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Article Date: August 2018
Word Count: 314

Vista Outdoor Has Loss Against Profit in Q2


Swallowing a $44.9 million impairment charge on the sale of its eyewear businesses, Vista Outdoor had a loss of $52,348,000 against income of $16,652,000 for the first quarter ended Jul. 1 as sales declined 7% to $528,836,000 from $568,749,000. VSTO said that despite a challenging market in firearms and a mixed result in outdoor, it was on track with its transformation plan and that it exceeded expectations in Q1. It sees sales for the year of $2.1-2.16 billion and an EPS loss of $0.56-76 ($37.9 mm), about $0.05 ahead of earlier guidance on an adjusted basis. VSTO also said it ... Log in to view full article.

 


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