Johnson Outdoors Inc. (NASDAQ:JOUT) reports 2Q18 earnings results; Topline up 11%

Johnson Outdoors Inc.

Johnson Outdoors Inc. (NASDAQ:JOUT) reported second quarter earnings before the bell today, that beat street view.

On a GAAP basis, JOUT reported net income of $ 21.62 million or $ 2.15 per share, compared with income of $ 13.96 million or $ 1.39 per share, a year ago period.

Headquartered in Racine, Wisconsin, JOUT recorded net sales that rose 11% to $ 165.78 million from $ 149.81 million in the same quarter last year.

Analysts polled by Thomson Reuters expected Johnson Outdoors Inc. to reveal income of $ 1.47 per share on revenue of $ 159.18 million for the second quarter.

Innovative core life-support products have also been key drivers behind SCUBAPRO® performance this year. On the flip side, the negative impact on distribution channels from tough market conditions in Watercraft Recreation and Camping underscores the critical importance and urgency of our digital transformation, said Helen Johnson-Leipold, Chairman and Chief Executive Officer.

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