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American Outdoor Brands (AOUT) Added 10% Since IPO

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.‎

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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.‎

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