Shares of Vista Outdoor Inc. /zigman2/quotes/205852373/composite VSTO +1.53% soared 13.5% toward a near three-year high in premarket trading Thursday, after the ammunition and outdoor gear seller reported a surprise fiscal first-quarter profit and sales that rose well above expectations, and provided an upbeat second-quarter outlook. For the quarter to June 28, the company swung to net income of $40.5 million, or 69 cents a share, from a loss of $16.6 million, or 29 cents a share, in the year-ago period. Excluding non-recurring items, adjusted earnings per share came to 51 cents, while the FactSet consensus was for a breakeven quarter. Sales rose 4.2% to $479.1 million, well above the FactSet consensus of $405.8 million. Shooting sports sales increased 8% to $334 million, driven by continued demand for personal protection and a resurgence in outdoor recreation activities, to offset a 4% decline in outdoor products sales to $145 million, as the COVID-19 pandemic hurt hydration and golf sales. For the fiscal second quarter, Vista expects sales of $495 million to $515 million, above the current FactSet consensus of $468 million. "We had an incredible start to our fiscal year, and we see continued strength going forward in both our Outdoor Products and Shooting Sports segments, with increasing participation rates across all of our categories," said Chief Executive Chris Metz. The stock, which is on track to open at the highest price seen during regular-session hours since November 2017, has more than doubled (up 143.9%) year to date through Wednesday, while the S&P 500 /zigman2/quotes/210599714/realtime SPX +1.51% has gained 3.0%.