earnings
confidence high
sentiment negative
materiality 0.70
American Outdoor Brands Q1 FY23 net sales $43.7M, down 28% YoY; Adj EBITDAS margin 3.2%
American Outdoor Brands, Inc.
2023-Q1 EPS reported
-$0.42
revenue$43,676,000
- Q1 FY23 net sales $43.7M vs $60.8M YoY (-28%); gross margin 43.6% vs 47.7%.
- Adjusted EBITDAS fell to $1.4M (3.2% margin) from $9.6M (15.7%) in Q1 FY22.
- Outdoor Lifestyle grew to 53% of sales (from 42%); Shooting Sports declined 42% YoY.
- MEAT! Your Maker brand sales up 169% YoY; DTC-only brands delivered >15% of Q1 sales.
- Long-term target unchanged: $400M+ net sales, mid-to-high teens Adj EBITDAS margin.