Johnson Outdoors Reports FY 2016 Q1 Loss/Share $(0.05); Revenue $85.3M

Johnson Outdoors Inc. JOUT today announced increased revenue and reduced operating loss during the Company's seasonally slow first fiscal quarter ended January 1, 2016 versus the prior year first quarter. "We are very pleased by our strong start to the fiscal year. Our fishing, camping and water recreation businesses are heading into the key selling period for our products during the next six months with strong, positive momentum. Diving continues to be weighed down by external market conditions, but will benefit from our ongoing efforts to strengthen performance over time. Continued investments in comprehensive consumer research, enhanced innovation and digital sophistication are essential to delivering accelerated growth and enhanced profitability for Johnson Outdoors long-term," said Helen Johnson-Leipold, Chairman and Chief Executive Officer.FIRST QUARTER RESULTSSales during the first fiscal quarter are typically the lowest of the year as the Company ramps up for the key selling period of warm-weather outdoor recreation products during the second and third fiscal quarters. Net sales grew 20 percent to $85.3 million compared to net sales of $70.8 million in the prior year quarter.  Foreign currency translation had See full press release