Johnson Outdoors Announces a More Focused Camping Business
RACINE, Wis., Oct. 19, 2023 (GLOBE NEWSWIRE) -- Johnson Outdoors Inc. (Nasdaq:JOUT), a leading global innovator of outdoor recreation equipment and technology, today announced that it is exiting its Eureka product lines.
- RACINE, Wis., Oct. 19, 2023 (GLOBE NEWSWIRE) -- Johnson Outdoors Inc. (Nasdaq:JOUT), a leading global innovator of outdoor recreation equipment and technology, today announced that it is exiting its Eureka product lines.
- The product lines will be available for sale as it winds down operations and plans on fulfilling all customer requirements through the end of 2024.
- “We expect this will negatively impact Company sales by less than 1 percent for fiscal 2024.
- Additionally, the company expects to take a charge of approximately $4 million in fiscal year 2023 related to this decision,” said David Johnson, Chief Financial Officer.