Anti-Gun Movement Is Infecting an Outdoor Brand’s Other Products - News Summed Up

Anti-Gun Movement Is Infecting an Outdoor Brand’s Other Products


On Friday, the stock of Vista Outdoor was down 7.3 percent at the close of the market. But its outdoor products group, which makes up about half of its sales and includes brands like Camp Chef outdoor cooking products, Bollé eyewear and Jimmy Stykes paddleboards, showed modest growth. Likewise, in reporting quarterly earnings Thursday, American Outdoor Brands, formerly Smith & Wesson, said that revenue from its firearms segment fell 40.6 percent, and that revenue from Outdoor Products & Accessories increased of 13.4 percent. “Our brand falls within the Outdoor Products segment of our company, which operates separately from Vista Outdoor’s Shooting Sports segment,” the company said in a statement. “It was incredibly disturbing.”On Sunday evening, Ms. Latha put up a petition on change.org demanding that Mountain Equipment stop selling brands owned by Vista Outdoor.


Source: New York Times March 02, 2018 15:25 UTC



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