American Outdoor Brands, Inc. reported fiscal first-quarter net sales were $43.4 million for the three-month period ended July 31, a decrease of 0.5 percent versus the comparable quarter last year. Traditional channel net sales increased 8.4 percent, while e-commerce net sales declined 10.6 percent. Compared with pre-COVID levels in fiscal 2020, quarterly net sales increased 30.8 percent.
The fiscal Q1 GAAP net loss was $4.1 million, or a loss of 31 cents per diluted share, compared with a GAAP net loss of $5.7 million, or a loss of 42 cents per diluted share, for the comparable quarter last year. Quarterly non-GAAP net income was $98,000, or a penny per diluted share, compared with non-GAAP net income of $84,000, or a penny per diluted share, for the comparable quarter last year.
GAAP to non-GAAP adjustments for net income excludes acquired intangible amortization, stock compensation, technology implementation, and other costs.
For full details about fiscal first quarter results for American Outdoor Brands, including trends by segment and channel, outlook for the quarter and year, and management comments against company goals, go here:
EXEC: American Outdoor Brands Execs Detail Fiscal First Quarter Progress
Photo courtesy Eagles Bluffs Conservation Area, Columbia, MO
