter, driven by continued strong positive momentum in the company’s fishing and diving groups.

Johnson Outdoors cited exceptional new product performance in its Minn Kota and Humminbird brands across all key channels, fueling a 19 percent increase fishing revenue.

"We continue to benefit from our dedicated focus on consumer-driven innovation that delivers bigger, better marketplace success, most notably in fishing, our largest and most profitable business,” said Johnson Outdoors chairman and CEO Helen Johnson-Leipold in a statement. “Only Johnson Outdoors can leverage the unique combination of groundbreaking technologies in our powerhouse Minn Kota and Humminbird brands to maximize the growth potential of our Fishing business.”

Diving showed mixed results across global markets resulting in a 7 percent uptick in revenue.

Watercraft Recreation sales were negatively impacted by a weakened market and retail consolidations.

Primary drivers of a decline in camping revenues were the divesture of the Silva brand and decreases in military tent revenue.

“At this time, excitement for our 2018 product line-up remains strong, giving us a great start to the year and positioning our brands for continued marketplace success,” Leipold said. “Ongoing investment against our three key strategic plan priorities — richer consumer insights, enhanced innovation processes and digital sophistication — are essential to ensure continued progress toward our goal of delivering accelerated sustained profitable growth.”



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