Quarterly earnings and guidance suggest the company's transformation plan is ahead of schedule.
News & Analysis: Vista Outdoor
Social unrest may make this ammunition maker's business more secure.
VSTO earnings call for the period ending March 31, 2020.
An earnings beat can't outweigh guidance for a Q1 loss at Vista.
These 2 Companies Will Benefit From the Firearms Rebound (and It's Not Just Smith & Wesson or Ruger)
FBI data indicates there's been a massive surge in gun buying over the past month, and ammunition makers are seeing increased demand.
More gun sales have led to higher ammunition sales, boosting the company's bottom line.
VSTO earnings call for the period ending December 31, 2019.
Strong results help validate the company's transformation efforts.
The outdoor gear and equipment company has seen substantial weakness in its legacy businesses.
But the outdoor recreational gear company is getting by on cost cutting, as it's still confronted with declining sales.