SGB Sportsmans

Johnson Outdoors’ Sales Impacted By Tent, Diving Declines

Johnson Outdoors Inc. reported lower sales and earnings for its fiscal third quarter, ended July 1, 2016, as double-digit profit growth for the company’s fishing and watercraft recreation businesses could not offset slumping tent sales at large retailers and a one-time, non-cash, goodwill impairment charge in its diving segment.