American Outdoor Brands down after Q1 results

American Outdoor Brands

08/09/2022 22:22

** Shares of sports goods maker American Outdoor Brands Inc
 AOUT.O  down ~9% at $7.70 after market 
    ** Company's Q1 net sales fell 28% to $43.7 million
 urn:newsml:reuters.com:*:nPnbdgFKza
    ** AOUT's Q1 gross margin was 43.6% vs 47.7% a year earlier
    ** Company also posts Q1 net loss of $5.7 mln, or 42 cents
per share, compared with a net income of $3.5 mln, or 24 cents
per share, a year earlier  urn:newsml:reuters.com:*:nTUA6YKXJG
    ** As of Thursday's close, company's shares down ~58% this
year

 (Reporting by Ananya Mariam Rajesh in Bengaluru)
 ((AnanyaMariam.Rajesh@thomsonreuters.com; Twitter: https://twitter.com/AnanyaMariam))