--- title: "American Outdoor Brands - W/I | 8-K: FY2026 Revenue Misses Estimate at USD 190.5 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/290975372.md" datetime: "2026-06-26T13:46:31.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/290975372.md) - [en](https://longbridge.com/en/news/290975372.md) - [zh-HK](https://longbridge.com/zh-HK/news/290975372.md) --- # American Outdoor Brands - W/I | 8-K: FY2026 Revenue Misses Estimate at USD 190.5 M Revenue: As of FY2026, the actual value is USD 190.5 M, missing the estimate of USD 191.92 M. EPS: As of FY2026, the actual value is USD -0.73, beating the estimate of USD -0.915. #### Fiscal Year 2026 Financial Performance - **Net Sales**: Net sales for fiscal 2026 were $190.5 million, a decrease of 14.3% compared to fiscal 2025. When adjusted for accelerated orders, the decline in net sales was 5.4%. - **Outdoor Lifestyle Category**: Net sales decreased 13.1%, or 1.6% when adjusted for accelerated orders, and represented approximately 58% of fiscal 2026 net sales. - **Shooting Sports Category**: Net sales declined 15.9%, or 10.4% when adjusted for accelerated orders, mainly due to a decrease in aiming solutions. - **Traditional Channel**: Net sales decreased by 13.5%, or increased by about 1% when adjusted for accelerated orders. - **E-commerce Channel**: Net sales decreased by 15.6%. - **Domestic Channel**: Net sales decreased by 13.4% and generated approximately 94% of total net sales. - **International Channel**: Net sales decreased by 26.7% and represented 6% of annual net sales. - **Q4 Fiscal 2026 Net Sales**: Decreased 24% compared to Q4 last year, or - $4.8 million (9.2%) when adjusted for accelerated orders. - **Gross Margin**: Increased 10 basis points to 44.7% for fiscal 2026. - **Operating Expenses**: GAAP operating expenses totaled $94.2 million, a decrease of $5.2 million compared to fiscal 2025. Non-GAAP operating expenses decreased $6.6 million to $80.3 million. - **Adjusted EBITDA**: Full-year adjusted EBITDA was $10.2 million, compared to $17.7 million last year. - **Cash and Debt**: American Outdoor Brands, Inc. ended fiscal 2026 with cash of $21.4 million and no debt. - **Inventory**: Ended the year with inventory of $91.9 million, a decrease of $9.4 million compared to the prior fiscal year end. - **Capital Expenditures (CapEx)**: $2.5 million, compared to $3.9 million last year. - **Share Repurchase Program**: The company repurchased approximately 551,000 shares of common stock at an average price of $9.24 per share during fiscal 2026, with roughly $8.1 million availability remaining on the $10 million program. - **Tariff Refund Claim**: American Outdoor Brands, Inc. filed a refund claim related to IEEPA tariffs in the amount of $15.2 million, which included a $10.8 million reduction in inventory carrying value and a $4.4 million reduction in cost of goods sold. - **Non-cash Impairment Charge**: A $3.4 million non-cash impairment charge was recorded related to the divestiture of the ust brand. - **Net Operating Loss Carry-forwards**: Ended fiscal 2026 with approximately $21 million in net operating loss carry-forwards. #### Fiscal Year 2026 Operational Metrics - **New Product Sales**: New products represented approximately 29% of fiscal 2026 net sales. - **Patented Product Sales**: Products protected by one or more patents generated roughly 54% of net sales for the year. - **POS Growth**: The company delivered approximately 4% POS growth year-over-year. - Outdoor Lifestyle category POS increased by 7%. - Shooting Sports category POS increased by 1%. - **Operating Cash Flow**: American Outdoor Brands, Inc. generated $21.3 million in operating cash in the second half of the year. - **Fully Diluted Share Count**: Approximately 12.9 million shares. #### Fiscal Year 2027 Outlook / Guidance American Outdoor Brands, Inc. expects net sales for fiscal 2027 to be between $200 million and $210 million, representing 7.5% growth at the midpoint over fiscal 2026 reported net sales. Gross margins are projected to be consistent with the long-term target range in the mid-40s, and adjusted EBITDA is anticipated to be in the range of 6.5% to 7.5% of net sales, indicating over a 40% increase compared to fiscal 2026 at the midpoint. The company also anticipates Q1 net sales to be approximately 20% higher than reported Q1 fiscal 2026, with CapEx between $3.5 million and $4 million, and a fully diluted share count of about 13.2 million shares. ### Related Stocks - [AOUT.US](https://longbridge.com/en/quote/AOUT.US.md) ## Related News & Research - [American Outdoor Brands Discusses Fiscal 2026 Results, Risks](https://longbridge.com/en/news/290987456.md) - [AOUT: FY26 net sales rose 4% to $190.5M with 29% adjusted EBITDA margin and no debt](https://longbridge.com/en/news/290883124.md) - [American Outdoor Brands posts investor deck highlighting innovation-led growth strategy and product pipeline](https://longbridge.com/en/news/290883220.md) - [American Outdoor Brands (AOUT) Reports Earnings Tomorrow: What To Expect](https://longbridge.com/en/news/290636795.md) - [JPMorgan Chase & Co. Raises Academy Sports and Outdoors (NASDAQ:ASO) Price Target to $60.00](https://longbridge.com/en/news/279634190.md)