Johnson Outdoors Says It Is Exiting Its Eureka Product Lines; Expect This To Negatively Impact Company Sales By Less Than 1% For FY24
Portfolio Pulse from Benzinga Newsdesk
Johnson Outdoors announced its decision to exit its Eureka product lines, which is expected to negatively impact the company's sales by less than 1% for FY24. The company also expects to take a charge of approximately $4 million in fiscal year 2023 related to this decision.
October 19, 2023 | 10:02 am
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Johnson Outdoors' decision to exit its Eureka product lines is expected to negatively impact its sales by less than 1% for FY24 and result in a $4 million charge in FY23.
The decision to exit the Eureka product lines will result in a decrease in sales for Johnson Outdoors, although the impact is expected to be less than 1% for FY24. Additionally, the company will take a $4 million charge in FY23 related to this decision, which could negatively impact its financial performance.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100