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Vista Outdoor’s Q1 Tops Guidance On Sporting Products Momentum

July 27, 2022

Vista Outdoor reported earnings on an adjusted basis rose 33% in the first quarter ended June 26 on a 21% revenue gain. Strong double-digit growth in the Sporting Products segment offset a 2% decline in Outdoor Products, primarily driven by Outdoor Accessories. Sales increased 21% to $803 million, gross profit rose 22% to $293 million, and gross profit margin improved by 15 basis points to 37%. SGB