Overview
- Johnson Outdoors reported fiscal second-quarter net sales of $194.5 million and earnings of $0.89 per share, topping Wall Street forecasts.
- Fishing led growth with revenue up 18 percent, while diving rose 9 percent and camping and watercraft increased 1 percent on stronger e-commerce and better retail conditions.
- Gross margin improved to 38.8 percent from 35.0 percent as operating income climbed to $10.3 million from $4.9 million a year earlier.
- Executives said higher costs and a modest inventory build are part of preparing for the peak selling season, with macro and supply-chain risks still on watch.
- Year to date, sales rose 21.5 percent to $335.4 million as cash and short-term investments reached $107.9 million following an April 30 dividend payment.