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Vista Outdoor announced substantial price increases for its ammo and gunpowder products starting January 1, 2024.
This decision is in response to an anticipated global shortage of gunpowder and increased costs from suppliers.
“Due to world events our suppliers have notified us of unprecedented demand for and an anticipated global shortage of gunpowder, and thus has increased our prices substantially,” Vice President of Sales, Sporting Products Brett Nelson said in the letter dated Dec. 1.
SEE ALSO: Vista Outdoor Sells Federal, CCI, Hevi-Shot, Remington Ammo & Speer for $1.91 Billion
“We must therefore raise our pricing to help offset those increases,” he added.
Newsweek confirmed the authenticity of the letter.
The price hike will affect various products, including shotshells, rifle, handgun, 22LR/Shorts, WMR/HMR ammunition, primers, and Alliant Powder.
Here’s the breakdown:
- Shotshell: 1-7 percent
- Rifle: 1-7 percent
- Handgun: 1-5 percent
- 22LR/Shorts: 1-5 percent
- WMR/HMR: 1-7 percent
- Primers: 5 percent
- Alliant Powder: 10 percent (limited availability).
Specific pricing details will be released in the coming weeks.
The company attributes the rise in ammunition demand partly to recent global events. It also informed customers that it will “reprice all existing and future orders shipped on or after Jan. 1st, 2024 to the new prices.”
Vista Outdoor, the parent company to numerous firearms businesses, just dropped a bombshell about a significant increase in ammunition prices. According to Newsweek, they're citing an "anticipated global shortage of gunpowder" as the primary reason.
— Colion Noir (@MrColionNoir) December 13, 2023
Ammunition has always been… pic.twitter.com/8CgmPIdKab
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