American Outdoor Brands Q3 net sales $50.9M, down 27% YoY; GAAP EPS -$0.21, non-GAAP $0.13

American Outdoor Brands, Inc.

2023-Q3 EPS reported -$0.61 revenue$149,006,000

Net sales $50.9M, down 27.4% YoY; e-commerce $24.5M (-30.8%), traditional $26.4M (-23.9%).
Gross margin 47.1% (+130 bps); Adjusted EBITDAS $3.3M vs $10.5M in Q3 last year.
GAAP net loss $2.9M ($0.21 loss per diluted share); non-GAAP net income $1.7M ($0.13 per share).
Operating cash flow $18.1M; inventory reduced $5.9M; paid down $10M on line of credit; repurchased $1.8M stock.
FY 2023 net sales expected to exceed pre-pandemic FY 2020 by up to 13% (unchanged or updated guidance).

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.85

American Outdoor Brands, Inc. reported third quarter of fiscal 2023 ended January 31, 2023 results: revenue $50.9 million.

Period: third quarter of fiscal 2023 ended January 31, 2023
Revenue: $50.9 million
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 Third Quarter Fiscal 2023 Financial Results · Net Sales $50.9 Million · Gross Margin 47.1% (+ 130 Basis Points) • E-commerce Sales $24.5 Million -- Traditional Sales $26.4 Million • Operating Cash Flow of $18.1 Million COLUMBIA, Mo., March 9, 2023

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Source: SEC EDGAR

accession 0000950170-23-007003

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