Vista Outdoor, Inc. became the latest company in the active lifestyle space to reduce its guidance for its fiscal year due to the macroeconomic challenges with sales weakening in its Outdoor Products segment. Fiscal second-quarter results came in line with recently updated guidance.
Vista’s Outdoor Products businesses include CamelBak, Bell, Giro, Camp Chef, Bushnell, Bushnell Golf, Foresight Sports, Stone Glacier, and QuietKat as well as the recently-acquired Fox Racing and Simms Fishing brands. Vista’s Sporting Products segment includes Federal, Remington, CCI, Speer, and Hevi-Shot.
Second quarter sales increased $3 million to $782 million driven by acquisitions and direct-to-consumer sales which increased approximately 65 percent. This was partially offset by a low double-digit decline in organic sales
Fully diluted EPS was $1.62, down 31 percent, compared with $2.36 in the year-ago period. Adjusted EPS was $1.71, down 29 percent, compared with $2.41
For more details about Vista’s fiscal second quarter and 2023 outlook, check out the SGB Executive story here.
Photo courtesy Vista/Stone Glacier
