Johnson Outdoors' sales increased by 20 percent to $85.3 million for the three months up to Jan. 1, with a negative impact of 2 percentage points from exchange rate changes. The three months are the first quarter of Johnson Outdoors' fiscal year and a seasonally weak quarter. The company said its fishing, camping and water recreation divisions had strong momentum, while the diving business was still weighed down by market conditions. Jetboil's turnover advanced at a double-digit rate but that could not compensate for the decline in the group's tent sales. Johnson Outdoors reported an operating loss of $0.9 million for the quarter, but that was a strong improvement compared with a loss of $7.3 million for the same quarter the previous year, due to higher volumes and lower legal expenses. Johnson Outdoors ended the quarter with a net loss of $0.5 million, against a loss of $4.2 million.
Related articles
-
News briefsJack Wolfskin remains in turnaround mode
Topgolf Callaway is restructuring the outdoor brand’s cost base and product strategy, with improving sell-throughs and strong performance in China.
-
ArticleGiant Group's results still affected by high inventories
The Taiwanese group is facing a decline in sales and challenges in the market in the first three quarters despite strong growth in China and new indoor cycling ventures.
-
ArticleMerrell’s Q3 EMEA sales rise by mid-teens
Merrell’s Q3 sales rose 1.4% to $159.2m, driven by growth in the US and Asia. Parent Wolverine Worldwide eyes a strong 2025 launch for Merrell’s Speed Arc Collection.