All Vista Outdoor articles – Page 3
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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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News briefsBell’s Andrea Pankow joins PeopleForBikes board of directors
Andrea Pankow, vice president and GM of Vista Outdoor’s Bell Helmets, Raskullz and Krash brands, has been appointed to the PeopleForBikes Coalition board of directors. Pankow has held numerous positions since joining Bell in 2006, when the company was still known as Easton-Bell Sports. PeopleForBikes is the U.S.-based organization that ...
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ArticleVista Outdoor Foundation’s FY 2023 grant partners announced
The Vista Outdoor Foundation, the philanthropic partner of Vista Outdoor Inc., announced 12 non-profit organizations selected by its board of directors to receive grants as part of the foundation’s second annual grant cycle. The 12 organizations include nine that were previously funded in the first cycle and three that are ...
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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’s CFO to leave the company
Vista Outdoor announced that Sudhanshu Priyadarshi, the company’s CFO, has decided to pursue another opportunity after two and a half years in his role and will step down from his position in November. Priyadarshi will continue to perform his duties until his departure, including the release of the company’s second ...
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ArticleFox Racing enters the performance training category
Fox Racing, the California-based specialist in mountain bike and motocross safety equipment and apparel, has announced the brand’s introduction into the performance training category. The new training collection marks the brand’s first launch off the bike. The new autumn 2022 line will debut with a range of products for all ...
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News briefsVista closes acquisition of Fox Racing
Vista Outdoor announced the closing of its acquisition of California-based Fox Racing for the purchase price of $540 million, with the potential for an additional $50 million earnout based on Fox Racing’s financial performance (OIC reported earlier). The addition of Fox Racing allows Vista Outdoor to add another category-leading brand ...
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ArticleVista Outdoor’s Q1 net income up 23%
Vista Outdoor, the group that has just acquired Fox Racing and Simms Fishing, saw its total net sales increase by 21.1 percent to $802.6 million for the first quarter of its fiscal year 2023, which ended on June 26, 2022. The increase was driven by strong double-digit growth in Sporting ...
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ArticleVista Outdoor acquires Simms Fishing Products
Shortly after announcing its acquisition of Fox Racing, a California-based global provider of high-performance motocross, mountain biking and lifestyle gear, for at least $540 million, Vista Outdoor Inc. has now confirmed that it will also acquire Montana-based Simms Fishing Products. Simms is a premium fishing brand and leading designer, marketer ...
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ArticleVista Outdoor to acquire Fox Racing
Virginia-based Vista Outdoor Inc, the parent company of 39 sports and outdoor brands, announced it has entered into a definitive agreement to acquire Fox Racing, a global provider of high-performance motocross, mountain biking and lifestyle gear from Irvine, California. The purchase price is $540 million, with the possibility of earning ...
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ArticleVista Outdoor outlines long-term vision and financial goals for proposed separation of its business
Vista Outdoor, the parent company of 39 brands including CamelBak, Bushnell Golf, Foresight Sports, Bell Helmets, Camp Chef, Giro, QuietKat and Stone Glacier, held its annual investor day for institutional investors and analysts at the New York Stock Exchange this week. Speakers included CEO Chris Metz, CFO Sudhanshu Priyadarshi and ...
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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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News briefsVista Outdoor partners with Stockperks to enhance retail investor relationships
Vista Outdoor, the parent company of 39 brands that design, manufacture and market sports and outdoor products, and Stockperks, a New York City-based retail investor engagement company, have launched the Vista Outdoor Shareholder Rewards Program for the U.S. through the Stockperks app. To launch the program, retail shareholders using the ...
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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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ArticleOutdoor and bike industry stocks rose by 3.0% in Q4
Our quarterly analysis of the outdoor stock market shows a 3.0 percent sequential increase in the average stock prices of 32 public companies primarily involved in the outdoor and bicycle sectors between Sept. 30 and Dec. 31, 2021. This came after increases for most of the same companies of 18.9 ...
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ArticleVista Outdoor ends 2021 with yet another acquisition
Minnesota-based Vista Outdoor has made its sixth acquisition in the current year with the takeover of Stone Glacier, a Bozeman, Montana-based brand founded in 2012 by Kurt Racicot that focuses on ultra-lightweight, high-performance hunting gear for backcountry use. The addition of Stone Glacier to Vista Outdoor’s portfolio of outdoor products ...
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News briefsVista Outdoor Foundation selects ten organizations including POW for its first grant cycle
The Vista Outdoor Foundation, the philanthropic partner of Vista Outdoor, has announced ten non-profit organizations selected to receive a total of over $600,000 in grants as part of the foundation’s inaugural grant cycle. The ten organizations selected from more than 100 requests for funding represent a cross-section of outdoor and ...
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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 briefsVista makes Investor’s Business Daily’s top 100 ESG list
Vista Outdoor is ranked 39th on Investor’s Business Daily’s 2021 Best ESG Companies list, which recognizes the top 100 companies with outstanding Environmental, Social and Governance (ESG) ratings in addition to strong fundamentals and technical stock performance. This is the first year Vista Outdoor has made the list. From the ...
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ArticleVista aims higher as ammo sales fire Q1 earnings
U.S.-based Vista Outdoor has posted better-than-expected first-quarter sales on the back of continued soaring demand for ammunition and outdoor products. Sales for the three months to June 27 rose 38 percent to $663 million over the same period last year against company forecasts of $600m - $620m. Chief executive Chris ...
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