The company plans to effectively utilize its internal resources to enhance its product pipeline, pursue attractive acquisitions, and expand its e-commerce channels. “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,” Chief Executive Officer Chris Metz said. The robust first-quarter performance allowed the company to expand its free cash flow to $73 million. E-commerce sales were the star of the quarter, registering 40% growth compared to the same period last year. As a result, adjusted earnings per share grew by a mammoth 738% to 51 cents compared to the prior-year period. Its first-quarter results were impressive, as revenues grew 10% with a 17% increase in shooting sports sales. Hence, VSTO stock is up about 308% year-to-date. The company has had its fair share of ups and downs, but recent headwinds led to a surge in demand. Vista Outdoor is a reputable outdoor sporting goods, ammunition and gun accessories manufacturer. Let’s now specifically look at some of the ammunition stocks which have benefited from the recent demand spike: 10 Long-Term Stocks to Buy to Profit From Secular Trends.With the continuing protests and the general election on the horizon, these stocks will continue to perform exceedingly well. It is surprising that a lot of these ammunition stocks outperformed some of the biggest tech companies. As a result, U.S.-listed gun and ammunition stocks outperformed the broader market.Ī record 3.93 million background checks to buy firearms were filed in June, according to the FBI. These developments cumulatively led to a massive surge in the demand for guns. general election is in November, with the Democrats and the Republicans turning it up a notch. Apart from the novel coronavirus, the murder of African-American George Floyd led to widespread protests and civil unrest. 2020 has been a tumultuous year for everyone, but a tad more capricious for the U.S.
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