Vista Outdoor Beats Estimates on Improving Firearms Market
Vista Outdoor (NYSE: VSTO) is up almost 15% since reporting fiscal third-quarter results on Feb. 6 that blew past analysts' targets for both the top and bottom lines.
Helping to push the outdoor recreation gear company ahead was the ammunition division, which recorded its first quarter of sales growth in almost four years. Despite having sold off its firearms business, Vista still needs to ride the industry's coattails for gains, and growing a business beyond guns is still challenging.
Higher sales of Vista Outdoor's Federal Premium brand ammo helped lift profits in the third quarter. Image source: Vista Outdoor.
Source Fool.com
