Vista Outdoor is reaffirming its guidance for Fiscal Year 2025 for Vista Outdoor, The Kinetic Group and Revelyst.

The company expects the following results for Fiscal Year 2025 ended March 31, 2025, among other guidance previously disclosed:

  • Sales in the range of $2.665 billion to $2.775 billion;
  • The Kinetic Group sales to be approximately $1.425 billion to $1.475 billion;
  • Revelyst sales to be approximately $1.240 billion to $1.300 billion;
  • Adjusted EBITDA in the range of $410 million to $490 million;
  • The Kinetic Group’s adjusted EBITDA to be approximately $350 million to $400 million; and
  • Revelyst adjusted EBITDA expected to be approximately $130 million to $160 million

Vista Outdoor expects that Revelyst will pursue a 12-month $50 million share repurchase program following the closing of the CSG Transaction, subject to approval by the Revelyst Board of Directors.

“Our balance sheet remains strong, with our net debt decreasing by $81 million during the quarter to $579 million,” said Andrew Keegan, CFO of Vista Outdoor. “At Revelyst, we have been sharply focused on reducing inventory levels, and I am pleased with the progress our team has made, which has resulted in an approximately $100 million inventory reduction from the year prior and nearly $10 million sequentially from the prior quarter. These efforts continue to drive down our debt levels and contribute to maintaining our healthy balance sheet. At The Kinetic Group, the team remains steadfast on achieving our financial expectations while continuing to face competitive pricing and input cost headwinds, especially for copper and powder.”

Keegan continued, “Looking forward, we expect to see increased sales and EBITDA momentum in the quarters ahead at Revelyst as a result of new and exciting product launches, cross collaborations and improvements in our channel strategy. We have also seen tremendous progress with our Gear Up transformation program, which contributed $5 million in realized cost savings in Q1 FY2025, providing a clear path to $25 million to $30 million of cost savings in FY2025. This progress gives us confidence in our expectation to double Revelyst’s standalone adjusted EBITDA during the year.”

Image courtesy Simms