Welcome to our dedicated page for Vista Outdoor news (Ticker: VSTO), a resource for investors and traders seeking the latest updates and insights on Vista Outdoor stock.
Vista Outdoor Inc. (NYSE: VSTO) is a leading global designer, manufacturer, and marketer of consumer products in the ever-growing outdoor sports and recreation markets. Headquartered in the United States, Vista Outdoor employs over 6,000 individuals worldwide. The company's diverse portfolio includes well-recognized brands that offer high-quality and innovative products. These products include sporting ammunition and firearms, outdoor accessories, outdoor sports optics, golf rangefinders, and performance eyewear.
Core Business and Operations: Vista Outdoor operates through several key segments: the Kinetic Group, Revelyst Outdoor Performance, Revelyst Adventure Sports, and Revelyst Precision Sports Technology. The Kinetic Group, which focuses on ammunition brands, remains the company's primary revenue generator. This segment supplies ammunition for various activities, including training, hunting, target shooting, and personal protection.
Vision and Mission: The company's vision is to become a leading provider of quality products for outdoor enthusiasts. Vista Outdoor aims to deliver superior long-term returns to shareholders, offer value to customers and consumers, and provide rewarding careers for its employees. Its mission is to inspire people to enjoy the outdoors by leveraging its extensive capabilities and experience to create products that help enthusiasts achieve independence and success in their chosen activities.
Recent Achievements and Projects: Vista Outdoor continues to expand its market presence through strategic acquisitions and innovative product launches. Recent noteworthy achievements include the introduction of advanced performance eyewear and enhancements in their sporting optics range. The company also prides itself on fostering partnerships that enhance its brand value and product offerings.
Financial Condition: Vista Outdoor has shown robust financial performance with steady revenue growth, driven largely by its Kinetic Group. The firm's ability to adapt to market trends and consumer needs has solidified its position as a market leader in the outdoor sports arena.
Latest Developments: The company remains committed to innovation and customer satisfaction, consistently updating its product lines and exploring new market opportunities. Recent news highlights include strategic partnerships, product launches, and financial updates that underscore Vista Outdoor's commitment to growth and excellence in the outdoor recreation market.
Vista Outdoor has partnered with Stockperks to launch a Shareholder Rewards Program, enhancing engagement with retail investors on the Stockperks app. Shareholders can redeem discounts on various products from brands like CamelBak and Remington. This initiative aims to reward shareholders and promote outdoor participation, following a surge in consumer interest in outdoor activities. The program is designed to create a year-round connection between Vista Outdoor's management and its shareholders.
Vista Outdoor Inc. (NYSE: VSTO) announced its participation in two major investor conferences scheduled for March 2022. The company will be featured at the 11th Annual UBS Global Consumer and Retail Conference on March 10 and the 34th Annual Roth Conference on March 15. Interested parties are encouraged to contact the respective firms for more details. Vista Outdoor, the parent company of 39 well-known brands, offers a variety of outdoor and sporting products. More information can be found on their website.
Vista Outdoor reported record third-quarter results for FY2022, with sales increasing 38% to $795 million and gross profit rising 72% to $281 million.
The company announced a new $200 million share repurchase program, following strong demand for its outdoor products and successful acquisitions.
With improved operational efficiencies, Vista raised FY2022 guidance, projecting sales of $2.97 billion to $3 billion and adjusted EPS between $8.00 and $8.10.
Vista Outdoor will host its investor conference call on February 3 at 9:00 a.m. EST to discuss third quarter fiscal year 2022 financial results. The results will be available on Vista Outdoor's website at 5:00 a.m. EST prior to the call. The agenda includes discussions on financial guidance and strategic matters. Interested parties can participate via the company’s website or access a recording of the call by dialing 1-866-813-9403 with the confirmation code 596375. The recording will be available for one month post-event.
Vista Outdoor Inc. (NYSE: VSTO) has acquired Stone Glacier, a premium brand specializing in lightweight hunting gear. This acquisition allows Vista Outdoor to expand into the camping and technical apparel markets with a fast-growing brand. The company anticipates immediate earnings accretion from the deal, funded through cash and existing credit facilities. This marks Vista's seventh acquisition in 16 months, supporting their strategy to enhance market presence and product offerings in outdoor sports.
Vista Outdoor (NYSE: VSTO) presented its support for nine outdoor recreation bills to the U.S. Senate Committee on Energy and Natural Resources. Fred C. Ferguson, Vice President of Public Affairs, emphasized the need for expanded access and better management of public lands, citing a surge in outdoor activity during the pandemic with over 10 million first-time campers. The proposed bills, which aim to enhance outdoor recreation and economic growth within the $689 billion outdoor economy, include the Outdoors for All Act and the Simplifying Outdoor Access for Recreation Act.
The Vista Outdoor Foundation has selected ten nonprofit organizations to receive over $600,000 in grants during its inaugural grant cycle. This initiative aims to promote outdoor participation, conservation, and diversity in outdoor sports. The selection process followed a strict review of over 100 funding requests based on operational and mission-based criteria. CEO Chris Metz praised the grant recipients for their impactful work. The Foundation plans to open its next grant cycle in summer 2022, enhancing its commitment to supporting outdoor-related causes.
Vista Outdoor reported strong Q2 FY22 results, with sales increasing 35% to $778 million, achieving a record high. Gross profit surged 85% to $299 million, and adjusted EPS rose 119% to $2.41. The company completed six acquisitions in 14 months and expects continued growth, particularly from Remington, QuietKat, and Foresight Sports. For FY22, Vista forecasts sales between $2.9 billion and $2.95 billion and adjusted EPS of $7.70 to $8.00. Cash flow remains strong, despite a decrease in operating cash flow due to inventory investments.
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