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Article Date: May 2017
Word Count: 441

Vista Outdoors Ekes Out a Profit in Difficult Final Quarter

Net income was $857,000 against $37,312,000 last year in the final fiscal quarter ended Mar. 31 on 5% lower revenues of $578,753,000 from $612,303,000, but the organic sales decline was even worse, down 21%. Along with the rest of the guns and ammo vendors, VSTO struggled with the post-election collapse in ammunition and firearms demand combined with the general softness in sporting goods retail. Gross margin was 190 basis points lower in the quarter to 24.8%. SG&A bulged 590 b.p. to 20.9% of revenues or $121.2 million, which includes a $17 million receivables write off for bankrupt Gander Mountain and ... Log in to view full article.


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