Vista Outdoor Announces FY19 Second Quarter Operating Results

Vista Outdoor announced Thursday that its fiscal second-quarter sales were solid at $547 million, with flat sales in its action sports division. The company indicated it was in no rush to sell its bike brands, which include Bell, Giro and Blackburn. Vista had announced in August that it would sell those brands as well as Savage Firearms.

Vista completed the sale of its eyewear group during the quarter, which ended Sept. 30. It put the proceeds from the $158 million sale toward paying down debt. Next on the block is Savage, and the company said it hoped to have news on that sale before the end of its fiscal year. The company said it planned to stick to its previously announced plan to sell the brands sequentially, explaining that it didn’t have the resources to handle the process of selling multiple businesses at the same time

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Vista Outdoor Successfully Completes First Step in Transformation Plan

Click here to read the full financial release

2018-11-01T16:24:40-04:00 November 1st, 2018|