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Vista Outdoor fiscal Q1 profit climbs 87.8% YOY

Vista Outdoor Inc. said its normalized net income for the fiscal first quarter ended June 29 was $41.0 million, an increase of 87.8% from $21.8 million in the year-earlier period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin increased to 7.2% from 6.0% in the year-earlier period.

Total revenue rose 56.5% on an annual basis to $566.0 million from $361.7 million, and total operating expenses grew 50.4% year over year to $491.3 million from $326.6 million.

Reported net income totaled $41.0 million, compared with $21.1 million in the year-earlier period.