Johnson Outdoors Reports Strong Q1

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Johnson Outdoors said sales in nearly all of its business segments increased significantly in its first quarter, with net sales of $165.7 million, up 29 percent compared with the same quarter in the previous year.

Net income more than tripled to $19.8 million, compared with $6.4 million in the same period a year ago. Earnings per share were $1.96, up from 64 cents in the comparable quarter a year prior.

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Net sales in the fishing segment were up 28 percent, bolstered by sales of the company’s Humminbird fishfinders and Minn Kota trolling motors.

Johnson’s watercraft recreation segment, which includes the Old Town Canoe and Ocean Kayak brands, had a 158 percent increase in net sales to $12.4 million, up from $4.8 million. Camping sales were up 62 percent.

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As a result of significant travel restrictions, the company said, diving sales declined 14 percent year over year.

“Strong demand in the company’s fishing, camping and watercraft recreation businesses delivered an unprecedented first fiscal quarter,” chairman and CEO Helen Johnson-Leipold said in a statement. “Indications are that people’s eagerness to get outdoors will continue through the season, but the Covid-19 pandemic still brings uncertainty. We’re focused on working hard to keep pace with demand and leveraging our market-leading brands and innovation to maximize the heightened interest in outdoor recreation.”

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