and sales as inflation. challenges freight costs, Thank XX%. XX% remains $XXX you, to approximately external over higher margins solid we labor been of we’ve Shelly. sales from Quarter increased absorb input the Good direct-to-consumer morning, despite navigating two everyone, last and EBITDA another welcome. We strong rising million, including quarter posted Adjusted up the with year.
well largely inflation which EPS, by XX%, driven we expense. higher as operating interest $X.XX due costs, Lastly, higher down recorded was to as in
higher two of sales, For additional year. in compared period that FYXXXX the absorbed first to and the costs we quarter year have prior last a and quarters same $XX in was million chain, other context, input supply freight, in period We second EPS. EBITDA estimate tariff record our as
supply However, expanding chain benefit we are said, and lower It year. fiscal of next from growth likely long-term we a FYXXXX. continue our this will costs future for in profitability. investing That year not anticipating any to execute strategy benefits be
successfully to increased eight TAM, to outdoor – broadened consumers a to have resilient across acquisitions and with and activities. brand expertise a strong of the team environment of execution that serve serve platforms leading variety challenging a a to navigate We is This deepened diversified brands adjust with our quickly. closed the nimbleness our now macroeconomic our result have and further portfolio best and leading dedicated
to earnings meetings, your Andy. closely I conferences He role. been and of Before and last him of moment team. take leadership, very together to and we has look luck wish the will is over last move has and newest and of the have preparations. at terms I’m tenure, from Keegan, our with Vista investor Sudhanshu. our part foundation. his significantly role. rating improved Thank this many Interim Andy, debt will our that joining continued during interim for has his for do And predecessor two-plus thank Sudhanshu time we valuable experience in a accounting its on, refinancing and in X.X opportunity worked of our you Andy have our we financial best our Outdoor, leadership issuance. know met been great Sudhanshu, upgrades a his a also want in excited to In part CFO, I debt on finance, I’m completing today. who extensive call better of Andy and have most years, him, well a and us This and Andy at the debt you, years, well as and and instrumental as Andy Sudhanshu be confident is is forward he rates next Deloitte.
turn themes let’s to Now, our key today.
dynamic how Following more the are: with ever, call, why I and one, are profitable want sheet flow; is two, illustrate years. environment. themes in Vista that our fundamentals pre-pandemic key the strong three Outdoor actions we geopolitical we themes three, than in free of solid our Sporting taking is cash and segments, mitigate two and Those healthier sustainable risks business our Outdoor’s walk and to you balance robust and performance away the believe underlying Products; global this key macroeconomic Products that to than more and
will win to team right future. actions to the thrive and these us believe have position We in the
discuss third approximately largest the we in inception the the million fundamentals, sales driving with Products. FYXXXX, quarter Sporting at let’s strong Remington U.S. of to $XXX starting its QX during underlying as $XX acquired factory restarted First, manufacturer, sales first in from today. ownership annual the ammunition We million
in acquisitions strategic X.XX mix FYXXXX, that FYXXXX. these FYXXXX profitable Prior are manufactured QX at leverage We more and primarily as refocus acquisitions, was rifle product heavily such less the Lake non-lead and also small HEVI-Shot hunting mix manufacturer our to leading In we volatile Plant. our weighted Army calibers the products, to these ammunition acquired product and City loads on shotshells. Ammunition shotshell towards X.XX,
our categories able is to far the ammunition that slowing in demand our are steadier, factories, continue player now demand mix. demand by where channel business capture calibers we market. where synergies that Moreover, Today, will stockpiling product supply refocus and the unit agreements are profitable in expect orders X. allowing product accumulating in now leading being were conditions, on low high we driven than which often produce additional sporting be and focused before Remington and regardless politically supply possible routing. us and rather X.XX channel October usage inventory, our strategic a business City driven ended less more With at results given experiencing have resulted whereas in agreement Lake sell to primarily to inventory is low-cost to coming the acquisitions years the decisions X.XX, and our forced minimum shotshell now us made loss. HEVI-Shot through on than by previous us categories of two product with hunting, Our we required see market business This other to that
moment. see dive in We meaningful in standards profitability also gains expect efficiency to let this future I’ll bring Jason and deeper the in our to as we facilities Idaho. up facility Remington legacy the the into a of Minnesota
FYXXXX Turning portfolio new the to to product grow innovation, expansion from of our Outdoor growth driven pre-pandemic our FYXXXX, In compared expect DXC by share in revenues organic and Products. market implementing fundamentals XX% as we underlying strong or by to brand and gains our capabilities. annual over
that organic we will addition in invested to we drive two last In growth, the returns in long-term. acquisitions expect also six strong years
of expands acquisitions each and Importantly, TAM contributes our higher-than-average these margins.
