Why Shares of Vista Outdoor Are Up 7% Today
Shares of firearm and outdoor products-maker Vista Outdoor (NYSE: VSTO) are up 7% today as of 3:10 p.m. EST, after the company reported its fiscal year 2021 second-quarter results.
Overall sales jumped 29%, with strong increases in both the shooting sports and outdoor-products categories.
For the quarter ended Sept. 27, 2020, Vista said sales in shooting sports rose 26% compared to the prior-year period, and jumped 35% in its outdoor-products category. This led to free cash flow of $190 million, compared with a negative use of cash of $23 million in the year-ago quarter.
Source Fool.com
