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American Outdoor Brands, Inc. - AOUT STOCK NEWS

Welcome to our dedicated page for American Outdoor Brands news (Ticker: AOUT), a resource for investors and traders seeking the latest updates and insights on American Outdoor Brands stock.

American Outdoor Brands, Inc. (NASDAQ: AOUT) is a leading provider of outdoor products and accessories for rugged outdoor enthusiasts. The company, known for its innovative and high-quality products, serves markets including hunting, fishing, camping, shooting, outdoor cooking, personal security, and defense. AOUT operates a diverse portfolio with over 18 respected consumer brands such as BOG, BUBBA, Caldwell, Crimson Trace, Frankford Arsenal, Grilla Grills, Hooyman, Imperial, LaserLyte, Lockdown, MEAT!, Old Timer, Schrade, Tipton, Uncle Henry, ust, and Wheeler.

Founded in 1852, originally under the Smith & Wesson brand, American Outdoor Brands has strategically expanded through acquisitions and organic growth. This has enabled the company to cater to the substantial outdoor lifestyle products market. AOUT emphasizes innovation through its Dock & Unlock™ process, driving new product development across its extensive brand portfolio.

Recent financial results for the second quarter of fiscal 2024 indicate net sales of $57.9 million, a 6.4% increase compared to the same period last year. Traditional channel sales grew by 8.7%, while e-commerce sales rose by 3.3%. The company's gross margin was 45.7%. Despite a challenging market, AOUT maintains a strong financial position with zero debt and a cash balance of $8.4 million at the end of the quarter.

Key updates include successful settlements in patent infringement cases, highlighting AOUT’s commitment to protecting its intellectual property. The company also announced leadership changes, with Brent Vulgamott appointed as Chief Operating Officer and James Tayon named Chief Product Officer, reinforcing its strategic focus on operational efficiency and product innovation.

American Outdoor Brands plans to release its third quarter fiscal 2024 financial results on March 7, 2024, continuing its tradition of transparency and stakeholder engagement. The company's strategic outlook anticipates net sales for fiscal 2024 to exceed those of fiscal 2023 by up to 3.5%, driven by positive long-term consumer trends in outdoor activities.

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American Outdoor Brands secures patent settlement agreement with The Allen Company
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American Outdoor Brands, Inc. to participate in two investor conferences in September 2023.
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American Outdoor Brands, Inc. announces Q1 fiscal 2024 financial results
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American Outdoor Brands plans to release its Q1 fiscal 2024 financial results on September 7, 2023.
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On April 6, 2023, American Outdoor Brands, Inc. (NASDAQ: AOUT) reached a settlement with Good Sportsman Marketing, LLC (GSM) regarding trademark and patent infringement claims initiated in October 2022. The case involved GSM's unauthorized use of AOB's trademarks, including LEAD SLED®, TACKDRIVER®, and DEAD SHOT®, concerning its Alpha Shooting Rest product. As part of the settlement, GSM will compensate AOB and cease all sales and marketing of the Alpha Shooting Rest. Additionally, a permanent injunction was issued by the U.S. District Court for Delaware to prevent future infringements. AOB's President, Brian Murphy, emphasized the importance of innovation and protection of intellectual property for the company's growth strategy.

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American Outdoor Brands, Inc. (AOUT) reported third-quarter fiscal 2023 results with net sales of $50.9 million, a 27.4% decline from the previous year. E-commerce sales fell by 30.8% to $24.5 million, primarily due to reduced demand in the Shooting Sports category. Traditional sales also dropped by 23.9% to $26.4 million. Despite the decline, gross margin improved to 47.1%, up 130 basis points. The company posted a GAAP net loss of $2.9 million or $0.21 per share, down from a profit of $3.8 million in the same quarter last year. Operating cash flow was strong at $18.1 million.

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FAQ

What is the current stock price of American Outdoor Brands (AOUT)?

The current stock price of American Outdoor Brands (AOUT) is $14.98 as of December 20, 2024.

What is the market cap of American Outdoor Brands (AOUT)?

The market cap of American Outdoor Brands (AOUT) is approximately 194.0M.

What does American Outdoor Brands, Inc. (AOUT) specialize in?

American Outdoor Brands specializes in providing innovative outdoor products and accessories, including items for hunting, fishing, camping, shooting, outdoor cooking, and personal security and defense.

What are some of the key brands under American Outdoor Brands?

Key brands under AOUT include BOG, BUBBA, Caldwell, Crimson Trace, Frankford Arsenal, Grilla Grills, Hooyman, Imperial, LaserLyte, Lockdown, MEAT!, Old Timer, Schrade, Tipton, Uncle Henry, ust, and Wheeler.

How did American Outdoor Brands perform financially in the second quarter of fiscal 2024?

In the second quarter of fiscal 2024, AOUT reported net sales of $57.9 million, an increase of 6.4% compared to the same quarter last year. Traditional channel sales grew by 8.7%, and e-commerce sales increased by 3.3%.

What is the Dock & Unlock™ process?

The Dock & Unlock™ process is AOUT's strategic approach to driving innovation and new product development across its brand portfolio.

Has American Outdoor Brands been involved in any recent legal settlements?

Yes, AOUT recently secured settlements in patent infringement cases against The Allen Company and Vista Outdoor/Bushnell Holdings, reinforcing its commitment to protecting its intellectual property.

Who are the recent additions to American Outdoor Brands' executive team?

Brent Vulgamott has been appointed as Chief Operating Officer, and James Tayon has been named Chief Product Officer, reflecting the company's focus on operational efficiency and product innovation.

What are American Outdoor Brands’ anticipated net sales for fiscal 2024?

AOUT anticipates its net sales for fiscal 2024 to exceed those of fiscal 2023 by up to 3.5%, driven by positive long-term consumer trends in outdoor activities.

When will American Outdoor Brands release its third quarter fiscal 2024 financial results?

American Outdoor Brands plans to release its third quarter fiscal 2024 financial results on March 7, 2024.

What are some recent product innovations introduced by American Outdoor Brands?

Recent product innovations include new additions under the Caldwell, Grilla, and Hooyman brands, developed through the company's Dock & Unlock™ process.

How does American Outdoor Brands position its products in the market?

AOUT strategically places its brands in both e-commerce and traditional retail channels, aiming to meet consumer expectations and drive sales growth.

American Outdoor Brands, Inc.

Nasdaq:AOUT

AOUT Rankings

AOUT Stock Data

194.01M
12.16M
4.75%
66.89%
0.37%
Leisure
Sporting & Athletic Goods, Nec
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United States of America
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