Johnson Outdoors delivered another strong quarter thanks to robust sales of fishing, camping and watercraft recreational products. The management said the pandemic has resulted in increased consumer interest and participation in the great outdoors, which created a high demand for outdoor products during the last half of the prior fiscal year. In the first fiscal 2021 quarter, customers looked to replenish inventory levels in anticipation of the warm-weather recreation season. As a result, the group’s sales for the three months ended Jan. 1 was up by 29 percent from the year-ago quarter to $165.7 million.
The group’s gross margin expanded by 3.4 percentage points to 45.3 percent, on higher absorption of fixed costs due to increased sales volume and an improved product mix. Net income reached $19.8 million, versus $6.4 million in the previous year’s first quarter.
Led by Scubapro, the diving segment, which the group is trying to strengthen, saw sales decline by 14 percent to $14.1 million. This resulted in a $0.3 million operating loss compared with a $0.2 million profit last year. The management said travel restrictions limited accessibility to diving.
Revenues from the fishing segment soared by 28 percent to $127.0 million, and its operating income reached $27.7 million, compared with $15.0 million for the year-ago quarter. There was continued demand for new and legacy technologies in Minn Kota and Humminbird.
The camping division, which includes the Jetboil and Eureka brands, saw sales jump by 62.3 percent to $12.1 million. Here, the operating income was $2.8 million, compared with $66,000 for the same quarter last year.
Watercraft sales tripled to $12.4 million and operating earnings reached $1.1 million versus a loss of $1.5 million last year.
Looking ahead, the management has not provided guidance. Still, it said it would continue to manage risks associated with current global supply chain pressures and related logistics constraints caused by the pandemic.