Vista Outdoor’s Fiscal Q1 EPS Dips as Outdoor Segment Sales Sink Mid Teens

August 6, 2024

Vista Outdoor, Inc. reported that consolidated sales for the fiscal first quarter ended June 30 and decreased 7.1 percent year-over-year to $644 million. The decline was driven primarily by lower volume at The Kinetic Group (Ammo segment) and Revelyst (Outdoor segment), partially offset by increased government sales at Revelyst and the increased price at The Kinetic Group.

Revelyst sales declined 13.6 percent year-over-year to $274 million in the fiscal first quarter, reportedly driven by pre-order delivery timing delays, unfavorable product mix toward lower price-point channels, lower royalty revenues within Revelyst Adventure Sports, lower wholesale volume and order timing within Revelyst Outdoor Performance, lower volume due to new product introductions in the prior year for Bushnell Golf, and order timing within Revelyst Precision Sports Technology. SGB Media