Vista Outdoor Announces Strategic Business Transformation Plan

By Ammoland

Vista Outdoor Lowers Debt Year Over Year by $206 million, or 18 percent, through Strong Free Cash Flow Generation. Vista Outdoor Establishes FY19 Financial Guidance.

FARMINGTON, Utah –-(Ammoland.com)- Vista Outdoor Inc. (NYSE: VSTO) today announced its strategic business transformation plan, designed to allow the company to focus resources on pursuing growth in its core product categories. The plan is a result of a comprehensive strategic review, which began in November 2017.

“Our review identified product categories that are core to the company’s long-term business strategy,” said Vista Outdoor Chief Executive Officer Chris Metz. “We believe future investment should focus on categories where Vista Outdoor can achieve sustainable growth, maximize operational efficiencies, deliver leadership economics, and drive shareholder value.”

In conducting the strategic review, Vista Outdoor management defined several criteria to evaluate whether individual product categories are part of the company’s core. Vista Outdoor evaluated brands within its current portfolio based on their ability to do the following:

• Serve the company’s target consumer – the outdoor enthusiast
• Create cross-selling and other similar synergy opportunities
• Achieve market leading positions and leadership economics
• Demonstrate omni-channel distribution capabilities

As a result of this evaluation, and with support from its board of directors, Vista Outdoor will focus on achieving …Read the Rest

Source:: AmmoLand