Vista Outdoor’s Revelyst unit sees sales and profits decline as sale talks continue

ANOKA, Minn. (BRAIN) — Sales fell 13.6% and gross profit fell 14.2% in the latest quarter for Vista Outdoor’s Revelyst business unit, which includes bike-related brands. The company is still negotiating with two potential buyers for its Kinetic Group ammunition business and the overall business. And its management recently announced it is exploring a “full range of alternatives” for Revelyst.

For Revelyst Adventure Sports, which includes Fox Racing, Giro, Bell, CamelBak, Blackburn and QuietKat, sales fell 12% from the same period last year to $127 million.

In a statement, Eric Nyman, co-CEO of Vista Outdoor and CEO of Revelyst, said, “We continue to leverage our portfolio of category-defining Power Brands to gain market share despite challenges related to market weakness, order timing and divestitures. … At Fox, Bell, Giro and CamelBak, we are gaining share across multiple categories, including helmets, mountain bike protection and cycling hydration, despite a down market environment.”

Vista Outdoor’s board continues to recommend that shareholders vote in favor of the merger agreement with The Czechoslovak Group as (CSG), although it is considering other alternatives. The shareholders’ meeting to vote on the proposal has been postponed from July 30 to September 13.

“The Board is committed to acting in the best interests of the Company and its shareholders,” said Mike Callahan, Chairman of the Board. “…We remain as committed as ever to delivering to our consumers the standards of excellence for which Vista Outdoor is renowned, as we continue to conduct our review to discover the optimal outcome for our shareholders.”

Companywide, Vista Outdoor reported sales of $644 million in the latest quarter, the first quarter of fiscal 2025. That’s down 7% from the same period last year. Companywide operating income was $86 million, down 13%. EBITDA was $110 million, down 11%.