Business
American Outdoor Brands, Inc. Reports First Quarter Fiscal 2025 Financial Results
• Net Sales $41.6 Million• GAAP Gross Margin 45.4%• Traditional Channel Sales $25.1 Million• E-Commerce Channel Sales $16.5 Million• International Net Sales
About this update from American Outdoor Brands, Inc.
[{"type":"text","content":"• Net Sales $41.6 Million• GAAP Gross Margin 45.4%• Traditional Channel Sales $25.1 Million• E-Commerce Channel Sales $16.5 Million• International Net Sales $4.4 Million – Up 21%\nCOLUMBIA, Mo., Sept. 5, 2024 /PRNewswire/ -- American Outdoor Brands, Inc. (NASDAQ Global Select: AOUT), an innovation company that provides product solutions for outdoor enthusiasts, today announced financial results for the first quarter of fiscal 2025 ended July 31, 2024.\n\n \n \n \n \n \n \n\n \nFirst Quarter Fiscal 2025 Financial Highlights\nQuarterly net sales were $41.6 million, a decrease of $1.8 million, or 4.1%, compared with net sales of $43.4 million for the prior year.Quarterly gross margin was 45.4%, consistent with quarterly gross margin of 45.4% for the comparable quarter last year. Non-GAAP gross margin for the quarter was 46.0%. For a detailed reconciliation, see the schedules that follow in this release.Quarterly GAAP net loss was $2.4 million, or ($0.18) per diluted share, compared with a GAAP net loss of $4.1 million, or ($0.31) per diluted share, last year.Quarterly non-GAAP net income was $748,000 or $0.06 per diluted share, compared with non-GAAP net income of $98,000, or $0.01 per diluted share, last year. GAAP to non-GAAP adjustments for net income exclude acquired intangible amortization, stock compensation, non-recurring inventory reserve costs, technology implementation, and other costs. For a detailed reconciliation, see the schedules that follow in this release.Quarterly Adjusted EBITDAS was $2.0 million, or 4.8% of net sales, compared with Adjusted EBITDAS of $1.1 million, or 2.6% of net sales, for the prior year. For a detailed reconciliation, see the schedules that follow in this release.Brian Murphy, President and Chief Executive Officer, said, \"Net sales results for our first quarter came in as expected, declining slightly year-over-year, driven by a combination of order timing and recent trends in certain consumer markets. Nevertheless, I am pleased with our performance, which included a significant increase of more than 76% in Adjusted EBITDAS, and reflected a consumer preference for innovative products from our popular brands in Outdoor Lifestyle and Shooting Sports categories. New product innovation and expanded distribution opportunities are core to our long-term growth strategy, and both played a key role in ...