Vista Outdoors, the parent company of Simms Fishing, slashed its guidance due to weakness in the Outdoor Products segment. The reduction was blamed on below-plan results for the fiscal second quarter ending September as well as indications from Vista’s Outdoor Products’ retail partners that they’ll continue to focus on destocking efforts and conservative buying stances in the near term.
Companywide sales are now expected in the range of $2.725 billion to $2.825 billion, down from previous guidance between $2.85 billion to $2.95 billion.
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