AOUT - American Outdoor Brands stock battered after big earnings miss pulled guidance

Shares of American Outdoor Brands ( NASDAQ: AOUT ) slid to a 52-week low after posting a disappointing earnings result on Thursday evening.

For its fiscal fourth quarter, the Columbia, Missouri-based apparel and outdoor accessory producer reported non-GAAP EPS of $0.14, missing consensus estimates by $0.23, and a 28.8% decline in revenue to $45.9M, $9.2M short of expectations. Additionally, gross margin slipped 160 basis points from the prior year.

The stock fell over 13% in early trading on the Nasdaq, falling to a yearly low. The stock has declined nearly 80% in the past year, with a wide 52-week trading range from $8.14 to $35.98.

In terms of recovery in sales and profits, management was not able to offer much optimism amid a lack of clarity on macroeconomic conditions in terms of inflation, rising interest rates, and inventory issues among major retailers.

“It remains to be seen how consumers may shift their buying patterns in response to these developments,” CEO Brian Murphy told analysts on Thursday evening. “At the backdrop of this uncertainty, we are not providing full year financial guidance for fiscal 2023 on today's call.”

Read the earnings call transcript .

For further details see: