Johnson Outdoors reports a 5.9 percent sales increase to $112.9 million for the second quarter ended April 2 as the big season for kayaks, canoes, tents, fish finders and other outdoor gear was in full swing. It also benefited from 2.9 percent in positive currency effects. Net income skyrocketed by 148 percent to $6.2 million, and operating profit was $8.1 million compared with $5.8 million for the same period of 2009. The gross profit margin rose by 2.7 percentage points to 40.2 percent. Sales of outdoor equipment leapt by 62.1 percent, with consumer camping revenues growing by 42.7 percent and military sales more than doubling. For the full year, Johnson expects military sales to be $15-20 million. Interest expense for the quarter fell by 54 percent. For the first six months of the year, sales rose by 4.0 percent to $183.4 million. Net income was $1.9 million, a vast improvement over the loss of $4.4 million in 2009. The company’s debt level at the end of the second quarter was $74.0 million, up from $65.3 million last year.
