Vista Outdoor Announces FY21 First Quarter Operating Results
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Vista Outdoor (VSTO) Tops Q1 EPS by 51c, Revenues Beat; Offers 2Q EPS/Revenue Guidance Above Consensus
August 6, 2020 7:11 AM EDTVista Outdoor (NYSE: VSTO) reported Q1 EPS of $0.51, $0.51 better than the analyst estimate of $0.00. Revenue for the quarter came in at $479 million versus the consensus estimate of $405.81 million.
For the first quarter ended June 28, 2020:
Sales were $479 million, up 4 percent compared with the prior-year quarter, and up 10 percent adjusted for divested businesses.Gross profit was $125 million, up 32 percent compared with the prior-year quarter, and up 41 percent adjusted for divested businesses. Gross profit margin improved by 549 bps compared with the prior-year quarter, and by 574 bps adjusted for divested businesses.Operating expenses... More