Sales were off by 5.9 percent to $124.3 million for Johnson Outdoors in its second quarter, ended on March 28, as U.S. customers delayed purchases of fish finders, kayaks, diving computers, camping equipment and other outdoor products due to a long and cold winter season. Sales declined by 4.3 percent for Watercrafts and by 11.5 percent for Diving, but increased by 8.9 percent in Outdoor Gear, which recovered its profitability thanks to a tent order from the U.S. Military. Gross margins and operating margins fell by 1.7 and 2.9 percentage points, respectively, and the company ended up with a net profit of $7.9 million, down 16.9 percent from the year-ago period.

Topics