Vista Outdoor Inc. (NYSE:VSTO) Q3 2023 Earnings Call Transcript

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Andy Keegan: That — so on the premium I think it is split fairly well is that our premium items, aren’t seeing the same level discount. We talked about Stone Glacier not having through the holiday season. They didn’t — they weren’t seeing any discounts. So, some of our top end products aren’t seeing the same levels of discounting. The heavy — what we were talking about is during the holiday season what we did note and we noted this on our sites and in the channels is, — the — without a discount on kind of the mid-to-low-price point items, you weren’t seeing the activity. The buyers would look, but they wouldn’t purchase. They — as we go forward, that is something that we’re monitoring. We do think that promotions will be necessary especially in the retail channels to move through the inventories maybe less so on our DTC sites to try to move through that. But it is going to continue. We are — but it is more so, on the lower end price points versus the upper.

Ryan Sundby: Got it. Okay. Thanks guys.

Operator: Thank you. We have no further questions. I’ll hand back to Gary, for any closing remarks.

Gary McArthur: Okay. Let me make a few comments. As you’re aware this is a great company and we’re going to be laser focused on making it even better. We have great employees, who work really hard. I am very fortunate to be surrounded by a deep talented and experienced management team, several of which will be included in the search for the Vista Outdoor, CEO position. We have 41 iconic brands that we are going to work hard to even better leverage. We had a solid quarter, but we’re aware there’s work to be done. We are 100% committed to completing the spin in this calendar year. And we’ll be working hard towards that. And I just want to leave with you that we are very optimistic about the future. It’s bright. We’re ensuring you that we’ll be shareholder rewarding. And look forward to talking to you further. Thanks for your time today on the call.

Operator: Thank you. This now concludes today’s call. Thank you so much for joining. You may now disconnect your lines.

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