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American Outdoor: Fiscal 2Q Earnings Snapshot
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After Hours Market: Apollo Endosurgery, American Outdoor, Sio Gene Gain; Penumbra, DISH Network Slip
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American Outdoor Brands, Inc. (AOUT) - Shares of the outdoor sports products retailer gained 7% after the bell on Wednesday driven by second-quarter results. Second-quarter sales rose 65.7% to $79.1 million from $47.7 million, driven primarily by increases in both e-commerce and traditional sales channels. Profit were $7.3 million or $0.52 per share, compared with a net loss of $393,000 or $0.03 per share last year. Adjusted earnings were $0.77 per share. Analysts polled by Thomson Reuters estimated earnings of
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COLUMBIA, Mo., Dec. 15, 2020 /PRNewswire/
American Outdoor Brands, Inc. (NASDAQ Global Select: AOUT), an industry leading provider of products and accessories for rugged outdoor enthusiasts, today announced financial results for the second quarter fiscal 2021, ended October 31, 2020.
Second Quarter Fiscal 2021 Financial Highlights
Quarterly net sales were $79.1 million, an increase of $31.4 million, or 65.7%, over net sales of $47.7 million for the comparable quarter last year, driven primarily by increases in both e-commerce and traditional sales channels.
Quarterly gross margin was 46.9%, an increase of 690 basis points, over gross margin of 40.0% for the comparable quarter last year.
Quarterly net income was $7.3 million, or $0.52 per diluted share, compared with a net loss of $393,000, or ($0.03) per diluted share, for the comparable quarter last year.
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