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.