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Article Date: August 2017
Word Count: 284

Vista Net Down As Channel Inventory Clearance Remains Sluggish


Net income declined 43% to $16,916,000 from $29,124,000 for the first quarter ended Jul 2 on a 10% decline in sales to $568,749,000 from $630,269,000 that included $21 million in sales from the Camp Chef acquisition. Organic sales were down 10%. The Outdoor Products group had a 1% sales increase to $290 million from $287 million, although organic sales fell 6%, while gross profit fell 6% to $77 million from $82 million and was down 14% organically on lower sales across most product lines, more promotional activity and an unfavorable mix. Shooting sports sales plunged 19% to $243 million from ... Log in to view full article.

 


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