Fishing is outstanding Johnson Outdoors Q2 performer

Fishing was the outstanding performer for Johnson Outdoors as the company reported an overall year-on-year sales increase of 7% for its second quarter.

Improved product availability in fishing, supported by continued momentum in diving, offset a post-pandemic slowdown in camping and watercraft, said Chairman and CEO, Helen Johnson-Leipold.

Fishing segment sales, which include Minn Kota, Humminbird and Cannon, increased by 20% to $155.3 million. “Supply and component availability significantly improved, allowing us to fill more customer orders,” added Johnson-Leipold. “Near-term customer demand continues to be solid.”

Overall operating profit declined by 26%, from $15.4 million in the same quarter last year to $11.4 million this year. Net income for the quarter improved from $9.9 million to $14.9 million, boosted by the sale of the Military and Commercial Tents business. 

Revenue from Johnson’s watercraft segment, which includes Old Town Canoes and Kayaks, dropped a whopping 44% to $12.9 million, while camping revenue fell 28% to £13.7 million. Both markets have been hit by a post-pandemic slowdown, said Johnson-Leipold.