Johnson Outdoors Inc. reported fiscal first quarter net income of $247,000, or 2 cents per share, which was an improvement over a net loss of $2.9 million, or 30 cents per share, in the same period a year ago.
The Racine-based company’s quarterly net sales grew to $87.3 million from $80.2 million a year earlier.
The company attributed the gains to higher sales in marine electronics and the addition of the Jetboil brand acquired on Nov. 14, 2012.
“Johnson Outdoors’ legacy of success is built on our unique value proposition: understanding our markets, consumers and recreational activities best, and then leveraging our deep insights, product expertise and know-how to deliver winning innovation to enhance and enrich the outdoor experience for outdoor enthusiasts. Future growth demands discipline and focus on what we know best, what we do best and doing it even better to deliver sustained ‘Value Plus’ for consumers, customers, employees and shareholders,” said Helen Johnson-Leipold, chairman and chief executive officer. “While it is too early to predict how the year will go, we are pleased by such a strong start as we ramp up for the primary selling period for our products over the next two quarters. The competition for consumer discretionary dollars is always tough, and we feel good about our position and ability to grow share across every segment.”
