UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended December 25, 2022 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 1-36597 Vista Outdoor Inc. (Exact name of Registrant as specified in its charter) | Delaware | | | 47-1016855 | | --- | --- | --- | --- | | (St ...

Financial Performance - Net sales increased by $3,218, or 0.4%, to $781,678 for the three months ended September 25, 2022, compared to $778,460 for the same period last year[121] - Sporting Products net sales decreased by $17,704, or 3.9%, while Outdoor Products net sales increased by $20,922, or 6.4%[121] - Gross profit decreased by $36,047, or 12.1%, to $262,874, with a gross profit margin of 33.6%, down 480 basis points from the prior year[121] - EBIT decreased by $58,831, or 30.8%, with an EBIT margin of 16.9%, down 760 basis points compared to the same quarter last year[121] - Net income decreased to $93,455, or $1.62 per diluted share, compared to $139,540, or $2.36 per diluted share for the same quarter last year[121] - Total EBIT for the three months ended September 25, 2022, was $131.9 million, a decrease of 30.8% compared to $190.7 million in the prior year[133] Acquisitions and Corporate Strategy - The company acquired Fox Racing and Simms Fishing during the second fiscal quarter of 2023[121] - The planned separation of Outdoor Products and Sporting Products is expected to be completed in calendar year 2023, creating independent publicly traded companies[118] Market Trends and Consumer Behavior - Outdoor Products brands are expected to benefit from increased e-commerce capabilities and a shift in consumer shopping behavior towards online channels[122] - The company anticipates continued increased demand for hunting and shooting-sports related products due to strong participation rates and a broader demographic of users[121] Brand and Marketing Initiatives - The company aims to enhance brand differentiation through focused research and development and increased digital marketing investments[122] Profit Margins - Sporting Products gross profit margin decreased to 36.8% from 45.0% year-over-year, driven by increased commodity and freight costs, lower volume, and unfavorable mix[129] - Outdoor Products gross profit margin increased to 30.6% from 29.3% year-over-year, primarily due to volume from businesses acquired in the last twelve months[130] - EBIT margin for Sporting Products decreased to 30.9% from 39.0% year-over-year, primarily due to decreased gross profit[134] Cash Flow and Debt Management - Cash provided by operating activities increased by $88.2 million for the six months ended September 25, 2022, compared to the prior year period[143] - Cash used for investing activities increased by $751.2 million for the six months ended September 25, 2022, primarily driven by acquisitions[144] - Cash provided by financing activities increased by $685.5 million for the six months ended September 25, 2022, related to proceeds from the 2022 ABL Revolving Credit Facility and 2022 Term Loan[145] - As of September 25, 2022, total debt as a percentage of total capitalization was 49.4%[147] - The company anticipates that its cash position, combined with expected cash flows, will be adequate to fund future growth and service long-term debt obligations[147] Tax and Market Risks - The effective income tax rate for Corporate and Other decreased to 20.8% from 24.5% year-over-year, primarily due to non-taxable contingent consideration income[140] - Market risks primarily arise from changes in interest rates, commodity prices, and foreign currency exchange rates[160] - Market risks as of September 25, 2022, are consistent with those disclosed in the Annual Report for fiscal year 2022[160] - Information regarding market risk is incorporated by reference from the Annual Report on Form 10-K filed on May 24, 2022[160]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 26, 2022 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 1-36597 Vista Outdoor Inc. (Exact name of Registrant as specified in its charter) | | | Name of each exchange on which | | --- | --- | --- | | Titl ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended March 31, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period to Commission file number 1-36597 Vista Outdoor Inc. (Exact name of Registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) Delaware 47 ...

Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended December 26, 2021 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 UNITED STATES SECURITIES AND EXCHANGE COMMISSION For the transition period from to Commission file number 1-36597 Vista Outdoor Inc. (Exact name of Registrant as specified in its charter) Delaware 47-1016855 (State or other jurisdiction of incorpora ...

