Vista Outdoor has reported sales decline for the first quarter, with management expecting quarter-over-quarter improvement throughout the rest of the year.

Sales for the three months ended June 30 dipped 7.1 per cent year-on-year to $644 million, driven by lower volume and partially offset by increased government sales at Revelyst and increased prices at The Kinetic Group.

Revelyst, which owns outdoor brands such as Fox, Bell and Simms Fishing, saw a 13.6 per cent sales decline to $274 million. The company attributed this to pre-order delivery timing delays, unfavorable product mix toward lower price-point channels and lower royalty revenues.

“Revelyst made progress implementing our actionable standalone strategy to drive value creation in the first quarter amid continued market headwinds in certain segments,” said Eric Nyman, Co-CEO of Vista Outdoor and CEO of Revelyst. 

“This gives us confidence in our full-year financial targets as we seek to show sequential quarter-over-quarter improvement throughout the year.”

At The Kinetic Group, which manages shooting equipment brands such as CCI, Federal and Remington, sales fell 1.6 percent to $370 million, due to lower shipments across nearly all categories.

“The team continues to navigate a dynamic environment, including a global powder shortage, increasing input costs including for copper and powder, and competitive market pricing, with a continued focus on execution and delivering on our financial expectations,” said Jason Vanderbrink, Co-CEO of Vista Outdoor and CEO of The Kinetic Group. 

On the bottom line, Vista’s net income decreased to $57 million, and adjusted EBITDA declined 11.3 per cent to $110 million.

For the full year, the company expects sales to be in the range of $2.665 billion to $2.775 billion, and adjusted EBITDA of $410 million to $490 million.