American Outdoor Brands (AOUT) Misses Q2 EPS by 6c

American Outdoor Brands (NASDAQ: AOUT) reported Q2 EPS of $0.01, $0.06 worse than the analyst estimate of $0.07. Revenue for the quarter came in at $43.7 million versus the consensus estimate of $44.48 million.

"While we are not giving specific guidance today, we are providing a framework for our revenue outlook for fiscal 2023. Consumer spending patterns over the balance of our fiscal year have yet to be determined, and we believe that retailers and distributors continue to be extremely cautious with regard to their inventory levels. That said, we also believe our brands are performing well and in alignment with recent consumer outdoor participation trends. As a result, we believe our revenue for fiscal 2023 could exceed pre-pandemic fiscal 2020 revenue by as much as 25%. We believe our solid financial position enables us to continue executing on our long-term strategic plan, investing in our business, and addressing the exciting growth opportunities we have identified for fiscal 2023 and beyond."

For earnings history and earnings-related data on American Outdoor Brands (AOUT) click here.

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