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Thursday, February 9, 2017

Vista Outdoor (VSTO) reported earnings on Thur 9 Feb 2017 (b/o)

Sector: Consumer Cyclical
Industry: Leisure
Full Time Employees: 5,200
** charts after earnings **


Vista Outdoor reports EPS in-line, misses on revs; guides FY17 EPS below consensus, revs below consensus :
  • Reports Q3 (Dec) adj earnings of $0.62 per share, in-line with the Capital IQ Consensus of $0.62; revenues rose 10.3% year/year to $653.6 mln vs the $676.61 mln Capital IQ Consensus.
  • Co issues lowered guidance for FY17, sees EPS of $1.95-2.10 from $2.65-2.85 vs. $2.49 Capital IQ Consensus Estimate; sees FY17 revs of $2.50-2.54 bln from $2.72-2.78 bln vs. $2.69 bln Capital IQ Consensus Estimate.
  • "For the full year, we expect gross margins to be roughly in line with the third quarter results. While we will release formal guidance for FY18 during our May earnings call, we do expect the revenue and margin pressures we are experiencing in the back half of FY17 to continue into next year. Despite the pressures this year and next, the company is committed to a value-creating capital deployment strategy, long-term sales growth and margin improvement, and delivering long-term value to our shareholders."

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