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Stock impact report

American Outdoor Brands, Inc. Reports Fourth Quarter and Full Fiscal 2024 Financial Results [Yahoo! Finance]

American Outdoor Brands, Inc. (AOUT) 
Company Research Source: Yahoo! Finance
COLUMBIA, Mo. June 27, 2024 /PRNewswire/ -- American Outdoor Brands, Inc. (NASDAQ Global Select: AOUT), an industry leading provider of products and accessories for rugged outdoor enthusiasts, today announced financial results for the fourth quarter and full year fiscal 2024 ended April 30, 2024 Full Year Fiscal 2024 Financial Highlights Full year net sales were $201.1 million , an increase of $9.9 million , or 5.2%, compared with net sales of $191.2 million for the prior year. Strong growth in traditional channel net sales of 12.3% was partially offset by a slight decrease in e-commerce channel net sales of 3.3%. Full year GAAP gross margin was 44.0%, compared to 46.1% for the prior year. Full year non-GAAP gross margin was 44.5%, compared to 46.2% for the prior year. Gross margin was impacted by the amortization in the second half of fiscal 2024 of tariff and freight costs stemming from higher inventory purchases that occurred in the first half of fiscal 2024, higher promotio Show less Read more
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