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.

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Sinclair Broadcast to trade under new holding company called Sinclair Inc.Sinclair Broadcast Group Inc. said Monday it is reorganizing into a new holding company called Sinclair Inc., which will become the publicly traded parent.... Interesting! What does this mean for Sinclair Broadcast?
Source: MarketWatch - 🏆 3. / 97 Read more »