American Outdoor Brands, Inc. (NASDAQ:AOUT) Q4 2024 Earnings Conference Call June 27, 2024 5:00 PM ET Company Participants Liz Sharp - VP, IR Brian Murphy - President and CEO Andy Fulmer - EVP and CFO Conference Call Participants Mark Smith - Lake Street Capital Operator Good day everyone and welcome to the American Outdoor Brands, Inc. Fourth Quarter and Full Year Fiscal 2024 Financial Results Conference call. This call is being recorded. And at this time, I would like to turn the call over to Liz Sharp, V ...

American Outdoor Brands, Inc. (AOUT) reported break-even quarterly earnings per share versus the Zacks Consensus Estimate of $0.01. This compares to earnings of $0.06 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -100%. A quarter ago, it was expected that this company would post earnings of $0.07 per share when it actually produced earnings of $0.08, delivering a surprise of 14.29%.Over the last four quarters, the company ha ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended April 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD Commission File Number 001-39366 American Outdoor Brands, Inc. (Exact name of Registrant as specified in its Charter) Delaware (State or Other Jurisdiction of Incorporation or Organi ...

American Outdoor Brands, Inc. (AOUT) is scheduled to report fourth-quarter fiscal 2024 results on Jun 27, after the closing bell. In the last reported quarter, AOUT’s earnings beat the Zacks Consensus Estimate by 14.3%.Q4 EstimatesThe Zacks Consensus Estimate for fourth-quarter fiscal 2024 earnings is pegged at 1 cent. In the prior-year quarter, it reported adjusted earnings of 6 cents. Estimate revisions have remained stable in the past 30 days. The consensus mark for revenues is pegged at $43.2 million, i ...

COLUMBIA, Mo., June 4, 2024 /PRNewswire/ -- American Outdoor Brands, Inc. (NASDAQ Global Select: AOUT), an industry leading provider of products and accessories for rugged outdoor enthusiasts, today announced that the company's President and CEO, Brian Murphy, and Chief Financial Officer, Andrew Fulmer, will participate in the Jefferies Consumer Conference on Monday and Tuesday, June 17-18, 2024, in Nantucket, MA.For more information or to schedule one-on-one meetings, please contact your Jefferies represen ...

The Zacks Leisure and Recreation Products industry faces challenges due to high inflation and elevated interest rates. Nevertheless, there is a positive trend in sales of fitness products, driven by growing health and fitness awareness and strong boat sales. Industry participants — which design, market, retail and distribute products for the outdoor and recreation market — are witnessing solid demand. Stocks like Acushnet Holdings Corp. (GOLF) , American Outdoor Brands, Inc. (AOUT) and Lazydays Holdings, In ...

The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks.Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value investors use tried-and-true metrics and fundamental analysis ...

American Outdoor Brands, Inc. (AOUT) reported third-quarter fiscal 2024 results, with the top and the bottom line surpassing the Zacks Consensus Estimate. Both metrics beat estimates for the fourth straight quarter.Following the results, the company’s shares increased 4.8% in the after-hours trading session on Mar 7.  The company believes its brands are well-positioned to benefit from positive, long-term consumer outdoor participation trends. AOUT reaffirms its anticipation that its net sales for fiscal 202 ...

Financial Data and Key Metrics - Net sales for Q3 2024 were $53.4 million, a 5% increase compared to Q3 2023, and a 23.3% increase compared to the pre-pandemic Q3 of fiscal 2020 [20] - Gross margin for Q3 was 42.7%, down from 47.1% in Q3 2023, due to higher tariff and freight cost amortization and increased promotional activity [22] - GAAP EPS was a loss of $0.23 for Q3, compared to a loss of $0.21 in Q3 2023, while non-GAAP EPS was $0.08, down from $0.13 in the prior year [24] - Adjusted EBITDAS for Q3 was $2.4 million, compared to $3.3 million in Q3 2023 [24] - The company ended Q3 with $15.9 million in cash, no debt, and total available capital of approximately $106 million [26] Business Line Performance - Outdoor Lifestyle category grew 2.8% year-over-year in Q3, driven by hunting and fishing-related products, and has grown 43.1% compared to the pre-pandemic Q3 of fiscal 2020 [7][21] - Shooting Sports category grew 7.6% year-over-year in Q3, driven by personal protection and shooting accessories, and has grown almost 6% compared to the pre-pandemic Q3 of fiscal 2020 [8][21] - E-commerce sales increased by 1.6% year-over-year, while traditional channel sales grew by 8.1% [21] - International sales grew by over 72% in Q3, driven by the introduction of lifestyle brands in the Canadian market [9] Market Performance - POS sales increased for both Outdoor Lifestyle and Shooting Sports categories, indicating strong consumer demand [9] - Retailers are focusing on careful inventory management and seeking innovative products, which aligns with the company's strategy to introduce new products and expand shelf space [19] Strategic Direction and Industry Competition - The company continues to focus on innovation, with a robust new product pipeline extending well into the next 5 years, positioning its brands to expand market share and enter new product categories [11] - The company's Dock and Unlock process has been successful in driving growth by entering new product categories and building brand loyalty [10] - The company is strategically expanding into international markets and leveraging its direct-to-consumer model to strengthen its connection with consumers [9][15] Management Commentary on Operating Environment and Future Outlook - Management highlighted the success of new product launches, such as the Caldwell Claymore and Grilla Mammoth smoker, which have been well-received by consumers and retailers [12][15] - The company expects full-year net sales growth of up to 3.5% for fiscal 2024, with gross margins expected to be around 44% [28] - Operating expenses are expected to decline slightly on a GAAP basis for fiscal 2024, while non-GAAP operating expenses are expected to increase slightly due to higher selling and distribution costs [29] Other Important Information - The company repurchased approximately 210,000 shares for $1.8 million in Q3, as part of its share repurchase program [27] - Capital expenditures for fiscal 2024 are expected to be between $6 million and $6.5 million, with $3 million to $3.5 million being recurring expenses [27] Q&A Session Summary Question: Inventory levels at retailers and confidence in future progress - Inventory levels in the channel were down, except for Outdoor Lifestyle due to the MEAT! load-in and work with Academy [32] - The company is focused on maintaining a tight link between sell-in and sell-through to avoid excess inventory in the channel [41] Question: Appetite for M&A given internal innovation efforts - The company evaluates acquisitions based on where its brands do not have "permission to play" or where it can augment existing innovation plans [35][36] - The company is actively looking for M&A opportunities, with a strong cash position and no debt [45] Question: Sales growth deceleration in Q4 - The expected deceleration in Q4 growth is attributed to the seasonal nature of the business, with Q2 and Q3 typically being stronger quarters [39] Question: Opportunities for higher load-in and new product launches - The company expects new product launches in late April to drive load-ins, along with new distribution opportunities and new retailers coming online [43] Question: Near-term appetite for acquisitions - The company is cautious about M&A in frothy markets but is actively looking for opportunities, with a strong pipeline and clear acquisition targets [45]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended January 31, 2024 Commission File No. 001-39366 American Outdoor Brands, Inc. (Exact name of registrant as specified in its charter) Delaware 84-4630928 (State or other jurisdiction of incorporation or organization) (I. ...