News

Outdoor recreation equipment giant Johnson Outdoors has the growth of the camping industry to thank for a large portion of the increased sales and earnings it has reported in its third fiscal quarter results. The American company, which owns camping brands Eureka and Jetboil, reported that its net sales surged 54 per cent to $213.6 million in the third quarter. Within those results the revenue from those camping brands grew by 84 per cent, which was way ahead of its brands in the fishing tackle and watercraft sectors. 

Helen Johnson-Leipold, chairman and CEO of Johnson Outdoors, said: “Strong demand delivered another quarter of unprecedented results. Momentum in fishing, camping and watercraft recreation continued, and as pandemic-related travel restrictions are being lifted, our work to strengthen the SCUBAPRO® brand has been paying off as diving begins to recover. Looking ahead, we’re focused on continuing to keep pace with demand and position Johnson Outdoors for marketplace success.”

The company’s fiscal 2021 year-to-date net sales were $585.4 million, a 36 per cent increase over last year’s first fiscal nine-month period. Gross margin improved to 45.4 per cent in the first fiscal nine months versus 44.5 per cent in the prior fiscal year-to-date period.

David W. Johnson, chief financial officer for the company, added: “At this time, our focus is to manage dynamic supply chain issues caused by the COVID-19 pandemic in order to meet strong demand heading into the end of the fiscal year. Our balance sheet and healthy cash position continue to enable us to invest in strategic opportunities to strengthen the business, while consistently paying dividends to shareholders.”