VSTO’s bottom line swung back to the black with net income of $79,645,000 in is fiscal second quarter ended Sep. 27 against a loss of $11,898,000 last year, as revenues surged 29% to $575,179,000 from $445,016,000. E-commerce sales doubled year over year, representing about 20% of total revenue. Net income got a boost from the utilization of $16.1 million in tax assets to offset income taxes under provisions of the CARES Act, it noted. VSTO shares traded up 8% on the quarterly improvement and guidance.

The shooting sports segment expanded 26% to $380 million, largely from the growth in consumer ammunition ... Log in to view full article.