American Outdoor Brands, Inc. (AOUT) came out with quarterly earnings of $0.06 per share, beating the Zacks Consensus Estimate of a loss of $0.03 per share. This compares to earnings of $0.01 per share a year ago.
American Outdoor's (AOUT) fiscal fourth-quarter 2024 results reflect top-line growth on the back of demand strength in its outdoor lifestyle and shooting sports categories. However, increased costs and expenses hurt the bottom line.
American Outdoor Brands reported higher-than-expected revenues for the fiscal fourth quarter but break-even earnings missed estimates sending its shares lower on Friday. For the quarter ended April 30, 2024, the manufacturer of outdoor sports and recreation products posted revenue of $46.3 million.
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.
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.
American Outdoor's (AOUT) fourth-quarter fiscal 2024 top line is likely to have been boosted by strong sales in the outdoor lifestyle category, particularly from hunt and fishing sales.
Inflation and elevated interest rates hurt the Leisure & Recreation Products industry. However, stocks like GOLF, AOUT and GORV are better positioned to escape industry challenges.