American Outdoor's (AOUT) Q3 Earnings & Sales Top Estimates

Core Insights - American Outdoor Brands, Inc. (AOUT) reported third-quarter fiscal 2024 results, with both earnings and net sales exceeding the Zacks Consensus Estimate for the fourth consecutive quarter [1][2] Earnings & Sales - Adjusted earnings were 8 cents per share, surpassing the Zacks Consensus Estimate of 7 cents by 14.3%, although this represents a 38.5% decline year over year [2] - Quarterly net sales reached $53.4 million, exceeding the consensus estimate of $51.2 million by 4.4%, and increased by 5% year over year, driven by growth in traditional and e-commerce sales [2] Operating Highlights - Total operating expenses were $25.7 million, a decrease of 4.7% year over year [3] - Gross margin was reported at 42.7%, down 440 basis points year over year, attributed to amortization impacts and increased tariff and freight costs [3] - Adjusted EBITDAS was $2.4 million, down from $3.3 million in the same quarter last year [3] Balance Sheet - As of January 31, 2024, cash and cash equivalents totaled $15.9 million, down from $22 million as of April 30, 2023 [4] - Total current liabilities were $23 million at the end of the third quarter, consistent with figures reported at the end of April 30, 2023 [4] Zacks Rank - American Outdoor currently holds a Zacks Rank 3 (Hold) [5]