13.5 C
New York
Tuesday, May 17, 2022

American Outdoor Brands, Inc. (AOUT) Stock Tumbling After a Robust Thursday

American Outdoor Brands, Inc. (AOUT), a company that provides outdoor products and accessories for rugged outdoor enthusiasts, has plummeted 19.31% in aftermarket trading session. As a result, AOUT stock is trading at $16.96 at the time of the writing. The decline could be attributed to the profit-taking factor after AOUT stock rallied 35.61% during Thursday’s regular trading session and closed the day at $21.02. The surge was attributable to the announcement of quarterly results by the company.

AOUT Q2 2021 Operational Results

On Thursday, AOUT released the operational results for the second quarter of the fiscal year 2022. The quarter ended on 31st October 2021. The company generated net sales of $70.7 million during the quarter against $79 million for the same period of fiscal 2021. The gross profit for the three months was $33 million against $37 million for the same period of fiscal 2021. The total operating expenses bore by the company during the period were $27.7 million against $27.5 million for the same period of fiscal 2021. The net income generated by the company during the period was $4.5 million (or $0.32 per basic and diluted share) against $7.3 million (or $0.52 per basic and diluted share) for the same period of the fiscal year 2021.


Here's Your FREE Report on the #1 Small-Cap Uranium Stock of '22.
Small-cap Uranium stocks are booming in 2022! The company we're about to show you is the ONLY small-cap stock in the space that benefits from ALL aspects of the global Uranium industry with none of the risks of running a mine. Smart investors will not be hesitating on this one!
Get the FREE Report with all the details here. .

Sponsored


Financial Outlook for FY 2022

Alongside the operational results, AOUT also released the financial outlook for the upcoming period. The company expected the range net sales to lie between the range of $280 million and $285 million during the fiscal year 2022. The GAAP income per diluted share for fiscal 2022 is expected to stand between $1 and $1.19. The non-GAAP diluted income per share is expected to stand between $2.02 and $2.21 during fiscal 2022. The company expects the non-GAAP adjusted EBITDA to stand in the range of $42 million and $45.5 million for the fiscal year 2022.

Executive Commentary

Brian Murphy, President and Chief Executive Officer of AOUT, while commenting on the results said that the company has done a tremendous job with regards to its sales during the quarter. The company believes that its ability to successfully navigate the supply chain challenges continues to position it to achieve the fiscal 2022 and longer-term strategic goals.

Future Outlook for AOUT

The last few months have seen AOUT stock constantly declining. But the more recent performances are a glimmer of hope for the company to rise and shine in the coming times. Hence, potential investors should closely keep watching AOUT stock to make an informed decision regarding their investment.

Related Videos

Latest news

Related news

Related Videos

LEAVE A REPLY

Please enter your comment!
Please enter your name here