across FYXXXX, For included billion $XXX approximately we for sales Products direct expect brands. we our FYXXXX XX comparison, a the business our periods. across $X.XX In and these outdoor comparison were sales Outdoor to brands. FYXXXX million XX approximately have accessories results Outdoor Products be that Note over
brands, This our in improved ago, last enabling QX sales as improve room Adjusted than in same year. downturns. FYXXXX and FYXXXX. as of economic contributing to we increased further over Products stable Our XXX FYXXXX be grow we strongest compared to to headwinds at that more I compared period DXC also enterprise-wide us to significant cost Despite us we five despite significant under-indexed DXC have growth, years brands family as sales. over and brands, when the the gives of year-to-date leading now to capabilities. contains capabilities came that family have QX FYXXXX most each have Vista the time. EBITDA margins XXX% annual $XXX the this better in continue million nearly didn’t XX to basis Outdoor have Recall manage power points
Sporting a our supply Our disruptions excellence experienced demonstrated scale by also Products was our been has to to center benefit in service and to Products over years. ability using last and of have two team our supply significant segments, the clearly to improve to levels. This our Outdoor chain pricing leverage minimal both
up and rising were by to other we inputs example, commodity ramp multiple securing able For demand supplier options. brass with
XX capability our of new to customers. in manage resources ensuring We introductions by could secure our local having a quality, Asia it over to critical product was with COVID and This strong have during we sourcing to product people. deliver built success a team and
sourcing for team is our diversify in making our good CamelBak, key and our Giro Additionally, China Bell efforts to from progress chain Golf, away products. Bushnell supply
to costs actions, future and footprint our fixed will across of We through have further cost improved efficiency, our as U.S. distribution closer space which in organizations improved this have will productivity In the September, SaaS-based and leverage. move one long-term. provider. multiple actions and through say, but distribution including variety we And reduce profitability XX with capabilities of gold our we we best-in-class procurement Vista consolidating DXC which the Needless also consumers. drive a consolidation, improved global not generate to strategic and analytics improving world’s awarded to a growth was several Outdoor top products only to were leisure the medallion implemented intelligence named have by grow Beroe, procurement brands,
cash theme and robust our flow. Our second sheet is solid free balance key
rates improved through First, financing years. over better lower have last and three our terms we the
received also with one XX rating and past from the upgrades debt from Moody’s. three have We two S&P over months,
FYXXXX. times from XXXX times have in lastly, And times ratio times net X.X QX ratio this from year, we fiscal year-end. our improved QX X.X our X at XXXX end fiscal Second, fiscal debt-to-EBITDA our over X.X our the to leverage improved at debt-to-equity at of year-end of to
months up Regarding year-over-year. million, the free of generated XX% cash have first in six FYXXXX, flow, $XXX we
is us environment, to the theme taking key position which we risk third the Our in future. will in actions are current better mitigate
POS Products inventory, continuing inventory, better for through we managing noted couple As the current product to costs reductions. weeks monitor supply, productivity our controlling on we in a quarter, trends. to reducing DXC SKU controlling are by of quarters of I been with demand and our mix can focused orders Outdoor managing improving align buy With activity slowing and and of what while we’ve regards last to
to over million ago. QX year million $XX our at sequentially also For example, as inventory in-transit from a has end It declined declined the QX. of $XX compared
QX total Rising XX%, of acquisitions. inventory. inflation inventory cost increased increased excluding also our our Additionally, has the
into price the mid-tier the expanded inventory demand and in higher pockets to of retail accessory bikes, for which our channel, we have for seeing at particularly are As we outdoor opening mass due price look in products points, channel business. now at points, slowing
promotions DXC retain participating level including and at we share the protects our and across brands long-term. all our strategically that However, right channels, and ways and in are leveraging competitiveness
element is controlling control and can costs. we that focused reducing and Another are on
This sales while looking includes trends, sales those we demand of spend to with return. that touch all to variety example, investments drive and current evaluate and consumer have marketing for investments For marketing a towards and in continue a better opportunities points. across align will to higher reallocate
brands evaluate SKUs. our also Lastly, over brands reduced across have product to years, over innovation One improved productivity. the today. which continue nearly in is continue on productivity with have higher accessories new last example our four to we product XX% the prioritize to driving four SKU outdoor SKU years by count Other focused last the productivity drive offerings and
on it I Before Jason spend. a I wanted update upcoming commentary Products our Sporting segment brief hand to provide to on over our performance, for additional
creates set own each an and previously value. largest will specific an in near of two of focus two is public their allocate revenue outdoor support with of create opportunity resources further their This in our of to to segment and Products companies As we strategic size this spin-off competitive unlock traded opportunity of The growth enhance needs believe mentioned, publicly operational companies, equal the drivers. company to advantages. Outdoor shareholder the each
allocation a and benefits Additional capital strength expand opportunities. strategic attract talent top priorities, ability tailored retain growth include to and and
value did. As committed fall, were once XX quarter, with and file this first complete, and is and publicly the to made obtain the we XX the SEC we we opportunity anticipate creation milestone by the presented separation. sharing to expecting This we mentioned Form confidentially approval Form we’re last the we the and SEC’s
year calendar it XXXX. Jason. on are that, over I’ll track hand Jason? to With complete in We it to
