VISTA OUTDOOR Reports First Quarter FY2024 Earnings Results for Period Ending June 30 2023

🌥️Earnings Overview

VISTA OUTDOOR ($NYSE:VSTO) reported a 13.6% decrease in total revenue and a 53.9% decrease in net income for the first quarter of their FY2024, compared to the same period of the previous year. The total revenue was USD 693.3 million and the net income was USD 58.1 million for the quarter ending June 30 2023.

Market Price

VISTA OUTDOOR, the leading outdoor recreation company in the United States, reported its first quarter FY2024 earnings results for the period ending June 30, 2023. On Wednesday, VISTA OUTDOOR stock opened at $28.6 and closed at $29.1, up by 1.4% from last closing price of 28.7.

In addition, VISTA OUTDOOR announced a new initiative to focus on digital marketing and omnichannel strategies to better reach their customers. The company also plans to expand its product portfolio in order to achieve growth in the long term. Overall, the first quarter of FY2024 was a success for VISTA OUTDOOR with strong results despite the challenging environment. The company is optimistic that its efforts will continue to pay off over the coming months. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Vista Outdoor. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Vista Outdoor. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Vista Outdoor. More…

Key Ratios Snapshot

Some of the financial key ratios for Vista Outdoor are shown below. More…

Analysis

GoodWhale conducted an analysis of VISTA OUTDOOR‘s fundamentals and the results are positive. Our Star Chart shows that VISTA OUTDOOR has a high health score of 8/10 with regard to its cashflows and debt, which suggests that it is able to sustain future operations in times of crisis. Meanwhile, VISTA OUTDOOR is strong in asset, medium in growth, profitability and weak in dividend. As a result, we have classified VISTA OUTDOOR as ‘rhino’, a type of company we conclude that has achieved moderate revenue or earnings growth. Given the findings from our analysis, investors who are looking for companies that have consistently achieved moderate revenue or earnings growth would find VISTA OUTDOOR an attractive option. Additionally, investors seeking companies with strong cashflows and debt would be drawn to VISTA OUTDOOR as well. Ultimately, VISTA OUTDOOR may be a suitable investment opportunity for many types of investors. More…

Peers

In the outdoor recreation equipment market, Vista Outdoor Inc competes with Callaway Golf Co, WW Holding Inc, and United Labels AG. These companies manufacture and sell products such as camping gear, golf equipment, and labels for outdoor products. While each company has its own strengths and weaknesses, Vista Outdoor Inc has managed to stay ahead of the competition by offering a wide variety of products and services.

– Callaway Golf Co ($NYSE:ELY)

WWE is a publicly traded professional wrestling entertainment company. Based in Stamford, Connecticut, WWE produces and distributes content through television, pay-per-view, digital media, and live events. WWE has a market cap of 4.6B as of 2022 and a Return on Equity of 13.26%.

– WW Holding Inc ($TWSE:8442)

United Labels AG is a German company that produces labels for clothing. The company has a market cap of 14.7M as of 2022 and a Return on Equity of 29.75%. United Labels AG is a publicly traded company.

Summary

Vista Outdoor‘s first quarter financial results for FY2024, ending on June 30th, 2023, indicate a slight downturn in the company’s performance compared to the same period in the previous year. Investors should consider these figures when evaluating the potential benefits of investing in Vista Outdoor as the company begins to recover from the effects of the pandemic.