Workflow
American Outdoor Brands(AOUT)
icon
Search documents
American Outdoor Brands(AOUT) - 2025 Q2 - Quarterly Results
2024-12-06 11:52
Exhibit 99.1 1800 N Route Z Columbia, MO 65202 (800) 338-9585 NASDAQ: AOUT Contact: Liz Sharp, VP, Investor Relations lsharp@aob.com (573) 303-4620 American Outdoor Brands, Inc. Reports Second Quarter Fiscal 2025 Financial Results • Net Sales $60.2 Million – Up 4.0% Y/Y • Gross Margin 48.0% - Up 230 Basis Points • GAAP Net Income $3.1 Million or $0.24 Per Diluted Share • Non-GAAP Net Income $4.9 Million or $0.37 Per Diluted Share • Non-GAAP Adjusted EBITDAS of $7.5 Million, Up 42.9% • Traditional Channel Ne ...
American Outdoor Brands(AOUT) - 2025 Q2 - Earnings Call Transcript
2024-12-06 00:48
Financial Data and Key Metrics Changes - Net sales for Q2 were $60.2 million, a 4% increase from $57.9 million in Q2 last year [28] - Adjusted EBITDAS grew by 43% year-over-year, reaching $7.5 million compared to $5.2 million last year [10][37] - Gross margin for Q2 was 48%, up 230 basis points from 45.7% in Q2 last year [33] - GAAP EPS was $0.24 for Q2, compared to $0.01 for the same quarter last year, while non-GAAP EPS was $0.37 compared to $0.25 [36] Business Line Data and Key Metrics Changes - Outdoor Lifestyle category net sales grew by 5.4%, driven by strong performance from MEAT, BOG, and Grilla brands [29] - Shooting Sports category net sales increased by nearly 2%, with strength in shooting accessories offsetting a slight decline in personal protection products [30] - Positive growth was reported across all sales channels, including traditional, e-commerce, domestic, and international [11] Market Data and Key Metrics Changes - International net sales reached $3.4 million, representing nearly 15% year-over-year growth and comprising roughly 6% of total net sales [32] - The company noted a 1% increase in adjusted NICS background check results, which aligns with the performance in the shooting sports category [31] Company Strategy and Development Direction - The company aims to leverage its innovation advantage to widen distribution, expand brand awareness, and enhance profitability while remaining agile and asset-light [9][25] - Strategic investments in product development and distinctive merchandising solutions are key components of the company's long-term strategy [12][14] - The company plans to showcase new products at the SHOT Show, emphasizing its role as a cross-category innovation partner [17][18] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the long-term sales outlook due to positive retailer reception and strong early order indications for new products [55][86] - The company increased its net sales guidance for FY'25 to a range of $205 million to $210 million, reflecting a growth expectation of 3.2% at the midpoint [45] - For FY'26, the company anticipates net sales between $220 million and $230 million, representing growth of 8.4% at the midpoint [49] Other Important Information - The company ended Q2 with cash of $14.2 million and no debt, having repurchased approximately $1 million of common stock [38] - A new $10 million share repurchase program was approved, effective from October 2024 through September 2025 [44] Q&A Session Summary Question: Insight into the purchasing timeline for retailers - Management noted that purchasing decisions typically occur around Q2 and extend into early February, with retailers eager to increase foot traffic through innovative products [53][55] Question: Performance of products in the shooting sports market - Management highlighted that while there was softness in personal protection products, the shotgun sports category has shown strong growth, diversifying revenue streams [58][61] Question: Changes in capital allocation philosophy regarding investments and M&A - The company maintains a three-pronged capital allocation strategy focusing on organic growth, M&A opportunities, and share buybacks, with a disciplined approach to capital allocation [65][66] Question: Acceleration in sales outlook for fiscal '25 - Management indicated that the acceleration in sales is driven by a broad willingness among retailers to adopt innovative products across the entire portfolio [76][80] Question: Gross margin headwinds and tariff exposure - Management discussed expected headwinds from tariff amortization and the fluid situation regarding tariffs, emphasizing a focus on innovation and agility [89][92] Question: M&A opportunities and activity - Management noted a slowdown in M&A activity in the shooting sports sector but identified more opportunities in the outdoor lifestyle segment, including adjacent markets [106][110]
American Outdoor Brands, Inc. (AOUT) Beats Q2 Earnings and Revenue Estimates
ZACKS· 2024-12-05 23:26
American Outdoor Brands, Inc. (AOUT) came out with quarterly earnings of $0.37 per share, beating the Zacks Consensus Estimate of $0.22 per share. This compares to earnings of $0.25 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 68.18%. A quarter ago, it was expected that this company would post a loss of $0.03 per share when it actually produced earnings of $0.06, delivering a surprise of 300%. Over the last four quarters, ...
American Outdoor Brands(AOUT) - 2025 Q2 - Quarterly Report
2024-12-05 21:15
Financial Performance - Net sales for the three months ended October 31, 2024, were $60.2 million, an increase of $2.3 million or 4.0% compared to the same quarter last year, driven primarily by increased sales in the outdoor lifestyle category [74]. - Gross margin for the same period was 48.0%, an increase of 230 basis points year-over-year [74]. - Net income for the three months ended October 31, 2024, was $3.1 million, or $0.24 per diluted share, compared to net income of $77,000, or $0.01 per diluted share for the same quarter last year [74]. - For the six months ended October 31, 2024, net sales were $101.9 million, an increase of $499,000 or 0.5% over the prior year [75]. - Gross margin for the six months ended October 31, 2024, was 47.0%, an increase of 140 basis points compared to the prior year [75]. - Operating income for the three months ended October 31, 2024, was $3.1 million, a significant increase of $3.1 million compared to a loss of $22,000 in the same quarter last year, resulting in an operating margin of 5.1% [92]. - Net income for the six months ended October 31, 2024, was $746,000, compared to a net loss of $4.0 million in the prior year, marking an increase of $4.78 million [98]. - Adjusted EBITDAS for the three months ended October 31, 2024, was $7.49 million, compared to $5.24 million for the same period last year [102]. Sales Channels - E-commerce channel net sales for the three months ended October 31, 2024, increased by $820,000, or 3.5% year-over-year [80]. - International net sales for the three months ended October 31, 2024, increased by $436,000, or 14.8%, primarily due to increased sales in Canada [81]. - Traditional channel net sales increased by $1.6 million, or 2.6%, over the prior year comparable period, driven by higher sales of shooting accessories and hunting products [87]. - New products represented 21.5% of net sales for the three months ended October 31, 2024 [82]. - For the six months ended October 31, 2024, new products accounted for 22.7% of net sales [88]. Expenses and Cost Management - Research and development expenses increased by $191,000 (11.4%) for the three months ended October 31, 2024, compared to the same period last year, primarily due to higher consulting and third-party service expenses [90]. - Total operating expenses decreased by $675,000 (2.5%) for the three months ended October 31, 2024, with operating expenses as a percentage of net sales improving to 42.9% from 45.8% [90]. - For the six months ended October 31, 2024, total operating expenses decreased by $2.98 million (5.9%), with operating expenses as a percentage of net sales improving to 46.5% from 49.6% [91]. - Selling, marketing, and distribution expenses decreased by $441,000 (2.9%) for the three months ended October 31, 2024, primarily due to lower advertising expenses [90]. Cash Flow and Capital Expenditures - Cash used in operating activities was $12.3 million for the six months ended October 31, 2024, compared to $3.2 million for the same period in 2023, reflecting a 282.2% increase [107]. - Cash used in investing activities was $1.6 million during the six months ended October 31, 2024, unchanged from the prior year [108]. - Cash used in financing activities was $1.6 million for the six months ended October 31, 2024, primarily due to $1.4 million used to repurchase 153,497 shares of common stock [109]. - The company expects to spend approximately $3.5 million to $4.5 million on capital expenditures in fiscal 2025, a decrease of $1.5 million to $2.5 million from the $6.0 million spent in fiscal 2024 [108]. - As of October 31, 2024, the company had $14.2 million in cash equivalents, down from $29.7 million as of April 30, 2024 [111]. Future Outlook and Risks - The company plans to utilize cash flows for business investments, including research and development for new product initiatives and potential acquisitions [103]. - The company anticipates that future capital requirements will depend on various factors, including net sales and product development efforts [110]. - The company may face limitations in taking advantage of business opportunities if sufficient funds are not available on acceptable terms [110].
