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Saturday, June 22, 2024

Vista Outdoor Reports Record Quarter, Plans for 2 Companies

  • The outdoor recreation and sports company posted $809 million in sales in fiscal Q4, up 36% year-over-year.
  • It also announced a plan to split two segments — outdoor products and sporting goods — into two publicly-traded companies.
Vista Outdoor

Vista Outdoor announced record fourth-quarter and fiscal-year results in its latest earnings report. 

The outdoor recreation and sports company posted $809 million in sales in fiscal Q4, a 36% increase year-over-year. The results were driven by strong demand across the company’s sporting goods and outdoor products segments.

Vista Outdoor also announced a plan to split those two segments into two publicly traded companies. The transition is expected to be completed in FY2023.

The company’s sporting products segment saw $464 million in sales in fiscal Q4, up 56% year-over-year, while its outdoor segment generated $345 million in sales during the quarter. Total sales in FY2022 reached a record $3 billion, a 37% increase compared to the year prior.

Vista Outdoor has diversified its portfolio through a series of major acquisitions.

  • In May 2021, the company acquired Hevi-Shot, adding to its ammunition portfolio.
  • The company acquired e-bike maker QuietKat and female-focused hunting brand Venor.
  • It purchased golf tech company Foresight Sports for $474 million last September.
  • Earlier this year, it acquired Montana-based hunting gear company Stone Glacier

Investment in Sports 

Vista Outdoor is looking to build on its recent success with further investment in sports and is actively seeking investment opportunities. 

“We’ve positioned ourselves as the acquirer of choice within the industry,” CEO Chris Metz told Front Office Sports.

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