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Vista Outdoor Second Quarter 2023 Earnings: Revenues Beat Expectations, EPS Lags

Vista Outdoor (NYSE:VSTO) Second Quarter 2023 Results

Key Financial Results

  • Revenue: US$781.7m (flat on 2Q 2022).

  • Net income: US$93.5m (down 33% from 2Q 2022).

  • Profit margin: 12% (down from 18% in 2Q 2022).

  • EPS: US$1.65 (down from US$2.43 in 2Q 2022).

earnings-and-revenue-growth
earnings-and-revenue-growth

All figures shown in the chart above are for the trailing 12 month (TTM) period

Vista Outdoor Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 1.7%. Earnings per share (EPS) missed analyst estimates by 5.3%.

Looking ahead, revenue is forecast to stay flat during the next 2 years compared to a 4.5% growth forecast for the Leisure industry in the US.

Performance of the American Leisure industry.

The company's shares are down 15% from a week ago.

Risk Analysis

You should learn about the 2 warning signs we've spotted with Vista Outdoor (including 1 which is concerning).

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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