Net income grew 50% to $118,137,000 in the fiscal third quarter ended Dec. 26, from $78,879,000 the year before, on revenues that were up 38% to $794,654,000 from $574,679,000. VSTO has realigned its reporting segments, placing all units predominately using third-party manufacturing, including the Hunting and Shooting accessories brands, into the Outdoor segment. Ammunition is now its own segment, renamed Sporting Products. Gross margin improved 700 basis points to 35.4% with expansion in all segments, while SG&A still managed to leverage 100 b.p. despite the addition of overhead from recent acquisitions.

Sporting Products revenues jumped 60% to $459.6 million on both ... Log in to view full article.