Vista Outdoor delivered solid second quarter results, including an increase of 24 percent in both sales and gross profit over the prior-year period. Growth was driven by acquisitions, including Camp Chef, and strong performance in its Shooting Sports segment, said Vista Outdoor Chairman and CEO Mark DeYoung.
Sales were $684 million, including $106 million from the recent acquisitions, and up 5 percent on an organic basis. Gross profit was $185 million. The increase includes $32 million of gross profit from the recent acquisitions, and a 3 percent increase in organic gross profit.
Operating expenses were $81 million, compared to $88 million in the prior-year quarter. The decrease primarily reflects an acquisition claim settlement gain related to the Bushnell acquisition, partially offset by additional expenses generated by the acquisitions, as well as previously announced ongoing investments in selling, marketing and R&D activities.
“We remain confident in our strategy, and we are reaffirming our FY17 guidance,” said Vista Outdoor Chief Financial Officer Stephen Nolan. That includes expected sales in a range of $2.72 billion to $2.78 billion.
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