Vista Outdoor Announces FY20 Third Quarter Operating Results
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Vista Outdoor (VSTO) Tops Q3 EPS by 8c, Revenues Beat; Offers FY20 EPS/Revenue Outlook
February 6, 2020 6:59 AM ESTVista Outdoor (NYSE: VSTO) reported Q3 EPS of $0.21, $0.08 better than the analyst estimate of $0.13. Revenue for the quarter came in at $425 million versus the consensus estimate of $419.47 million.
Sales were $425 million, down 9 percent from the prior-year quarter, and were up 0.2% on an organic basis, excluding results from of our Firearms business which was sold in the second quarter of Fiscal Year 2020.Gross profit was $89 million, down 6 percent from the prior year quarter, up 4 percent on an adjusted organic basis, excluding results from our Firearms business.Operating expenses were $70 million. This... More