Vista Outdoor Got a Boost from Ammo Last Quarter
Vista said that demand for ammunition, cycling and outdoor cooking products and gains from its direct-to-consumer e-commerce channel fueled a strong fiscal fourth quarter, which ended Mar. 31. The company sells ammunition under Federal and other brands, and benefitted from surging demand sparked by coronavirus fears that sent ammo sales up 49% for the quarter through Mar. 21, according to the NASGW’s SCOPE data platform. An impairment change for goodwill and trade names will hit the bottom line, but VSTO expects to beat its adjusted EPS guidance and said that cash ... Log in to view full article.