American Outdoor Brands Corporation (AOBC - Free Report) reported second-quarter fiscal 2019 (ended Oct 31, 2018) financial results. The company’s adjusted earnings per share of 20 cents surpassed the Zacks Consensus Estimate of 13 cents by 53.8%. Further, the reported figure improved 81.8% from the year-ago quarter’s 11 cents.
In the fiscal second quarter, American Outdoor Brands’ total sales were $161.7 million, beating the Zacks Consensus Estimate of $152 million by 6.4%. Moreover, the top line was up 9% from $148.4 million in the year-ago quarter.
Total operating income during the reported quarter was $11.3 million, up from $8 million in the year-ago quarter.
Gross margin for the quarter was 34.9% compared with 34.2% in second-quarter fiscal 2018. American Outdoor Brands’ total operating expenses were $45 million, up 5.1% from $42.8 million in the year-ago quarter. The increase in expenses was primarily due to higher research and development costs along with higher general and administrative expenses.
American Outdoor Brands Corporation Price, Consensus and EPS Surprise