Financial Data and Key Metrics Changes - Q2 sales reached a record $778 million, representing a 35% increase from the previous year, with EBIT and EBITDA margins also at record highs of 25% and 27% respectively [8][51] - EPS achieved a new record of $2.41 compared to $1.10 in the prior year quarter, marking significant growth [55] - Gross profit increased by 85% to $299 million, driven primarily by the Shooting Sports segment [54] Business Line Data and Key Metrics Changes - The Ammunition Business saw a 65% year-over-year growth, contributing to a total sales increase of 49% in the Shooting Sports segment, which reached $566 million [15][58] - Outdoor Products sales grew by 9% to $212 million, driven by strong demand for brands like CamelBak and QuietKat [60] - CamelBak reported over 40% year-over-year growth, marking its largest revenue quarter on record [39] Market Data and Key Metrics Changes - The number of firearm owners has roughly doubled over the last decade, positively impacting ammunition sales and related accessories [29] - Demand for ammunition is broad-based across various calibers, with significant increases in hunting participation and personal protection interest [21][20] Company Strategy and Development Direction - The company is focused on a value creation framework with five strategic pillars, including disciplined acquisitions and organic growth [14] - Recent acquisitions, such as Foresight Sports and Fiber Energy Products, are expected to enhance the company's portfolio and drive growth in adjacent categories [10][53] - The company aims to exceed its three-year financial targets announced in May, leveraging its strong brand portfolio and operational efficiencies [13][66] Management's Comments on Operating Environment and Future Outlook - Management acknowledged ongoing challenges from supply chain disruptions and rising commodity costs but expressed confidence in the company's ability to navigate these issues [71][72] - The company anticipates continued strong demand for its brands and expects to deliver record performance for the fiscal year [61][64] Other Important Information - The company has repurchased over 300,000 shares and ended the quarter with $265 million in cash, maintaining a net debt leverage ratio of 0.4x [51][56] - The company is investing in digital transformation, including a new ammo subscription program to meet consumer demand [23][108] Q&A Session Summary Question: Concerns about second half earnings compared to the first half - Management explained that the first half benefited from favorable commodity pricing and that SG&A costs are expected to rise, impacting margins [76][77] Question: Impact of supply chain constraints on outdoor products - Management indicated that demand was strong but some sales may shift to future quarters due to ongoing logistics challenges [80][82] Question: Seasonality of Foresight Sports business - Management noted that while there is some seasonality, Foresight is expected to perform well and meet or exceed expectations [88] Question: Pricing environment in ammunition - Management confirmed that they have taken price increases but do not anticipate significant future increases due to strong demand [92][95] Question: Brand segmentation between Federal and Remington - Management emphasized the loyalty of customers to both brands and the strategy to innovate and cater to their specific needs [99][102] Question: Digital growth and direct-to-consumer efforts - Management acknowledged that while digital sales are growing, the primary focus remains on servicing their dealer base [107][108] Question: Ammo backlog and production capacity - Management confirmed that the ammo backlog is at an all-time high and that they are investing in equipment to increase production flexibility [96][130]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 26, 2021 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 1-36597 Vista Outdoor Inc. (Exact name of Registrant as specified in its charter) Delaware 47-1016855 (State or other jurisdiction of incorpor ...

BRINGING THE WORLD OUTSIDE VISTA OUTDOOR INC. (NYSE: VSTO) CL King's 19th Annual Best Ideas Conference September 14, 2021 FORWARD LOOKING STATEMENTS Certain statements in this press release and other oral and written statements made by Vista Outdoor from time to time are forward-looking statements, including those that discuss, among other things: Vista Outdoor's plans, objectives, expectations, intentions, strategies, goals, outlook or other non-historical matters; projections with respect to future revenu ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 27, 2021 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 1-36597 Vista Outdoor Inc. (Exact name of Registrant as specified in its charter) Delaware 47-1016855 (State or other jurisdiction of incorporation ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended March 31, 2021 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period to Commission file number 1-36597 Vista Outdoor Inc. (Exact name of Registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) Delaware 47 ...