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Article Date: November 2023
Word Count: 581

Vista Outdoor Profits Tumble on Lower Revenues


After last month’s surprise revelation that VSTO intends to sell its ammunition business, the company reported that net income in the fiscal second quarter ended Sep. 24 was halved to $44,422,000 from $93,455,000, on 13% lower revenues of $676,808,000 against $781,678,000. Sales declined everywhere, with shipments down across categories on lower demand for ammo and cautious retailers pulling back on outdoor products. The results are largely in line with the company’s pre-announcement on Oct. 16, and VSTO confirmed that the planned sale of its sporting products segment to Czechoslovak Group a.s. ... Log in to view full article.

 


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