NEW YORK (BRAIN) — Vista Outdoor, owner of the Bell, Giro, Blackburn, CamelBak and Bollé brands, continues to see a sales decline in its core ammunition and firearms segments. The company reported Thursday that sales were down 11 percent in its third quarter, which ended Dec. 31.
In its 10-Q filing, its related news release and an earnings call, the bike-related brands were only briefly mentioned. The company did say its Outdoor Products division, which includes the bike, ski, and eyewear brands, saw a slight uptick in the quarter. Sales were up just 0.7 percent in the segment, to $295 million, but earnings in the segment were up 4.2 percent to $74 million. However, it’s difficult to assess the performance of the bike brands because the Outdoor Products division also includes CampChef, Bushnell, and JimmyStyks. Vista said increased sales in its sports protection business were offset by decreases in the hunting and shooting accessories business that is included in the Outdoor Products division.
Vista Outdoor’s more troubled segment is Shooting Sports, which comprises its firearms and ammunition brands …read more