American Outdoor Brands, which is aiming to separate its outdoor and firearms businesses in the second half of 2020, reported a 15 percent drop to $47.8 million in the revenues of its Outdoor segment in the company's second quarter ended Oct. 31, due to lower sales of shooting and hunting accessories. The segment's gross margin fell by 6.5 percentage points to 38.9 percent, partly because of the U.S. tariffs on China, where 80 percent of the products are made. A sales increase of 2 percent to $113.7 million in the Firearms segment allowed the group to post a 5 percent decline in total sales to $154 million for the quarter. Net earnings tumbled by 81 percent, down to $1.29 million.
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