American Outdoor Brands (AOUT) reported earnings on Wed 17 March 21 (a/h)

 ** charts after earnings **

 

 

 

American Outdoor Brands beats by $0.46, beats on revs; guides FY21 EPS above consensus, revs above consensus

Reports Q3 (Jan) earnings of $0.82 per share, $0.46 better than the S&P Capital IQ Consensus of $0.36; revenues rose 90.8% year/year to $82.6 mln vs the $58.57 mln S&P Capital IQ Consensus.

Co issues upside guidance for FY21, sees EPS of $2.08-$2.15 vs. $1.68 S&P Capital IQ Consensus; sees FY21 revs of $268-$272 mln vs. $244.07 mln S&P Capital IQ Consensus.

"...Net sales across our portfolio of authentic outdoor brands grew by 91%, exceeding our expectations for quarterly net sales and net income. In addition, gross margins expanded by 110 basis points to over 45%. Growth occurred in nearly all of our 20 brands, and our top selling products in the quarter came from each of our four brand lanes - the Marksman, Defender, Harvester, and Adventurer - reflecting the alignment of our brands with strong consumer participation trends in personal protection and the outdoor lifestyle activities we serve..."