American Outdoor Brands Q2 net sales $54.4M, down 23%; GAAP EPS $0.03 vs $0.32

American Outdoor Brands, Inc.

2023-Q2 EPS reported -$0.40 revenue$98,112,000

Net sales of $54.4M declined 23.1% YoY; e-commerce down 17.5%, traditional down 26.6%.
GAAP net income $370k ($0.03 per diluted share) vs $4.6M ($0.32) last year.
Gross margin improved 100 bps to 47.7%; non-GAAP net income $4.0M ($0.29) vs $8.3M ($0.58).
Direct-to-consumer sales surged 119.1%; new products launched in past 2 years generated 30% of sales.
Completed facility consolidations expected to yield $1.5M annual cost savings; bought back $750k stock.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

American Outdoor Brands, Inc. reported the second quarter of fiscal 2023 ended October 31, 2022 results: revenue $54.4 million, net income $370,000, EPS $0.03 per diluted share. Guidance reaffirmed.

Period: the second quarter of fiscal 2023 ended October 31, 2022
Revenue: $54.4 million
Net income: $370,000
EPS: $0.03 per diluted share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

AOUT Contact: Liz Sharp, VP, Investor Relations lsharp@aob.com (573) 303-4620 American Outdoor Brands, Inc. Reports Second Quarter Fiscal 2023 Financial Results · Net Sales $54.4 Million · Gross Margin 47.7% (+ 100 Basis Points) • E-commerce Sales $22.7 Million -- Traditional Sales $31.7 Million • Direct-to-Consumer Sales Growth of 119.1% COLUMBIA, Mo., December

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Source: SEC EDGAR

accession 0000950170-22-025953

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