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American Outdoor: Fiscal 2Q Earnings Snapshot
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Earnings Scheduled For December 15, 2020
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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.
Joe Biden, Covid Deaths, Amazon, Boeing - 5 Things You Must Know Tuesday TheStreet 12/15/2020
Here are five things you must know for Tuesday, Dec. 15:
1. Stock Futures Point to a Wall Street Rebound
Stock futures pointed to a rebound Tuesday after the S&P 500 fell for a fourth-straight session as surging coronavirus infections across the country renewed fears that an economic recovery could slow if lockdowns are again put in place.
The benchmark index s four-day losing streak was its longest since September.
Contracts linked to the Dow Jones Industrial Average rose 173 points, S&P 500 futures gained 23 points and Nasdaq futures were up 69 points.
Stocks week ahead: The global effort to move Covid-19 vaccines has begun
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