Vista Outdoor Announces Record FY21 Third Quarter Operating Results
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Vista Outdoor (VSTO) Tops Q3 EPS by 38c, Revenues Beat; Offers 1Q EPS/Revenue Guidance Above Consensus
February 4, 2021 5:52 AM ESTVista Outdoor (NYSE: VSTO) reported Q3 EPS of $1.03, $0.38 better than the analyst estimate of $0.65. Revenue for the quarter came in at $575 million versus the consensus estimate of $520.13 million.
For the third quarter ended December 27, 2020:
Sales increased 35 percent to $575 million, compared with the prior-year quarter.Gross profit rose 84 percent to $163 million, compared with the prior-year quarter. Gross profit margin improved by 750 bps compared with the prior-year quarter.Operating expenses were 16 percent of sales and improved by 11 bps when compared with the prior-year quarter. Adjusted operating expenses were 16 percent of... More