Vista Outdoor stock falls more than 5% after company announces layoffs, cost cuts

Shares of Vista Outdoor Inc.

dropped more than 5% in the extended session Monday after the outdoor and sporting goods maker said in a filing it was embarking on a more than $50 million cost reduction and “earnings improvement” program. The company, whose brands include Bell helmets, Camelbak water bladders, and Bushnell riflescopes and other products, said that the plan includes office closures, spending cuts, EBIT improvements and headcount reductions across brands and corporate teams.

dropped more than 5% in the extended session Monday after the outdoor and sporting goods maker said in a filing it was embarking on a more than $50 million cost reduction and “earnings improvement” program. The company, whose brands include Bell helmets, Camelbak water bladders, and Bushnell riflescopes and other products, said that the plan includes office closures, spending cuts, EBIT improvements and headcount reductions across brands and corporate teams.

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