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Article Date: December 2018
Word Count: 353

American Outdoor Brands Doubles Profits in FQ2

Net income more than doubled to $6,665,000 from $3,234,000 in the fiscal second quarter ended Oct. 31 on 9% higher revenues of $161,703,000 vs. $148,427,000 with growth from both firearms and outdoor products. Gross margin expanded 70 basis points to 34.9% and SG&A increased $2.3 million, but leveraged 100 basis points as a percent of sales. AOBC raised its full-year guidance after the strong quarterly result, and now expects revenue of $625 to $635 million, up from $620 to $630 million, and net income of $0.38 to $0.42 per share ($22 million) up from $0.32 to $0.36 guided previously. AOBC ... Log in to view full article.


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