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20×102mm Vulcan
Vista Outdoors Ammunition Backlog Worth More Than $1B
As societal and political pressures continue to drive historic firearm and ammo sales, reports state Vista Outdoors has a massive $1B ammunition backlog.
Vista Outdoors Reports $1B Ammunition Backlog
Yes, that’s billion with a capital “B.” Fox Business reported Wednesday Vista Outdoors remains backlogged more than one year. In terms of dollars, that’s worth more than $1 billion, according to CEO Chris Metz.
“We currently have over a year’s worth of orders for ammunition in excess of $1 billion,” Metz said during the Nov. 5 call, reported Fox Business. “With demand far outstripping supply and inventory levels in the channel at all-time lows, we see strong demand continuing, and this metric informs our viewpoint of what a recovery or normalization could look like.”
Those numbers make it increasingly more clear why Vista went all-in to purchase Remington Ammunition recently. When the company spun off Savage Arms and other firearms business, it raised eyebrows. But then Vista laid down $81.4 million to acquire Remington Ammunition. But when you’ve got a billion to make in backorders, that’s merely a drop in the bucket.
www.personaldefenseworld.com
As societal and political pressures continue to drive historic firearm and ammo sales, reports state Vista Outdoors has a massive $1B ammunition backlog.
Vista Outdoors Reports $1B Ammunition Backlog
Yes, that’s billion with a capital “B.” Fox Business reported Wednesday Vista Outdoors remains backlogged more than one year. In terms of dollars, that’s worth more than $1 billion, according to CEO Chris Metz.
“We currently have over a year’s worth of orders for ammunition in excess of $1 billion,” Metz said during the Nov. 5 call, reported Fox Business. “With demand far outstripping supply and inventory levels in the channel at all-time lows, we see strong demand continuing, and this metric informs our viewpoint of what a recovery or normalization could look like.”
Those numbers make it increasingly more clear why Vista went all-in to purchase Remington Ammunition recently. When the company spun off Savage Arms and other firearms business, it raised eyebrows. But then Vista laid down $81.4 million to acquire Remington Ammunition. But when you’ve got a billion to make in backorders, that’s merely a drop in the bucket.
REPORT: Vista Outdoors Ammunition Backlog Worth More Than $1B
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www.personaldefenseworld.com
