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Johnson Outdoors Reports Strong Q1


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.


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.


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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1. 2023 new boat retail outlook

Too Many High-Priced Boats

To wrap up 2022, marine retailers reported lower demand, expressed more negative sentiment and voiced concerns about rising inventory. Boat prices and the economy remained top of mind for dealers in December.

Soundings Nov 2022

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As the gaudy sales figures from the pandemic continue to return to more realistic numbers, the main segments of the recreational boating industry saw new-model registrations of 4,421 in November, a 30.3% drop from 6,340 during the same time in 2021. .