American Outdoor Brands, Inc. reported sales slumped 24.0 percent in the fourth quarter 14.3 percent in the fiscal year ended April 30, but predicted sales growth in the range of 5 percent to 10 percent in the current fiscal year with meaningful improvement in earnings.

Fourth Quarter Fiscal 2026 Financial Highlights

  • Quarterly net sales were $47.1 million, a decrease of $14.9 million, or 24.0 percent, compared with quarterly net sales of $61.9 million for the comparable quarter last year.  Adjusted for $10.0 million of orders that were accelerated by retailers from the first quarter of fiscal 2026 into the fourth quarter of fiscal 2025, net sales declined by 9.2 percent.
  • Quarterly gross margin was 46.9 percent, compared with quarterly gross margin of 40.9 percent for the comparable quarter last year.
  • Quarterly GAAP net loss was $381,000, or 3 cents per diluted share, compared with a GAAP net loss of $989,000, or 8 cents per diluted share for the comparable quarter last year.
  • Quarterly non-GAAP net income was $1.7 million, or 13 cents per diluted share, compared with $1.7 million, or 13 cents per diluted share, for the comparable quarter last year. GAAP to non-GAAP adjustments for net income exclude acquired intangible amortization, stock compensation, and other costs.
  • Quarterly non-GAAP Adjusted EBITDA was $3.5 million, or 7.5 percent of net sales, compared with $3.5 million, or 5.6 percent of net sales for the comparable quarter last year.

Full Year Fiscal 2026 Financial Highlights

  • Full year net sales were $190.5 million, a decrease of $31.8 million, or 14.3 percent, compared with net sales of $222.3 million for the prior year.  Adjusted for $10.0 million of orders that were accelerated by retailers from fiscal 2026 into the final weeks of fiscal 2025, net sales declined by 5.4 percent.
  • Full year GAAP gross margin was 44.7 percent, compared to 44.6 percent for the prior year.
  • Full year GAAP net loss was $9.2 million, or 73 cents per diluted share, compared with a GAAP net loss of $77,000, or 1 cent per diluted share, for the prior year.
  • Full year non-GAAP net income was $3.7 million, or 28 cents per diluted share, compared with non-GAAP net income of $10.0 million, or 76 cents per diluted share, for the prior year.  GAAP to non-GAAP adjustments for net income exclude acquired intangible amortization, stock compensation, non-cash impairment of assets held for sale related to the company’s ust brand, and other costs.
  • Full year Adjusted EBITDA was $10.2 million, or 5.3 percent of net sales, compared with Adjusted EBITDA of $17.7 million, or 7.9 percent of net sales, for the prior year.

Fiscal 2027 Outlook
“We believe that the progress we achieved during fiscal 2026, together with the strength of our brands and our innovation pipeline, supports our outlook for fiscal 2027. Accordingly, we expect net sales to be in the range of $200.0 million to $210.0 million, which would represent growth of approximately 5 percent to 10 percent compared to fiscal 2026 reported net sales. We expect adjusted EBITDA for fiscal 2027 to be in the range of 6.5 percent to 7.5 percent of net sales, which at the midpoints, would represent an increase of more than 40 percent over prior year Adjusted EBITDA,” concluded Fulmer.

American Outdoor Brands’ brands include Bog; Bubba; Caldwell; Crimson Trace; Frankford Arsenal; Grilla; Hooyman; Imperial; LaserLyte; Lockdown; Meat! Your Maker; Old Timer; Schrade; Tipton; Uncle Henry; and Wheeler.

Image courtesy American Outdoor Brands

See below for additional in-depth commentary from company CEO Brian Murphy and CFO Andy Fulmer on the biggest influences on the fiscal 2026 business results:

EXEC: American Outdoor Brands CEO Explains Sharp Fiscal 2026 Net Sales Declines