S ECOND Q UARTER R ESULTSSales during the second fiscal quarter reflect initial shipments to customers in advance of the primary retail selling period for the outdoor recreation industry's warm-weather products season. Net sales were $132.1 million in the second fiscal quarter compared with net sales of $128.7 million in the prior year quarter. Increased sales in Marine Electronics and Outdoor Gear more than offset revenue declines in other units. Key drivers behind the year-over-year comparison in each business unit were:
- Marine Electronics revenue increased 9 percent year-over-year due to growth in all brands from innovative new products.
- Outdoor Gear revenue increased 7 percent due to the acquisition of the Jetboil ® brand midway through the fiscal first quarter, which added $2.4 million to sales during the current quarter to more than offset a 42 percent decline in military sales.
- Watercraft sales compared unfavorably to the same period last year due to a continuing de-emphasis on low-margin product lines and lower sales in Europe.
- Diving sales were 6 percent behind the prior year due to weak economic conditions in key diving markets.