— American Outdoor Brands Corporation (NASDAQ: AOBC) reported its second-quarter 2020 adjusted earnings of $0.09 per share versus $0.07 per share expected.
— Net sales decreased by 5% to $154.4 million versus $149.5 million expected.
— The $8.1 million incremental revenue in the latest quarter was the result of a change required by the Tax and Trade Bureau related to the timing of federal excise tax assessment within the Firearms segment.
— Subsequent to the end of Q2, the company announced a plan to spin-off its outdoor products and accessories business as a tax-free stock dividend to stockholders. The transaction will close in the second half of the calendar 2020.
— Looking ahead into the third quarter, the company expects net sales in the range of $180-190 million, GAAP EPS of $0.11-0.15, and adjusted EPS of $0.20-0.24. The Street estimates EPS of $0.26 on revenue of $172.39 million.
— For fiscal 2020, the company sees net sales in the range of $680-700 million, GAAP EPS of $0.41-0.49, and adjusted EPS of $0.76-0.84. The consensus estimates EPS of $0.74 on revenue of $638.54 million.
Most Popular
Earnings Preview: What to look for when Netflix (NFLX) reports Q4 2025 results
Netflix, Inc. (NASDAQ: NFLX) is expected to report Q4 results on January 20, amid expectations for strong revenue and earnings growth. The company is navigating a shifting streaming landscape where
What to look for when United Airlines (UAL) reports its Q4 2025 earnings results
Shares of United Airlines (NASDAQ: UAL) stayed red on Thursday. The stock has gained 15% over the past three months. The airline is scheduled to report its earnings results for
Infographic: How Constellation Brands (STZ) performed in Q3 2026
Constellation Brands, Inc. (NYSE: STZ) reported net sales of $2.22 billion for the third quarter of 2026, down 10% year-over-year. Organic net sales were down 2%. Net income attributable to
