VSTO - Vista Outdoor Needs to Prove There's a Business Beyond Guns in Q3
Vista Outdoor (NYSE: VSTO) still has a number of challenges to meet after having abandoning the firearms market and needs to prove that being an outdoors-focused business was the right choice.
The market has been discounting its ability to do so, dropping its stock 25% over the past year even as the S&P 500 has risen by nearly 20%. With both its outdoors and shooting sports segment still in decline, when it reports fiscal third-quarter earnings on Wednesday, Feb. 6, Vista needs to show that it can handle the reversal.
Vista Outdoors is still searching for a way forward after selling its Savage Arms business. Image source: Getty Images.