American Outdoor Gears Up for Q2 Earnings: What's in the Offing?
ZACKS· 2024-12-03 16:10
American Outdoor Brands, Inc. (AOUT) is scheduled to report second-quarter fiscal 2025 results on Dec. 5, after the closing bell. In the last reported quarter, AOUT's earnings beat the Zacks Consensus Estimate by 300%. AOUT's Q2 Estimates The Zacks Consensus Estimate for second-quarter fiscal 2025 earnings is pegged at 22 cents per share, suggesting a 12% year-over-year decline. Estimate revisions have been unchanged in the past 30 days. The consensus mark for revenues is pegged at $53.3 million, implying a ...
Recent Price Trend in American Outdoor Brands (AOUT) is Your Friend, Here's Why
ZACKS· 2024-11-08 14:56
While "the trend is your friend" when it comes to short-term investing or trading, timing entries into the trend is a key determinant of success. And increasing the odds of success by making sure the sustainability of a trend isn't easy.The trend often reverses before exiting the trade, leading to a short-term capital loss for investors. So, for a profitable trade, one should confirm factors such as sound fundamentals, positive earnings estimate revisions, etc. that could keep the momentum in the stock aliv ...
3 Stocks Positioned for Growth in a Booming Leisure Industry
ZACKS· 2024-11-04 15:45
The Zacks Leisure and Recreation Products industry benefits from macroeconomic tailwinds, particularly the Federal Reserve's interest rate reduction. A positive fitness product sales trend, driven by growing health and fitness awareness and strong boat sales, has also been witnessed. Industry participants, who design, market, retail and distribute products for the outdoor and recreation market, are witnessing solid demand. Stocks like Peloton Interactive, Inc. (PTON) , Malibu Boats, Inc. (MBUU) and American ...
Is American Outdoor Brands (AOUT) Stock Outpacing Its Consumer Discretionary Peers This Year?
ZACKS· 2024-10-31 14:45
Investors interested in Consumer Discretionary stocks should always be looking to find the best-performing companies in the group. Has American Outdoor Brands, Inc. (AOUT) been one of those stocks this year? A quick glance at the company's year-to-date performance in comparison to the rest of the Consumer Discretionary sector should help us answer this question.American Outdoor Brands, Inc. is one of 272 companies in the Consumer Discretionary group. The Consumer Discretionary group currently sits at #9 wit ...
5 Discretionary Stocks to Buy as Consumer Confidence Hits 9-Month High
ZACKS· 2024-10-30 20:01
U.S. consumers are much more confident now than they were last month. A jumbo rate cut announced last month by the Federal Reserve, coupled with optimism surrounding more interest rate cuts in the coming months, have made consumers confident about the economy's health. Given the positive sentiment, it would be ideal to invest in discretionary stocks such as American Outdoor Brands, Inc. (AOUT) , Crocs, Inc. (CROX) , Norwegian Cruise Line Holdings Ltd. (NCLH) , Netflix, Inc. (NFLX) and Mattel, Inc. (MAT) . T ...
Is American Outdoor Brands (AOUT) Outperforming Other Consumer Discretionary Stocks This Year?
ZACKS· 2024-10-15 14:46
The Consumer Discretionary group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has American Outdoor Brands, Inc. (AOUT) been one of those stocks this year? A quick glance at the company's year-to-date performance in comparison to the rest of the Consumer Discretionary sector should help us answer this question. American Outdoor Brands, Inc. is one of 272 individual stocks in the Consumer Discretionary sector. Collectively, these companie ...