American Outdoor Brands beats by $0.06, beats on revs; guides Q3 EPS above consensus, revs in-line; raises FY19 above consensus
- Reports Q2 (Oct) earnings of $0.20 per share, excluding non-recurring items, $0.06 better than the S&P Capital IQ Consensus of $0.14; revenues rose 9.0% year/year to $161.7 mln vs the $154.67 mln S&P Capital IQ Consensus.
- Co issues guidance for Q3, sees EPS of $0.09-0.13, excluding non-recurring items, vs. $0.09 S&P Capital IQ Consensus; sees Q3 revs of $155-165 mln vs. $157.75 mln S&P Capital IQ Consensus.
- Co issues upside guidance for FY19, sees EPS of $0.69-0.73 from $0.62-0.66, excluding non-recurring items, vs. $0.65 S&P Capital IQ Consensus; sees FY19 revs of $625-635 mln from $620-630 mln vs. $625.33 mln S&P Capital IQ Consensus.
- "We are pleased with our second quarter operational and financial results, which reflect year-over-year increases in revenue and profitability in both our Outdoor Products & Accessories segment and our Firearms segment. Our Outdoor Products & Accessories segment, a strategically important market that we first entered just four years ago, generated approximately one-third of our revenue in the quarter. Sales growth occurred in both our Hunting & Shooting product categories, as well as our Cutlery & Tool product categories, and came from a variety of retailers, particularly our online retailers."
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