After announcing the acquisition of Camelbak and Jimmy Sykes, which has already been completed, Vista Outdoor improved its sales forecast for the present financial year, predicting low single-digit growth to a range of $2.17 billion to $2.24 billion. However, implied operating margins before amortization (Ebitda) should reach the lower end of a projected 14 to 16 percent range. In the first quarter ended July 5, Vista's sales declined as predicted because of weakness in the core firearms and ammunition business. They fell by 9 percent to $514.9 million. The outdoor products segment, led by Bushnell, managed a 2 percent sales increase to $183 million in spite of currency headwinds. Net earnings declined by 17 percent to $33,891,000, but the company's stockmarket quotation rose to a near-record level.
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