Vista Outdoor Announces Record FY21 Second Quarter Operating Results
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Vista Outdoor (VSTO) Tops Q2 EPS by 46c, Revenues Beat; Offers 3Q EPS/Revenue Guidance Above Consensus
November 5, 2020 7:04 AM ESTVista Outdoor (NYSE: VSTO) reported Q2 EPS of $1.10, $0.46 better than the analyst estimate of $0.64. Revenue for the quarter came in at $575 million versus the consensus estimate of $506.39 million.
For the second quarter ended September 27, 2020:
Sales increased 29 percent to $575 million, compared with the prior-year quarter.Gross profit rose 79 percent to $162 million, compared with the prior-year quarter. Gross profit margin improved by 786 bps compared with the prior-year quarter.Operating expenses were 15 percent of sales, and improved by 483 bps when compared with the prior-year quarter. Adjusted operating expenses were 15 percent of... More