From Fox Business:
Vista Outdoors reports ammunition backlog of over $1B
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.”
One billion dollars in backorders.
Yup.
I’m guessing most of the differential increase over normal sales is going into long term storage – if nothing else, lots of ranges have been closed due to Wuhan, so less opportunity for many people to use it. At some point the industry should catch up.
I’m just hoping we don’t lose good ammo makers in the meantime.
Between COVID, riots, and Biden I have done something I never thought I would do. I bought a fair amount of Wolf/Tula ammo because that’s all I could find. Arrgh!
Hey, man, you gots a dime bag? I need a hit some steel! Ah’m really jonesin’ here, man.
Help a buddy out? I gots to get some raaaaange time! 😮