DJ Johnson Outdoors 1Q Profit More Than Triples as Pandemic Boosts Demand
By Maitane Sardon
Johnson Outdoors Inc. on Friday posted an increase in first-quarter profit and sales as the Covid-19 pandemic boosted demand for outdoor recreation products.
The Racine, Wisc.-based outdoor-products maker reported a net income of $19.8 million compared with $6.4 million in the same period a year ago. Earnings per share were $1.96, up from 64 cents in the comparable quarter last year.
Sales rose 29% to $165.7 million from $128.1 million in the year-ago period.
Johnson Outdoors said the results reflect a strong demand in the company's fishing, camping and watercraft recreation businesses and added that its diving business continues to be impacted by travel restrictions.
"Indications are that people's eagerness to get outdoors will continue through the season, but the Covid-19 pandemic still brings uncertainty," said Chairman and Chief Executive Officer Helen Johnson-Leipold.
Write to Maitane Sardon at firstname.lastname@example.org
(END) Dow Jones Newswires
February 05, 2021 06:25 ET (11:25 GMT)
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