Vista Outdoor, Inc. again raised its full-year guidance after reporting earnings surged 104 percent in the third quarter ended December 26 on a 38 percent revenue gain. Results topped Wall Street’s consensus targets. Sales vaulted 60 percent in the Sporting Products segment and gained 17 percent in the Outdoor Products segment.
Vista Outdoor brands include Federal Premium, Camelbak, Giro, Bell, Camp Chef, Foresight Sports, CCI, Remington, Bushnell, and Bushnell Golf.
“Our record third-quarter results demonstrate that we’re successfully executing on our Value Creation strategy and reflect continued high consumer demand for our products,” said Chris Metz, CEO. “The power of our brands, combined with our continuous introduction of innovative new products, and lean cost structure has allowed us to offset cost increases through targeted pricing action while absorbing some costs through operational efficiencies to maintain profitable growth across our portfolio.”
To read more in-depth coverage on this story, please access the SGB Executive article here.
