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VISTA OUTDOOR News Release For Immediate Release Media Contact : Fred Ferguson Phone : 571-343-7006 E - mail : media.relations@vistaoutdoor.com Investor Contact : Shelly Hubbard Phone : 612-518-5406 E - mail : investor.relations@vistaoutdoor.com - Vista Outdoor Announces Record FY22 First Quarter Financial Results Total Sales Increase 38 % to $ 663 Million ; Shooting Sports Sales Up 39 % ; Outdoor Products Sales Up 38 % Delivers Record EBIT of $ 144 Million and EBITDA Margin of 24 % Record GAAP EPS of $ 1.71 and Adjusted EPS of $ 1.74 Bushnell Golf Signs Exclusive Domestic Partnership with Foresight Sports ; Enters Consumer Launch Monitor and Simulation Market Anoka , MN , July 29 , 2021 Vista Outdoor Inc. ( NYSE : VSTO ) , a leading global designer , manufacturer and marketer of products in the outdoor sports and recreation markets , today reported financial results for the first quarter of its Fiscal Year 2022 ( FY22 ) , which ended on June 27 , 2021 . Exhibit 99.1 " Fiscal year 2022 is off to a terrific start with our fourth consecutive quarter of record performance due to strong demand , great execution and a powerhouse line up of innovative outdoor products , " said Vista Outdoor Chief Executive Officer Chris Metz . " The credit goes to our team who continues to tirelessly work towards being one of the industry's most admired companies while consistently delivering great shareholder returns . " We are successfully executing on our value creation framework and deploying the levers of organic growth , innovation and select acquisitions . We are driving organic growth through new product development across our family of brands . We increased R & D investment by 17 percent to accelerate the pipeline of innovative gear in high demand as more consumers are recreating outdoors . We entered the golf simulation market through an exclusive domestic partnership with Foresight Sports , the leader in golf launch monitor technology , and can't wait to introduce our new Launch Pro this Fall . And , we closed and integrated two exciting acquisitions in high growth segments playing to key market trends . The premium e - Bike brand , QuietKat , and the female , hunt - inspired apparel brand , Venor , joined the Vista Outdoor family of brands during the first quarter , " concluded Metz . For the three months ended June 27 , 2021 versus the three months ended June 28 , 2020 : Sales increased 38 ercent to $ 663 million Gross profit rose 93 percent to $ 241 million and gross profit margin improved by 1025 bps Operating expenses were 15 percent of sales and improved by 139 bps . Adjusted operating expenses were 15 percent of sales and improved by 163 bps .