All Bell articles
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Data & Analysis2023 Bicycle Industry Stock Chart: Bet on interest rate cut boosts year-end rally
Here you can find out why the global bicycle stock market performed better than expected last year and what the role of the selected stocks in our OIC Bicycle Stock played.
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ArticleUS Outdoor Participation Trends Report released, Vista Outdoor feeling bullish
Vista Outdoor, parent company of 41 brands , including outdoor and bike suppliers Camelbak, Camp Chef, Giro, Bell and Fox Racing, is celebrating the results of the Outdoor Industry Association’s (OIA) 2023 Outdoor Participation Trends Report. The 72-page report, released to all OIA members, shows that the number of outdoor ...
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ArticleVista Outdoor net income dips 45% in Q3
Vista Outdoor, the group that owns 41 sporting and outdoor brands, saw its Q3 net income fall by 45 percent to $65.1 million from $118.1 million for the third quarter ending Dec. 25. Reported earnings before interest and taxes (EBIT) declined by 38.8 percent to $97.3 million. Earnings before interest, ...
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ArticleVista Outdoor shares take hit after guidance lowered
Jason Vanderbrink, president of Vista Outdoor’s sporting products division, told analysts, “We are bullish on the outdoor industry despite near-term macroeconomic conditions that have eroded consumer confidence and pressured performance across the (U.S.) economy. We always understood that the elevated purchase patterns of the last two-and-a-half years would normalize.” ...
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ArticleVista Outdoor to separate into two; Q4 and FY profits soar
Vista Outdoor, which currently has a portfolio of 39 brands, including five it acquired over the last year, intends to separate its outdoor products and sporting products segments into two independent, publicly-traded companies. The current completion date for the transaction is sometime in 2023, when Vista sees additional acquisitions before ...
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ArticleVista Outdoor raises guidance after record Q3
Minnesota-based Vista Outdoor raised its guidance for its fiscal year ending this March after reporting record results in the third quarter ended Dec. 26 amid continued high consumer demand for sporting and outdoor products. Vista Outdoor is now projecting fiscal year 2022 sales of $2.97 billion to $3.0 billion, representing ...
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ArticleVista Outdoor on target as Q3 earnings beat expectations
U.S.-based Vista Outdoor has reported better-than-expected third-quarter revenue, driven by growth in its shooting and outdoor segments as the recreation boom sparked by the Covid-19 pandemic shows no sign of slowing. Revenue for the three months to September 26 rose 35 percent to $778.5 million against forecasts of $723.3 million. ...
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News briefs
Moody’s responds positively to Vista’s $500m debt offering
Moody’s has upgraded the rating of Vista Outdoor’s new senior unsecured notes from B2 to B3 after the company expanded their offering from $350 million to $500 million in response to strong demand from the financial community. The new notes will bear an interest of 4.500 percent and mature in ...
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ArticleVista Outdoor’s momentum continues
Vista Outdoor reported another record set of results for the third quarter, after a better-than-expected second quarter, led by ammunition sales and revenues from the recently-acquired Remington business. The U.S.-based manufacturer of ammunition and outdoor sports products said that sales surged by 35 percent in the three months ended Dec. ...
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ArticleVista Outdoor’s shares soar on good results and upbeat guidance
Vista Outdoor, which includes brands such as Bell, Giro, Camelbak, Camp Chef and Bushnell Golf, saw its stock rise by 8 percent after posting strong results for the second fiscal quarter ended Sep. 27. It also released a positive outlook for the next quarter. Sales surged by 29 percent to ...
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ArticleVista Outdoor benefits from resurgence in outdoor recreation activities
The Outdoor Products division of Vista Outdoor, which includes brands such as Bell, Giro, Camelbak, Camp Chef and Bushnell Golf, recorded a 4 percent drop in sales to $145.0 million in the first fiscal quarter ended on June 28, largely due to restrictions related to the Covid-19 outbreak. These restrictions ...
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News briefsNew additions to Vista Outdoor’s board of directors
Vista Outdoor, the owner of several outdoor sports and recreation brands, including CamelBak, Bell and Giro, has added two independent members, Fran Philip and Lynn Utter, to its board of directors as part of the company’s ongoing corporate rejuvenation efforts. Fran Philip was most recently chief merchandising officer for L. ...
