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Article Date: June 2019
Word Count: 586

American Outdoor Brands Profits Shoot Higher in FQ4


Net income gained 28% to $9,825,000 in the final fiscal quarter ended Apr. 30, up from $7,664,000, on sales that increased 2% to $175,734,000 from $172,026,000 with firearms up 5% to $140.7 million but outdoor products down 3% to $42.2 million. Intercompany eliminations account for the extra $7 million. Gross margin expanded 270 basis points to 36.1% and SG&A increased $6.3 million, up 310 b.p. as a percent of sales. The Q4 results handily exceeded guidance, sending AOBC shares up over 7%.

 

Handguns units shipped in the quarter increased 17% despite a 7% decline in adjusted NICS checks, and long gun ... Log in to view full article.

 


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