Johnson Outdoors revenues increase
RACINE, Wis — Johnson Outdoors Inc. (NASDAQ: JOUT), announced yesterday that net sales for the third quarter ended June 29, 2007 increased by 11 percent from $135.5 million the prior year quarter to $150.6 million.
Highlighting the increase were 23- and 5-percent increases in revenues for marine electronics and watercraft, respectively. The company attributes the increases to strong response to new products in the Minn Kota and Humminbird brands in the electronics division and the company’s paddle sport brands in the watercraft division.
“Market-winning innovation and strategic acquisitions continue to drive revenue growth that outpaces the industry,” said Helen Johnson-Leipold, Chairman and Chief Executive Officer, Johnson Outdoors Inc. “Investments to grow our brands and strengthen operations are dropping to the bottom line, with supply chain optimization and enhanced resource planning initiatives underway to help further improve efficiency and profitability.”
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