earnings
confidence high
sentiment negative
materiality 0.75
American Outdoor Brands reports FY2022 net sales $247.5M, GAAP net loss $64.9M on $67.8M impairment
American Outdoor Brands, Inc.
- Full year net sales $247.5M, down 10.5% YoY from $276.7M; GAAP net loss $64.9M ($4.66/sh) vs prior year net income of $18.4M.
- Q4 net sales $45.9M, down 28.8% YoY from $64.5M; GAAP net loss $76.7M ($5.71/sh) vs prior year net income $1.2M.
- Goodwill impairment charge of $67.8M drove GAAP losses; non-GAAP diluted EPS $0.71 for full year, $0.14 for Q4.
- Full year gross margin improved 40 bps to 46.2%; e-commerce channel sales $97.4M, traditional $150.1M.
- Completed $15M share repurchase program in FY2022; acquired Grilla Grills, expanding into grilling market.