earnings
confidence high
sentiment negative
materiality 0.80
American Outdoor Brands Q1 FY2023 net sales down 28.1%, GAAP loss $0.42/share
American Outdoor Brands, Inc.
2023-Q1 EPS reported
-$0.42
revenue$43,676,000
- Net sales $43.7M, down 28.1% YoY; e-commerce up 23.7%, traditional down 47.6%.
- GAAP net loss $5.7M ($0.42 loss per diluted share) vs net income $3.5M ($0.24) last year.
- Non-GAAP net income $84k ($0.01 EPS) vs $6.8M ($0.48 EPS); Adjusted EBITDAS $1.4M vs $9.6M.
- Facility consolidation of Crimson Trace, Grilla ops into Missouri; expects ~$1.5M annual savings.
- No formal guidance; revenue for FY2023 could exceed pre-pandemic FY2020 by up to 25%.