American Outdoor Brands , Inc. (NASDAQ:AOUT), a leading manufacturer in the outdoor sports and recreation market, announced its financial results for the fourth quarter and full fiscal year ended April 30, 2024. The disclosure, made during a conference call and webcast on June 27, 2024, was furnished in a Form 8-K filed with the Securities and Exchange Commission today.
For the fourth quarter, American Outdoor Brands reported a series of financial metrics that reflect the company's performance. While the specific figures were not disclosed in the 8-K summary, the report included in the filing likely contains detailed information on revenue, earnings, and other key financial results.
The company's full-year financial results were also discussed, providing investors with a comprehensive view of its fiscal health and operational efficiency over the past twelve months. These results are significant as they offer insights into the company's strategic initiatives and market position.
During the call, executives may have provided forward-looking statements regarding expectations for future operating results, financial positions, and business strategies. These statements are subject to various risks and uncertainties that could cause actual outcomes to differ materially from the projections.
The conference call transcript, designated as Exhibit 99.1 in the 8-K filing, contains the detailed discussion of the fourth quarter and full-year results. The document is available for public access, offering a more in-depth look into the company's performance and management's commentary.
American Outdoor Brands emphasized that the information provided in the report and during the call should not be deemed as "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, nor should it be considered an admission of the materiality of any information therein.
Investors and stakeholders are encouraged to review the full 8-K filing and the accompanying exhibit for a complete understanding of the company's financial results and forward-looking statements. The information presented is based on a press release statement and should be considered with the awareness of potential risks and uncertainties inherent in any forward-looking information.
In other recent news, American Outdoor Brands reported positive financial results for fiscal year 2024, with net sales increasing by 5.2% to reach $201.1 million. This growth was seen across its outdoor lifestyle and shooting sports categories, with the former experiencing a 6.9% rise in sales and the latter seeing a 3.2% increase. The company ended the year debt-free, with a cash reserve close to $30 million.
American Outdoor Brands also shared its outlook for the upcoming fiscal year, projecting net sales growth of up to 2.5% and an expected gross margin of around 45%. Other notable developments include plans to open a factory outlet in Missouri and explore retail opportunities for Meat and Grilla brands.
Still, the company anticipates a conservative approach towards the shooting sports category due to the upcoming election. Despite this, American Outdoor Brands remains committed to its growth strategy, focusing on potential mergers and acquisitions, particularly in the outdoor lifestyle sector. These are recent developments that provide valuable insights into the company's performance and future plans.
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