8-K
filed June 28, 2023, 7:59 PM ET
ticker AOUT
CIK 0001808997
earnings
confidence high
sentiment negative
materiality 0.70
AOUT FY23 net sales $191.2M, down 22.8%; GAAP net loss $12.0M; guides FY24 up to 3.5% sales growth
American Outdoor Brands, Inc.
2023-FY EPS reported
-$0.90
revenue$191,209,000
- Full year net sales $191.2M, down 22.8% YoY; e-commerce $87.2M, traditional $104.0M.
- GAAP net loss $12.0M ($0.90 diluted EPS); non-GAAP net income $6.6M ($0.48 diluted EPS).
- Adjusted EBITDAS $12.8M (6.7% of sales) vs $35.0M (14.2%) prior year.
- Q4 net sales $42.2M (-8.0%); Q4 non-GAAP EPS $0.06.
- FY24 guidance: net sales could exceed FY23 by up to 3.5%; cash $22M, debt $5M.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 1.0
American Outdoor Brands, Inc. reported Fourth Quarter Fiscal 2023 ended April 30, 2023 results: revenue $42.2 million, net income -$3.8 million, EPS -$0.29.
- Period
- Fourth Quarter Fiscal 2023 ended April 30, 2023
- Revenue
- $42.2 million
- Net income
- -$3.8 million
- EPS
- -$0.29
- Result
- reported results
Exact text from the filing
Quarterly net sales were $42.2 million, a decrease of $3.7 million, or 8.0%, compared with net sales of $45.9 million for the comparable quarter last year. Compared with pre-COVID levels in fiscal 2020, quarterly net sales declined 2.0%, while e-commerce sales grew 0.7% and traditional channel net sales declined by 4.3%. • Quarterly gross margin was 45.2%, an increase of 140 basis points, compared with quarterly gross margin of 43.8% for the comparable quarter last year. • Quarterly GAAP net loss was $3.8 million, or $0.29 per diluted share, compared with a GAAP net loss of $76.7 million, or $5.71 per diluted share, for the comparable quarter last year.
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 1.0
American Outdoor Brands, Inc. reported Full Year Fiscal 2023 ended April 30, 2023 results: revenue $191.2 million, net income -$12.0 million, EPS -$0.90.
- Period
- Full Year Fiscal 2023 ended April 30, 2023
- Revenue
- $191.2 million
- Net income
- -$12.0 million
- EPS
- -$0.90
- Result
- reported results
Exact text from the filing
Full year net sales were $191.2 million, a decrease of $56.3 million, or 22.8%, compared with net sales of $247.5 million for the prior year. Compared with pre-COVID levels in fiscal 2020, total net sales grew 14.2%, while e-commerce sales grew 60.6% and traditional channel net sales declined by 8.0%. • Full year gross margin was 46.1%, a decrease of 10 basis points, from gross margin of 46.2% for the prior year. • Full year GAAP net loss was $12.0 million, or $0.90 per diluted share, compared with a GAAP net loss of $64.9 million, or $4.66 per diluted share, last year.
View on SEC.gov
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