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Article Date: February 2023
Word Count: 162

Johnson Outdoors’ Profits Hurt by Rising Costs


Net income was nearly halved to $5,879,000 from $10,856,000 in the first fiscal quarter ending Dec. 30, despite 16% higher revenues of $178,337,000 against $153,524,000 powered by growth in fishing and diving. Fishing sales jumped 27% to $138.0 million and generated the bulk of the profits, with operating income off 4% to $15.6 million, as product supply and component availability has greatly improved. Diving was also a bright spot as destination travel ramps back up, growing 16% to $19.1 million and ... Log in to view full article.

 


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