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American Outdoor Brands fiscal Q1 profit falls 41.5% YOY

American Outdoor Brands Corp. said its normalized net income for the fiscal first quarter ended July 31 amounted to 27 cents per share, compared with the S&P Capital IQ consensus estimate of 25 cents per share.

EPS declined 31.6% year over year from 39 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $15.1 million, a decline of 41.5% from $25.9 million in the year-earlier period.

The normalized profit margin dropped to 11.2% from 15.1% in the year-earlier period.

Total revenue fell 22.9% on an annual basis to $131.9 million from $171.0 million, and total operating expenses declined 14.1% from the prior-year period to $105.7 million from $123.0 million.

Reported net income fell 44.4% from the prior-year period to $14.6 million, or 26 cents per share, from $26.2 million, or 40 cents per share.