Welcome to our dedicated page for American Outdoor news (Ticker: AOUT), a resource for investors and traders seeking the latest updates and insights on American Outdoor stock.
American Outdoor Brands, Inc. (AOUT) operates as a branded outdoor recreation products company, making its news coverage particularly relevant for investors tracking the sporting goods manufacturing sector. The company's announcements typically focus on quarterly earnings performance, product line expansions across its portfolio of outdoor brands, and strategic initiatives affecting its market positioning within hunting, fishing, camping, and shooting equipment categories.
News from American Outdoor Brands provides insight into consumer spending trends within the outdoor recreation market. Quarterly earnings reports reveal revenue patterns across the company's various brands, including BUBBA fishing tools, Caldwell shooting accessories, and UST camping gear. These financial disclosures help investors understand which product categories drive growth and how seasonal demand affects performance throughout the fiscal year.
Product announcements and brand partnerships represent another significant category of American Outdoor Brands news. The company regularly introduces new products designed for specific outdoor activities, collaborates with outdoor industry organizations, and expands its brand portfolio through acquisitions. These developments indicate the company's product innovation strategy and its efforts to capture market share in specialized equipment segments.
Board-level decisions, including share repurchase authorizations and strategic direction changes, also generate material news. American Outdoor Brands announces earnings release dates in advance, allowing investors to prepare for quarterly performance updates. Following the company's news feed helps track how management allocates capital, responds to market conditions, and positions the business within the competitive outdoor products landscape.
American Outdoor Brands (AOUT) reported Q1 FY2023 net sales of $43.7 million, a 28.1% decline from $60.8 million last year. E-commerce sales rose to $20.5 million, a 23.7% increase, while traditional sales fell by 47.6% to $23.1 million. Gross margin decreased to 43.6% from 47.7%. The company faced a GAAP net loss of $5.7 million (or $0.42 per share), contrasting with a net income of $3.5 million last year. Despite these challenges, the CEO highlighted e-commerce growth and operational efficiencies from facility consolidations, projecting revenue growth of up to 25% over pre-pandemic levels.
American Outdoor Brands (NASDAQ: AOUT) will participate in two upcoming conferences. The first is the CL King's Best Ideas Conference on September 12, 2022, a virtual event, followed by the Lake Street 6th Annual Best Ideas Growth Big 6 Conference in New York City on September 14, 2022. At both events, company management will hold one-on-one and group meetings with investors, highlighting the company's commitment to engaging with stakeholders.
American Outdoor Brands, Inc. (NASDAQ: AOUT) has announced the release date for its first quarter fiscal 2023 financial results, scheduled for September 8, 2022, after market close. A conference call will follow at 5:00 p.m. ET on the same day, featuring CEO Brian Murphy and CFO Andy Fulmer, discussing both financial and operational results. Investors can join via phone or listen to a live webcast on the company's website.
American Outdoor Brands (NASDAQ: AOUT) has appointed Bradley T. Favreau as a new independent director effective immediately. This change expands the Board from six to seven directors, enhancing corporate governance. The appointment follows a Cooperation Agreement with Engine Capital Management, which will withdraw its director nominations and support the current Board at the upcoming Annual Meeting. Favreau's extensive experience in financial markets is expected to strengthen alignment with stockholders. CEO Brian Murphy highlighted a focus on strategic priorities and consumer relations.
American Outdoor Brands (AOUT) reported fiscal 2022 net sales of $247.5 million, a 10.5% decrease from the previous year's $276.7 million. The full year gross margin rose to 46.2% (+40 bps). The company faced a GAAP net loss of $64.9 million ($4.66 per diluted share), driven by a $67.8 million non-cash impairment charge. However, on a two-year comparison, net sales grew 47.9%. Non-GAAP net income was $24.7 million ($1.77 per diluted share). The direct-to-consumer segment soared 73% in sales, indicating strong momentum.
American Outdoor Brands (AOUT) will release its fourth quarter and full year fiscal 2022 financial results on July 14, 2022, after market close. A conference call will follow at 5:00 p.m. ET to discuss these results, featuring CEO Brian Murphy and CFO Andy Fulmer. The live audio webcast will be available on the company's website under Investor Relations.
This announcement highlights the company’s ongoing commitment to transparency and investor engagement.
American Outdoor Brands (NASDAQ: AOUT) appointed Arturo Del Rio as Vice President of Human Resources & Chief People Officer on June 13, 2022. Del Rio will implement human capital strategies including recruitment, training, diversity, and performance management. He brings over 24 years of HR experience, having previously served as Global HR Director at Ferro Corporation and held significant roles at Parker Hannifin Corporation. CEO Brian D. Murphy expressed enthusiasm about Del Rio’s commitment to talent development and inclusion, which are vital for the company’s future growth.
American Outdoor Brands (NASDAQ: AOUT) announced the appointment of Luis G. Marconi as an independent director on June 7, 2022. Marconi brings over 34 years of experience in the food and beverage industry, most recently serving as Group Vice President at Hormel Foods. His expertise aligns with the company's strategic goals of expanding its consumer outdoor brand portfolio through organic growth and acquisitions. Chairman Barry M. Monheit highlighted Marconi's relevant international experience, which will be invaluable to the company's growth initiatives.
American Outdoor Brands (NASDAQ: AOUT) has completed the $27 million acquisition of Grilla Grills, a provider of premium barbecue and outdoor cooking products. The deal, valued at approximately $24 million after tax benefits, allows the company to penetrate the $7 billion U.S. barbecue grill market with a direct-to-consumer brand. This strategic acquisition is expected to enhance growth within the outdoor lifestyle product category and leverage American Outdoor Brands' existing Dock & Unlock™ strategy.
American Outdoor Brands (NASDAQ: AOUT) has announced an agreement to acquire Grilla Grills for $27 million in cash, approximately $24 million net of future tax benefits. This acquisition allows American Outdoor Brands to enter the $7 billion U.S. barbecue grill market. Grilla has shown impressive growth, with net sales surpassing $15 million and a 161% increase over the past two years. The transaction is expected to enhance American Outdoor Brands' outdoor lifestyle product category and is expected to close shortly, funded through cash and an increased credit line.
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