Vista Outdoor Announces Record Quarter, New Acquisition

by
posted on February 11, 2021
vista-outdoor.jpg

Vista Outdoor—owner of Federal, CCI and other ammunition legends—announced late last week that its quarterly sales, for the period ending Dec. 27, 2020, set an all-time record for the company. Its sales were up 35-percent from the same reporting period the year before, coming in at $575 million. Shooting sports-related brands led the way with $402 million, a 41-percent improvement. The firm also purchased Hevi-Shot Ammunition.

“Continued strength in outdoor recreation markets, combined with our ongoing focus on execution excellence, resulted in strong top and bottom-line growth across the entire company,” Vista Outdoor Chief Executive Officer Chris Metz said when results were released. “Strong outdoor participation trends that began in the early days of COVID lockdowns have continued into calendar 2021 and do not appear to be slowing down.”

When asked about the ammunition shortage during a follow-up shareholder conference call on Feb. 4, Metz explained demand right now is currently, “…very, very different. And it’s probably the broadest base surge we have seen. So, it’s not just 5.56, .223 calibers, it’s 9-millimeter self-defense, it’s hunting loads, it’s centerfire, long rifle, waterfowl. You name it, across the board—every one of the categories has seen a surge.”

“Our acquisition of Remington [ammunition] is ahead of plan and we expect similar results with our just announced acquisition of Hevi-Shot,” he said during the call. “We most recently acquired Hevi-Shot Ammunition for a total of $16 million. This iconic brand is an innovation powerhouse, specializing in the manufacture of top-tier shotshells, bullets and lead-free technology.”

Vista’s plants are already working 24/7 to fill orders, but as the firm’s newly acquired factories spin up to capacity there’s an additional short-term challenge. The cost of shipping raw materials and product are skyrocketing, and those increases are expected linger through part of the year—perhaps longer.

One person on the conference call asked about the situation, and specifically addressed the shortage of cargo containers. “…The freight increases and the containers, it’s going to work itself out at some point in time,” Metz reassured. “It’s going to go on through the quarter, may even go on into the first quarter of our next fiscal year.”

Latest

Chip Mccormick Obituary F
Chip Mccormick Obituary F

Legendary Gunsmith Chip McCormick Passes Away

Chip McCormick, one of the firearm industry's leading innovators and a top competitor, passed away in early June 2021.

Taking The Long Shot: Bergara and CVA New Products 2021

Bergara and CVA, both owned by BPI Outdoors, hosted several "Long Shot Tour" events to show off new bolt-action and muzzleloading rifles for 2021. 

Best Seller: Ruger Precision Rimfire

The Ruger Precision Rimfire, chambered in .22 LR, .22 WMR and .17 HMR, was the fourth most purchased bolt-action rifle of 2020.

The Armed Citizen® June 11, 2021

Read today's "The Armed Citizen" entry for real stories of law-abiding citizens, past and present, who used their firearms to save lives.

NRA Gun of the Week: Ruger MAX-9

On this week’s “Gun of the Week” video preview, American Rifleman editors take to the range Ruger’s new pocketable 9 mm that is built for optics and increased capacity.

McMillan Stocks Founder Kelly McMillan Passes Away

Kelly McMillan, founder of McMillan Stocks and a giant in the shooting-sports industry, passed away on June 1, 2021.

Interests



Subscribe to the NRA American Rifleman newsletter