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Article Date: June 2024
Word Count: 412

American Outdoor Brands Guides for Tepid Growth


Net loss expanded 38% to $5,302,000 for the fiscal fourth quarter ended Apr. 30 from $3,836,000 prior on net sales that increased 10% to $46,299,000 against $42,203,000, including a 26% jump from the retail channel, more than offsetting a 10% dip in e-commerce. Outdoor lifestyle was up 9%, while shooting sports posted 10% growth on a $2 to $3 million pull forward from orders expected for Q1 ’25. Gross margin contracted 320 b.p. to 41.9% on tariff and freight costs amortization from higher inventory purchases in H1, along with higher levels ... Log in to view full article.

 


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