AOUT - American Outdoor Brands Raises Guidance Again as Sales Nearly Double
Sales growth accelerated for American Outdoor Brands (NASDAQ: AOUT) in its fiscal third quarter, the company reported Wednesday, as revenue nearly doubled to $82.6 million generating a sixfold increase in adjusted profits to $0.82 per share.
The gains were seen across nearly every one of the 20 brands owned by American Outdoor as shooting sports and participation in outdoor activities grew unabated, resulting in the company raising its guidance for the full fiscal year once again.
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American Outdoor Brands Raises Guidance Again as Sales Nearly Double