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Vista Outdoor sees 29% sales bump in Q2

Published November 5, 2020
Action Sports sales up 16%.

ANOKA, Minn. (BRAIN) — Vista Outdoor Inc., the parent of Bell, Giro, Blackburn, CamelBak and other brands, announced that its sales were up 29% in its second fiscal quarter, to $575 million. Gross profit in the quarter was up 79% from the same period last year, to  $162 million.

In Vista's Action Sports division, which includes the bike brands but not CamelBak, sales were $97.4 million, up 16% over the same quarter last year. In the Outdoor Recreation division, which includes CamelBak, Camp Chef and Bushnell Golf, sales were $98 million, up 61% over last year.

Sales in Vista's Shooting Sports division were up 26%, to $380 million. The company said strong consumer for outdoor products drove the sales increase. It also said growth in e-commerce business across its brands contributed. 

It said the sales growth was offset somewhat by supply chain issues related to COVID-19, particularly for its CamelBak hydration business. 

Vista acquired some assets of the Remington brand last month; Remington sales were not included in the report. CEO Chris Metz said, "We are thrilled with this highly synergistic acquisition, which adds Remington’s Arkansas ammunition manufacturing facility and ownership of the legendary Remington brand in ammunition and accessories categories to our world-class portfolio."

Topics associated with this article: Earnings/Financial Reports

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