American Outdoor Brands Stock Earnings Reports

American Outdoor Brands reported Q1 FY2026 net sales of $29.7M, down 28.7% YoY, driven largely by retailer ordering variability tied to tariff-driven order acceleration into the prior quarter and reduced e-commerce purchases from a large online partner. Management emphasized strong point-of-sale (POS) performance and brand momentum—new products represented ~29% of Q1 sales—and said their innovation-focused strategy and supply-chain agility are helping them take share despite a dynamic tariff environment. Gross margin improved to 46.7% (up 130 bps YoY) due to supply-chain actions, pricing adjustments, product redesigns, and supplier concessions. Non-GAAP EPS was -$0.26; adjusted EBITDA was a -$3.1M loss. The company finished the quarter with $17.8M cash, no debt, repurchased ~$2.5M of stock (~240k shares), and increased inventory to support seasonal build and tariff-related reserves (targeting ~ $125M inventory in Q2–Q3, falling to ~$120M in Q4). Management expects continued near-term order cadence variability and stated Q2 net sales are expected to decline ~15% YoY; longer-term they remain optimistic given strong POS, product pipeline (including Bubba/MLF ScoreTracker Live), and a focus on maintaining 25–30% EBITDA contribution over time. M&A activity remains selective; the company is also evaluating low-cost brand launches internally.