Johnson Outdoors Q2 Profit Down - Quick Facts

(RTTNews) - Johnson Outdoors Inc. (JOUT), a leading outdoor recreation equipment company, said that its net income for the second quarter was $7.4 million or $0.67 per share, down from $8.9 million or $0.90 per share, reported in the previous year second quarter.

Net sales for the quarter were $124.3 million, a 6 percent decline from last year's $132.1 million, primarily due to prolonged harsh winter weather during the period. Record-high revenue during the prior year second quarter also contributed to unfavorable year-over-year comparisons. Lower operating expenses were unable to offset the volume-related impact on operating profit.

"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. 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," said Helen Johnson-Leipold, Chairman & CEO.