American Outdoor Brands sinks on qtrly miss

American Outdoor Brands

10/12/2021 12:36

** American Outdoor Brands  AOUT.O  drops 19% premarket to
$17 after qtrly results miss expectations
    ** Stock threatening to erase all of this year's gains
    ** Q2 sales of $71 mln comes in below consensus as firearms
accessories and sporting goods maker says customers accelerated
orders into Q1 in anticipation of supply chain concerns
 urn:newsml:reuters.com:*:nPn5T3lxa
    ** Adj EPS of 58 cents well below Street estimate of 76
cents
    ** Co lowers high end of FY 2022 topline guide: now sees
sales of $280-$285 mln from $280-$295 mln prior
    ** Cowen cuts its PT from $40 to $28 in reaction to the
report
    ** YTD, stock up 23% through close on Thurs

 (Lance Tupper is a Reuters market analyst. The views expressed
are his own)
 ((lance.tupper@thomsonreuters.com
lance.tupper@tr.com 1-332-219-1430))