RACINE — Johnson Outdoors on Friday announced lesser revenue and profits during its first fiscal quarter which ended Dec. 27, compared with one year earlier, when it set sales and earnings records for that fiscal quarter.
The warm-weather outdoor recreation equipment designer and manufacturer reported sales of $79.1 million compared with $87.3 million a year earlier.
Johnson Outdoors also reported a net loss of $2.2 million, or 22 cents per diluted share, during the quarter compared with net income of $247,000, or 2 cents per diluted share, one year earlier.
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“The outdoor recreational industry is highly seasonal and heavily influenced by weather conditions,” Johnson Outdoors Chairman and CEO Helen Johnson-Leipold stated. “Last year, the first quarter benefited from unusually early new product shipments, particularly in marine electronics.”
But she said the early onset of harsh winter conditions during the first fiscal quarter shifted the timing of new product orders and shipments.
“As always, the battle for consumer discretionary dollars is fierce and challenging, but, at this time, we remain optimistic in our ability to deliver against our 2015 financial targets focused on growing profits faster than sales,” she stated.
Johnson Outdoors brands include Old Town canoes and kayaks, Ocean Kayak and Necky kayaks, Minn Kota motors, Cannon downriggers, Humminbird marine electronics, Scubapro and Subgear dive equipment, Jetboil outdoor cooking systems and Eureka camping and hiking equipment.