For the second quarter of fiscal year 2021, outdoor products retailer American Outdoor Brands Inc. (AOUT) announced earnings. The news was a catalyst of growth of more than 11 percent in the company’s stock while trading on December 16.
American Sporting Brands once started off as the firearms brand of Smith & Wesson. The firms eventually broke up, though, and now American Outdoor Brands concentrate solely on the marketing of goods for outdoor recreation, leisure, travel, etc.
Even if you’re not actively in crypto, you deserve to know what’s actually going on...
Because while leading assets such as Bitcoin (BTC) and Ethereum (ETH) are climbing in value, a select group of public “crypto stocks” are surging right along with them. More importantly, these stocks are outpacing the returns these leading crypto assets aren already producing.
Click here to get the full story… along with our long list of backdoor Bitcoin strategies. It’s free.
American Outdoor Brands produced more than $79 million in sales in the second quarter of fiscal 2021, up 66 percent year on year. Part of the rise was presumably attributed this year to a transition in the holiday schedules of Americans. Closed because of the pandemic, resorts have raised demand in motorhome travel for families (their sales have also increased). American Outdoor Brands stores have only a range of items, such as folding chairs, tents, cooking equipment, etc; those are required for such trips. Management reports that the e-commerce segment grew almost three times in the past year, which was in line with general retail patterns.
Earnings of $0.77 per share were posted by American Outdoor Brands in the period, well above Wall Street estimates. The gross margin improved to 46.9%. With a GAAP income that has not accomplished the goals and made up of $0.52 per share, the figure remained below estimates. This was still a good indication, though, since the organization had made a loss before.
American Outdoor Brands expects $235 million to $245 million in full-year revenues, with earnings per share in the range of $0.52 to $0.7.
American Outdoor Brands, Inc. (AOUT) was up +1.84% on Wednesday to settle at $17.12. Over the week, the stock has lost -5.73 percent but the gain is more than 10 percent since its IPO which was on August 10, 2020.