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Vista Outdoors reports a $1 Billion ammo backlog..
Looks like it's going to be a while this time.. and to think that they are just one of many companies that are likely in the same position.
https://www.foxbusiness.com/lifestyl...acklog-billion
"Big-name shooting sports company Vista Outdoor Inc. reported ?over a year?s worth? of backlogged ammunition orders worth more than $1 billion, an official said recently.
Vista was reporting its second-quarter earnings when CEO Chris Metz detailed what announced the backlog, which he called ?unprecedented? for the company.
"We currently have over a year's worth of orders for ammunition in excess of $1 billion," Metz said during the Nov. 5 call. ?With demand far outstripping supply and inventory levels in the channel at all-time lows, we see strong demand continuing, and this metric informs our viewpoint of what a recovery or normalization could look like."
Last edited by def90; 11-12-2020 at 19:53.
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