Vista Outdoor backs FY18 adj. EPS view $1.10-$1.30, consensus $1.23
Backs FY17 revenue guidance $2.36B-$2.42B, consensus $2.4B. "We are pleased with our performance in the quarter," said Vista Outdoor CFO Stephen Nolan. "Our working capital reduction efforts are delivering results, with strong cash performance in a quarter when traditionally the company has had a net cash use. Margins were helped by the timing of some general overhead spending and by a late introduction in the quarter of ammunition promotional programs. This late introduction pushed the impact of those programs into later quarters. Our sales programs also resulted in the company pulling ahead some revenue from the second quarter into the latter part of our first quarter. Nonetheless, we are reaffirming previously issued guidance for the full year."