Vista Outdoor Reports FY19 Fourth Quarter and Full-Year Operating Results
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Vista Outdoor (VSTO) Misses Q4 EPS by 12c, Revenues Beat; Offers FY20 EPS/Revenue Guidance
May 9, 2019 6:58 AM EDTVista Outdoor (NYSE: VSTO) reported Q4 EPS of $0.01, $0.12 worse than the analyst estimate of $0.13. Revenue for the quarter came in at $515 million versus the consensus estimate of $503.17 million.
Fiscal Year 2019For the fourth quarter ended March 31, 2019:
Sales were $515 million, down 10 percent from the prior-year quarter. The decline was caused by the sale of Eyewear in the second quarter, lower sales in hydration and hunting and shooting accessories in the Outdoor Products segment, and lower demand within firearms.Gross profit was $99 million, down 9 percent from the prior-year quarter. Adjusted gross profit was... More