Vista Outdoor Unveils Value Creation Framework and Sets Long-term Financial Targets

Rhea-AI Summary

Vista Outdoor Inc. (NYSE: VSTO) announced the unveiling of its Value Creation Framework and long-term financial targets during a virtual Investor Day on May 26, 2021. The event featured presentations by key executives, including CEO Chris Metz, who highlighted the company's record earnings and successful integration of brands like Remington and HEVI-Shot. New acquisitions include QuietKat, known for rugged eBikes, and Venor, a hunt-inspired apparel brand. Investors can access the webcast and presentation materials on Vista Outdoor's website.

Positive

• Unveiling of the Value Creation Framework to guide future growth.
• Record earnings and free cash flow reported for fiscal year 2021.
• Successful integration of Remington and HEVI-Shot brands.
• Acquisition of QuietKat and Venor expands brand portfolio.

Negative

• None.

ANOKA, Minn., May 26, 2021 /PRNewswire/ -- Vista Outdoor Inc. (NYSE: VSTO) will unveil its Value Creation Framework and its long-term financial targets at its virtual Investor Day starting at 8:30 a.m. EDT. The event will feature presentations by Chief Executive Officer Chris Metz, Chief Financial Officer Sudhanshu Priyadarshi, Chief Communications and Investor Relations Officer Kelly Reisdorf and Business Unit Presidents Jason Vanderbrink (Ammunition), Vishak Sankaran (Hunt/Shoot and Golf), Greg Williamson (CamelBak), Ric Kern (Bell + Giro) and Brandon Sparrow (Camp Chef).

Prepared remarks will begin at 8:30 a.m. EDT and will be followed by a live Q&A session, concluding by 11:00 a.m. EDT. Attendees must pre-register for the Investor Day webcast by following this link and completing the registration form. Investors may also access the webcast and related presentation materials from the Vista Outdoor website (www.vistaoutdoor.com). Choose "Investors" then "Events and Presentations."

"Fiscal year 2021 was historic on many levels: we welcomed millions of new outdoor enthusiasts, we expanded our family of brands with the additions of Remington and HEVI-Shot and we accelerated our transformation through record earnings, free cash and debt paydown," said Vista Outdoor Chief Executive Officer Chris Metz. "Today we turn to the future, which starts with our Value Creation Framework. The underpinnings of this Framework will fuel our three-year plan and guide our next phase of growth and value creation. I look forward to discussing this Framework and outlining our long-term financial targets during our Investor Day later this morning.

"I am equally excited to welcome QuietKat and Venor to the Vista Outdoor family of powerhouse brands. QuietKat is an electric bicycle company that specializes in designing, manufacturing and marketing rugged, all-terrain eBikes. Based in Eagle, Colorado, the company will continue to be led by its co-founders and twin brothers, Jake and Justin Roach. Venor is a Minnesota-based, hunt-inspired female apparel brand. The Venor lifestyle is anchored in adventure, community and empowering women to live their best outdoor lives. I am delighted to announce that Kelly Reisdorf, our Chief Investor Relations and Communications Officer, will expand her role and lead Venor as its General Manager," concluded Metz.

A live webcast of the event will be available in the "Investors" section of Vista Outdoor's website at http://investors.vistaoutdoor.com/event. An online archive of the webcast and presentation slides will be available after the conclusion of the event and remain on the website for one year.

About Vista Outdoor Inc.

Vista Outdoor is a global designer, manufacturer and marketer of consumer products in the outdoor sports and recreation markets. The Company has a portfolio of well-recognized brands that provides consumers with a wide range of performance-driven, high-quality and innovative products for individual outdoor recreational pursuits. Vista Outdoor products are sold at leading retailers and distributors across North America and worldwide. For news and information, visit www.vistaoutdoor.com or follow us on Twitter @VistaOutdoorInc and Facebook at www.facebook.com/vistaoutdoor.

