Will Discounting Hit Smith & Wesson in Q3?
American Outdoor Brands (NASDAQ: AOBC) will have a lot going on when it reports fiscal third-quarter earnings this week. Not only is it trying to turn around its firearms business at the same time that it's spinning off the division, but it also ousted its CEO for undisclosed misconduct, which throws the whole situation into confusion.
Although firearms make up the bigger business, management previously believed American Outdoor, the gear and accessories unit, had greater growth potential, and ex-CEO James Debney intended to stay with that business.
The company appointed two co-CEOs to take over for him -- one for the firearms business, the other for outdoor products -- and it's moving ahead with the the split later this year, so let's see what investors might expect when American Outdoor Brands reports on Thursday, March 5.
Source Fool.com
