Once upon a time, American Outdoor Brands (NASDAQ: AOUT) was Smith & Wesson, the gunsmith. Then, it expanded beyond guns to build an outdoor camping and sporting equipment business. And then it spun off its firearms division (giving back its name, Smith & Wesson Brands ) to focus entirely on sporting goods.
Today, that's looking like a pretty smart decision, as American Outdoor Brands shares soar 15% through 10:40 a.m. EST after the company reported blowout earnings for the second quarter of fiscal 2021.
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Why American Outdoor Brands Stock Just Popped 15%