Posted July 11, 2017 5:30 am by Comments

By Christen Smith

Vista Outdoor CEO Mark DeYoung announced an early retirement this week from the company he helped shape after its split from Alliant Techsystems two years ago.
Anxious for “the next phase of life,” DeYoung expressed his pride in Vista Outdoor in a statement released Monday.
“Vista Outdoor is the culmination of a vision focused on creating a world-leading outdoor recreation company,” he said. “It has been a rewarding experience to have led this great company and seen the organization evolve and succeed. I am proud of Vista Outdoor’s people, brands, portfolio and products, and I am confident in Vista Outdoor’s future. I wish the Company’s valued employees and customers all the best.”
Vista owns more than three dozen firearms, ammunition and shooting accessory companies, including Savage Arms, Stevens, Federal Premium, Speer and American Eagle.
DeYoung said in May fourth quarter sales for the company dropped nearly 12 percent as inventory levels industry-wide balance out — a side effect of President Donald Trump’s unexpected win last year.
“I don’t have any real concerns about the long-term health or strength in outdoor recreation or shooting sports,” he said during a May 8 conference call with investors. “I think we are going to see that return.”
While DeYoung won’t

Source: Guns.com

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