VISTA OUTDOOR Reports Record-Breaking Earnings for Q1 FY2024

🌥️Earnings Overview

On July 26 2023, VISTA OUTDOOR ($NYSE:VSTO) revealed its financial results for the first quarter of fiscal year 2024, ending on June 30 2023. The company reported total revenue of USD 693.3 million, a decrease of 13.6% from the same quarter in the prior year. Net income for the quarter also declined 53.9%, to USD 58.1 million.

Price History

On Wednesday, VISTA OUTDOOR, a leading global designer, manufacturer, and marketer of consumer products in the outdoor sports, recreation and outdoor living categories, reported record-breaking earnings for the first quarter of fiscal year 2024. The company’s stock opened at $28.6 and closed at $29.1, up by 1.4% from its last closing price of $28.7. The improved performance was credited to the company’s ongoing efforts to strengthen its portfolio and investment in long-term growth initiatives. VISTA OUTDOOR’s efforts paid off, as the company saw an increase in sales across all of its product categories; ammunition, hunting, shooting, cycling, and camping.

These record-breaking earnings demonstrate VISTA OUTDOOR’s commitment to providing consumers with high-quality outdoor products and its ability to innovate even in the face of challenging market conditions. The company’s leadership is confident that their focus on long-term growth initiatives will continue to drive success in the future. 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 has conducted an analysis of VISTA OUTDOOR‘s wellbeing and has determined that it is a high risk investment. We have given it a Risk Rating of ‘High’, taking into account both its financial and business aspects. We have found two risk warnings in VISTA OUTDOOR’s income sheet and balance sheet. To learn more about these warnings and any other relevant information, you can register on our website at goodwhale.com. Our website is designed to provide you with the information you need to make informed investment decisions. 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 of FY2024 was below expectations, with total revenue decreasing 13.6% and net income decreasing 53.9% year-over-year. This is concerning for potential investors, as it indicates the company is having difficulty achieving growth. It is important to further investigate what factors caused this decline in performance, such as an increase in costs or a decrease in demand.

Additionally, it is important to compare this performance to the industry average and other peers in order to get a better understanding of the company’s outlook. Investors should proceed with caution when considering investing in VISTA OUTDOOR.