Benzinga | Jul 16, 2021 01:30PM EDT

American Outdoor Brands Shares Fall After Missing On Q4 Sales, Cautious FY22 EPS Guidance

* American Outdoor Brands Inc (NASDAQ:AOUT) reported fourth-quarter FY21 sales growth of 49.6% year-on-year to $64.5 million, missing the analyst estimate of $65.03 million.

* Total operating expenses for the quarter fell sharply to $27.4 million.

* Gross margin was flat at 44.4%. Gross profit improved 50% to $28.6 million Y/Y.

* The operating margin for the quarter was 1.99%, with $1.29 million in operating income.

* Adjusted EBITDA was $7.0 million.

* Adjusted EPS of $0.34 topped the consensus of $0.23.

* The company held $60.8 million in cash and equivalents as of April 30, 2021.

* Outlook: American Outdoor sees FY22 sales of $280 million-$295 million, versus the consensus of $284.88 million.

* The company expects FY22 non-GAAP EPS of $2.02-$2.26, compared to the analyst estimate of $2.13.

* Price action: AOUT shares are trading lower by 9.38% at $32.56 in the premarket session on Friday.