美国户外品牌销售加速创8个月新高

2024-06-29 02:03

Shares of American Outdoor Brands (NASDAQ:AOUT) set an 8-month high late Thursday and extended the gains on Friday after reporting better-than-expected results for the fiscal fourth quarter despite an environment that many retailers continue to consider challenging.
Although the company’s profit fell from $0.06 per share to break even, sales were up 9.7% led by gains in the company’s outdoor lifestyle category, which includes shooting sports.
New product launches drove sales up 23% for fiscal 2024, and an increased exposure in Canada helped deliver fiscal 2024 growth in the traditional sales channel of more than 12%, and growth in the company’s international sales channel of more than 35%.
The company’s gross margin contracted, however, as the impact from higher freight costs and increased promotions drove gross margin to 44.3% from 45.2% in the same quarter last year.
Besides increased sales, the company also demonstrated disciplined capital management, ending the year with $29.7M in cash and no debt.
Shares were 2% higher late Friday, trading above the 50-, 100-, and 200-day moving averages.

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