American Outdoor Brands Reports Q1 FY2024 Earnings Results on July 31, 2023
September 10, 2023
🌥️Earnings Overview
On July 31, 2023, AMERICAN OUTDOOR BRANDS ($NASDAQ:AOUT) announced their financial results for the first quarter of FY2024, ending on that date. Total revenue for the quarter was USD 43.4 million, showing a slight decrease of 0.5% compared to the same period in the previous year. Net income for this period was USD -4.1 million, demonstrating an improvement from the -5.7 million reported in the same quarter a year prior.
Stock Price
American Outdoor Brands (AOB) reported their first quarter FY2024 earnings results on July 31, 2023. On Thursday, AOB stock opened at $9.9 and closed at $9.5, down by 3.8% from last closing price of $9.9. This was a significant decrease from the company’s previous performance; investors reacted accordingly, presenting a significant challenge for the company. This is a sign that AOB’s efforts to diversify their product portfolio and expand their customer base are yielding positive results.
Looking ahead, American Outdoor Brands is looking to introduce new products and services that will help them capture new customers in the outdoor industry. They are also looking to acquire smaller outdoor brands that will help them expand their presence in the industry and increase their market share. Overall, investors remain optimistic about the company’s prospects for the upcoming quarters. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for AOUT. More…
| Total Revenues | Net Income | Net Margin |
| 190.98 | -10.44 | -5.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for AOUT. More…
| Operations | Investing | Financing |
| 30.8 | -4.05 | -25.51 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for AOUT. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 239.15 | 53.03 | 14.26 |
Key Ratios Snapshot
Some of the financial key ratios for AOUT are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 1.1% | – | -5.4% |
| FCF Margin | ROE | ROA |
| 14.0% | -3.4% | -2.7% |
Analysis
At GoodWhale, we want to provide you with all the data you need to make an informed decision about AMERICAN OUTDOOR BRANDS as an investment. After analyzing the financial and business aspects of this company, our Risk Rating gives AMERICAN OUTDOOR BRANDS a high risk rating. We want to make sure that our registered users are fully informed of any potential risks before investing, so we have detected 3 risk warnings in the company’s income sheet, balance sheet, and cashflow statement. If you become a registered user, you’ll be able to access those warnings and consider all the data before making a decision. More…
Peers
In the outdoor apparel and gear industry, American Outdoor Brands Inc faces stiff competition from a number of different companies, including Bonny Worldwide Ltd, BikeExchange Ltd, and Youngone Holdings Co Ltd. While each company has its own unique strengths and weaknesses, American Outdoor Brands Inc has been able to stay ahead of the competition by offering a combination of quality products, competitive prices, and excellent customer service.
– Bonny Worldwide Ltd ($TWSE:8467)
Bonny Worldwide Ltd is a leading provider of global transportation and logistics services. The company has a market cap of 2.62B as of 2022 and a Return on Equity of 16.57%. Bonny Worldwide Ltd provides a full range of transportation and logistics services, including airfreight, ocean freight, land freight, and warehousing and distribution. The company also offers a wide range of value-added services, such as supply chain management, customs clearance, and logistics consulting.
– BikeExchange Ltd ($ASX:BEX)
BikeExchange Ltd is a market leader in online bicycle sales and has a market cap of 11.41M as of 2022. The company has a return on equity of -87.65%, which is significantly lower than the industry average. The company’s main business is selling bicycles and related products online. BikeExchange also operates brick-and-mortar stores in Australia and New Zealand. The company was founded in 2000 and is headquartered in Melbourne, Australia.
– Youngone Holdings Co Ltd ($KOSE:009970)
Youngone Holdings Co Ltd is a South Korea-based company engaged in the manufacture and sale of textile products. The Company operates its business through three segments: Outerwear, Sportswear and Others. Its products include functional clothing, such as waterproof, windproof and breathable products; sports products, including golfwear, skiwear, climbing wear and fishing wear; and other products, such as innerwear, school uniforms and workwear. As of December 31, 2011, the Company had 43 subsidiaries and two associated companies.
Summary
American Outdoor Brands reported a 0.5% decrease in total revenue for the first quarter of FY2024 ending on July 31, 2023, compared to the same period in the previous year. Net income for this period was -4.1 million, which is an improvement from the -5.7 million reported a year prior. Despite the reported improvement in net income, the stock price of American Outdoor Brands moved down on the day of the release.
Investors should consider closely examining the financial performance of this company as it appeared to have a mixed quarter. Analysts should look to see if the company can sustain its current growth rate and continue to boost its bottom line in order to have confidence in investing in American Outdoor Brands.
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