American Outdoor Brands beats by $0.13, beats on revs; guides Q1 EPS and rev above two analyst estimate; guides FY19 EPS and rev below consensus
- Reports Q4 (Apr) earnings of $0.24 per share, excluding non-recurring items, $0.13 better thanthe Capital IQ Consensus of $0.11; revenues fell 25.0% year/year to $172 mln vs the $166.83 mln Capital IQ Consensus.
- Co issues upside guidance for Q1, sees EPS of $0.10-0.14, excluding non-recurring items, vs. $0.02 two analyst estimate; sees Q1 revs of $130-140 mln vs. $125.54 mln Capital IQ Consensus Estimate.
- Co issues downside guidance for FY19, sees EPS of $0.40-0.50, excluding non-recurring items, vs. $0.63 Capital IQ Consensus Estimate; sees FY19 revs of $570-600 mln vs. $618.25 mln Capital IQ Consensus Estimate.
- "New products -- which we define as products launched within the last twelve months -- accounted for 29% of our firearms revenue in fiscal 2018, and strong adoption rates across our growing M&P family helped us retain our leadership position in the consumer market for handguns... Our Outdoor Products & Accessories segment generated 26% of our total revenue in fiscal 2018 compared to just 14% in fiscal 2017... In fiscal 2019, we expect to continue employing the strength of our balance sheet to fuel additional growth opportunities, both organic and inorganic."
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