Vista Outdoor Reiterated FY25 Sales Of $2.665B-$2.775B Vs $2.74B Est, Discloses Q1 Sales Guide Of $272M-$276M Vs $674M Est
Portfolio Pulse from Benzinga Newsdesk
Vista Outdoor reaffirmed its FY25 sales guidance of $2.665B-$2.775B, with Q1 sales expected to be $272M-$276M, significantly below the $674M estimate. The company also disclosed plans for a $50M share repurchase program for Revelyst.
July 22, 2024 | 10:06 am
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Vista Outdoor reaffirmed its FY25 sales guidance but disclosed a significant miss in Q1 sales expectations. The company also announced a $50M share repurchase program for Revelyst.
The reaffirmation of FY25 sales guidance is positive, but the significant miss in Q1 sales expectations is likely to weigh on the stock in the short term. The $50M share repurchase program for Revelyst is a positive move but may not offset the negative sentiment from the Q1 sales miss.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100