Home Industries Brutal winter dings Johnson Outdoors

Brutal winter dings Johnson Outdoors

Racine-based Johnson Outdoors Inc. today reported fiscal second quarter net income of $7.4 million, or 67 cents per share, down from $8.9 million, or 90 cents per share, in the second quarter of 2013.

 
Revenue was $124.3 million, down from $132.1 million a year ago.

The company, which makes outdoor recreation equipment, attributed the decreases to prolonged harsh winter weather during the quarter. Last year’s second quarter was also a record period, which contributed to the unfavorable comparisons.

“Unpredictable weather conditions are always challenging for the highly seasonal outdoor recreational industry, and this year’s unusually long and frigid winter has shifted the pacing of customer orders to more closely align with the retail-selling period of our products during the spring and summer months,” said Helen Johnson-Leipold, chairman and chief executive officer. “On a positive note, we ended this quarter with strong marketplace demand for our new products. However, given the very late start to the season, it is difficult to forecast full-year performance at this time.”

Racine-based Johnson Outdoors Inc. today reported fiscal second quarter net income of $7.4 million, or 67 cents per share, down from $8.9 million, or 90 cents per share, in the second quarter of 2013.

 
Revenue was $124.3 million, down from $132.1 million a year ago.

The company, which makes outdoor recreation equipment, attributed the decreases to prolonged harsh winter weather during the quarter. Last year’s second quarter was also a record period, which contributed to the unfavorable comparisons.

"Unpredictable weather conditions are always challenging for the highly seasonal outdoor recreational industry, and this year's unusually long and frigid winter has shifted the pacing of customer orders to more closely align with the retail-selling period of our products during the spring and summer months,” said Helen Johnson-Leipold, chairman and chief executive officer. “On a positive note, we ended this quarter with strong marketplace demand for our new products. However, given the very late start to the season, it is difficult to forecast full-year performance at this time.”

BIZEXPO | EARLY BIRD PRICING | REGISTER BY MAY 10TH AND SAVE

Stay up-to-date with our free email newsletter

Keep up with the issues, companies and people that matter most to business in the Milwaukee metro area.

By subscribing you agree to our privacy policy.

No, thank you.
Exit mobile version