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April 27, 2020, 6:56 a.m. EDT

Vista Outdoor expects to beat earnings expectations, announces CFO transition

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By Tomi Kilgore

Ammunition and outdoor recreation equipment maker Vista Outdoor Inc. /zigman2/quotes/205852373/composite VSTO +1.42% said Monday that it expects to beat fiscal fourth-quarter adjusted earnings expectations, after seeing "strong demand" within its commercial ammunition, cycling and outdoor cooking categories. The company said sales are expected to be within guidance ranges. The company said, however, that net earnings will be negatively impacted as it expects to take a impairment charge. Vista Outdoor is expected to report earnings in early May, with the FactSet consensus for EPS of 6 cents and sales of $454 million. Separately, the company said it appointed Sudhanshu Priyadarshi as its chief financial officer, replacing Mick Lopez, who was CFO the past two years. Priyadarshi is a 20-year retail finance professional who was most recently CFO of Flexport. The stock, which was still inactive in premarket trading, has run up 37.2% over the past three months while the S&P 500 /zigman2/quotes/210599714/realtime SPX +0.77% has lost 12.5%.

/zigman2/quotes/205852373/composite
US : U.S.: NYSE
$ 17.15
+0.24 +1.42%
Volume: 835,431
July 31, 2020 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$995.80 million
Rev. per Employee
$370,951
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/zigman2/quotes/210599714/realtime
US : S&P US
3,271.12
+24.90 +0.77%
Volume: 3.07B
July 31, 2020 5:07p
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