Johnson Outdoors reports Q3 results

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JOHNSONOUTDOORS

Johnson Outdoors today reported sales of $176.3 million for its third quarter, ended June 28, a 3 percent gain over the same period a year ago. Net income in the fiscal third quarter was $22.1 million compared to $23.8 million a year ago.

Five percent growth in its Fishing division pushed up Q3 sales. The company said its Minn Kota trolling motor brand and Humminbird electronics contributed to the sales increase.

“Outstanding new-product success over the past three years continues to power growth in Fishing,” said Helen Johnson-Leipold, chairman and CEO, in a statement. “At the same time, work continues to strengthen performance in Diving. Camping and Watercraft Recreation are transitioning product lines to capitalize on marketplace evolutions. We feel good about where we are headed.”

The company reported decreased sales in its Watercraft Recreation division. It said the lower sales reflected “ongoing weakness in paddle-boat markets.”

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