Johnson Outdoors Profit More Than Doubles in Q3

Johnson Outdoors reported Friday record-high earnings for fiscal Q3, driven by a favorable product mix and sales volume related operating efficiencies. Diluted earnings rose to a $1.65 from $0.68, exceeding the $1.03 estimate from two analysts polled by Capital IQ. Revenues rose year-over-year to $155.3 million from $139.3 million and exceeded the $149.3 million consensus. “Overall, we are well-positioned to end the year strong with solid momentum heading into the next fiscal year. Looking ahead, we expect to see Fishing grow at a more normalized rate,” CEO Helen Johnson-Leipold said. “We will continue to advance progress against our three key strategic plan priorities – richer consumer insights, enhanced innovation processes and digital sophistication – the cornerstones of a foundation for success in delivering accelerated, sustained profitable growth long-term.”

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