Forward-Looking Statements

Certain statements in this press release and other oral and written statements made by Vista Outdoor from time to time are forward-looking statements, including those that discuss, among other things: Vista Outdoor's plans, objectives, expectations, intentions, strategies, goals, outlook or other non-historical matters; projections with respect to future revenues, income, earnings per share or other financial measures for Vista Outdoor; and the assumptions that underlie these matters. The words 'believe', 'expect', 'anticipate', 'intend', 'aim', 'should' and similar expressions are intended to identify such forward-looking statements. To the extent that any such information is forward-looking, it is intended to fit within the safe harbor for forward-looking information provided by the Private Securities Litigation Reform Act of 1995. Numerous risks, uncertainties and other factors could cause Vista Outdoor's actual results to differ materially from expectations described in such forward-looking statements, including the following: impacts from the COVID-19 pandemic on Vista Outdoor's operations, the operations of our customers and suppliers and general economic conditions; general economic and business conditions in the United States and Vista Outdoor's other markets outside the United States, including conditions affecting employment levels, consumer confidence and spending, conditions in the retail environment, and other economic conditions affecting demand for our products and the financial health of our customers; Vista Outdoor's ability to attract and retain key personnel and maintain and grow its relationships with customers, suppliers and other business partners, including Vista Outdoor's ability to obtain acceptable third party licenses; Vista Outdoor's ability to adapt its products to changes in technology, the marketplace and customer preferences, including our ability to respond to shifting preferences of the end consumer from brick and mortar retail to online retail; Vista Outdoor's ability to maintain and enhance brand recognition and reputation; others' use of social media to disseminate negative commentary about us and boycotts; reductions in or unexpected changes in or our inability to accurately forecast demand for ammunition, accessories or other outdoor sports and recreation products; risks associated with Vista Outdoor's sales to significant retail customers, including unexpected cancellations, delays and other changes to purchase orders; supplier capacity constraints, production disruptions or quality or price issues affecting Vista Outdoor's operating costs; Vista Outdoor's competitive environment; risks associated with diversification into new international and commercial markets including regulatory compliance; changes in the current tariff structures; the supply, availability and costs of raw materials and components; increases in commodity, energy and production costs; changes in laws, rules and regulations relating to Vista Outdoor's business, such as federal and state ammunition regulations; Vista Outdoor's ability to realize expected benefits from acquisitions and integrate acquired businesses; Vista Outdoor's ability to execute our strategic transformation plan, including our ability to realize expected benefits from the successful divestiture of non-core brands and profitability improvement initiatives; Vista Outdoor's ability to take advantage of growth opportunities in international and commercial markets; foreign currency exchange rates and fluctuations in those rates; the outcome of contingencies, including with respect to litigation and other proceedings relating to intellectual property, product liability, warranty liability, personal injury and environmental remediation; risks associated with cybersecurity and other industrial and physical security threats; capital market volatility and the availability of financing; changes to accounting standards or policies; and changes in tax rules or pronouncements. You are cautioned not to place undue reliance on any forward-looking statements we make. Vista Outdoor undertakes no obligation to update any forward-looking statements except as otherwise required by law. For further information on factors that could impact Vista Outdoor, and statements contained herein, please refer to Vista Outdoor's filings with the Securities and Exchange Commission.

Media Contact:	Investor Contact:
Fred Ferguson	Shelly Hubbard
Phone: 571-343-7006	Phone:  612-518-5406
E-mail: media.relations@vistaoutdoor.com	E-mail: investor.relations@vistaoutdoor.com

 

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SOURCE Vista Outdoor Inc.

FAQ

What is Vista Outdoor's Value Creation Framework?

Vista Outdoor's Value Creation Framework outlines its strategy for long-term growth and financial targets, presented during the Investor Day on May 26, 2021.

When did Vista Outdoor hold its Investor Day?

Vista Outdoor held its Investor Day on May 26, 2021, starting at 8:30 a.m. EDT.

What brands did Vista Outdoor recently acquire?

Vista Outdoor recently acquired QuietKat, an electric bicycle company, and Venor, a hunt-inspired female apparel brand.

Who presented at the Vista Outdoor Investor Day?

Key presentations were made by CEO Chris Metz, CFO Sudhanshu Priyadarshi, and other business unit presidents.

How can I access the Vista Outdoor Investor Day webcast?

The webcast and presentation materials from the Investor Day can be accessed on Vista Outdoor's official website under the 'Investors' section.