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American Outdoor Brands, Inc. Reports Third Quarter Fiscal 2021 Financial Results

American Outdoor Brands, Inc. Reports Third Quarter Fiscal 2021 Financial Results
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American Outdoor Brands Rises on Strong Earnings, Outlook

American Outdoor Brands Rises on Strong Earnings, Outlook
American Outdoor Brands posts strong fiscal second-quarter earnings and lifts its outlook.
Author:
Shares of American Outdoor Brands (
AOUT) - Get Report traded higher Wednesday after the provider of outdoor products and accessories for hunting, fishing, camping, shooting, personal security posted fiscal second-quarter earnings higher than a year earlier and raised its outlook for fiscal 2021.
Shares of the Columbia, Mo., company rose 10.98% to $17.58 in trading Wednesday.
American Outdoor reported earnings of $7.33 million, or 52 cents a share, compared with a year-earlier loss of $393,000, or 3 cents a share.
For the quarter ended Oct. 31, revenue rose 65.6% to $79 million from $47.74 million a year earlier. ....

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American Outdoor Brands, Inc. Reports Second Quarter Fiscal 2021 Financial Results

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COLUMBIA, Mo., Dec. 15, 2020 /PRNewswire/
American Outdoor Brands, Inc. (NASDAQ Global Select: AOUT), an industry leading provider of products and accessories for rugged outdoor enthusiasts, today announced financial results for the second quarter fiscal 2021, ended October 31, 2020.
Second Quarter Fiscal 2021 Financial Highlights
Quarterly net sales were $79.1 million, an increase of $31.4 million, or 65.7%, over net sales of $47.7 million for the comparable quarter last year, driven primarily by increases in both e-commerce and traditional sales channels.
Quarterly gross margin was 46.9%, an increase of 690 basis points, over gross margin of 40.0% for the comparable quarter last year.
Quarterly net income was $7.3 million, or $0.52 per diluted share, compared with a net loss of $393,000, or ($0.03) per diluted share, for the comparable quarter last year. ....

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