The fishing and Watercraft divisions at global outdoor leisure products supplier, Johnson Outdoors, helped the group to another impressive set of figures.
This morning it reported a 29% increase in sales for the first quarter of the year ended January 1. Revenue for the period was $165.7m compared to $128.1m in the same comparable quarter last year.
“Strong demand in the company’s Fishing, Watercraft Recreation and Camping businesses delivered an unprecedented first fiscal quarter,” said Helen Johnson-Leipold, Chairman and CEO. “Indications are that people’s eagerness to get outdoors will continue through the season, but the COVID-19 pandemic still brings uncertainty. We are focused on working hard to keep pace with demand and leveraging our market-leading brands and innovation to maximise the heightened interest in outdoor recreation.”
Strong demand for new and core technologies across all fishing brands drove a 28% increase in revenue for the division, while Watercraft and camping sales also grew significantly across all product categories.
Total company operating profit came in at $23.6m for the first quarter compared to $6.8m in the same comparable period last year.
“Looking ahead, we will continue to manage the risks associated with current global supply chain pressures and related logistics constraints caused by the COVID-19 pandemic as we work to fill demand,” said David W. Johnson, Chief Financial Officer. “Furthermore, our debt-free balance sheet and healthy cash position provides a competitive advantage as we make smart investments to strengthen the business and drive value for shareholders for the long-term.’
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