Vista Outdoor's (VSTO) Q3 Earnings Miss Estimates, Stock Down
VSTOVista Outdoor(VSTO) Zacks Investment Research·2024-02-02 02:26

Vista Outdoor Inc. (VSTO) reported dismal results in third-quarter fiscal 2024 (ended Dec 24, 2023), with earnings and revenues missing the Zacks Consensus Estimate. The metrics declined on a year-over-year basis. The downside was caused by lower shipments in various categories, driven by normalized channel inventory and reduced pricing at The Kinetic Group. The Revelyst segment faced challenges due to reduced volume and an unfavorable mix stemming from ongoing short-term consumer pressures. The sale of The ...