Vista Outdoor Announces FY20 Second Quarter Operating Results
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Vista Outdoor (VSTO) Tops Q2 EPS by 10c, Revenues Miss; Offers FY20 EPS/Revenue Guidance
November 7, 2019 6:59 AM ESTVista Outdoor (NYSE: VSTO) reported Q2 EPS of $0.00, $0.10 better than the analyst estimate of ($0.10). Revenue for the quarter came in at $445 million versus the consensus estimate of $460.92 million.
For the second quarter ended September 29, 2019:
Sales were $445 million, down 19 percent from the prior-year quarter, down 7 percent on an organic basis, excluding results from the sale of our Eyewear brands, which were sold in the second quarter of Fiscal Year 2019, and our Firearms business which was sold in the second quarter of Fiscal Year 2020.Gross profit was $90 million, down 17 percent from... More