American Outdoor Brands, Inc. reported a net sales decline of 14.3% for the fiscal year ending April 30, 2026, totaling $190.5 million, down from $222.3 million in the previous year. The company's gross profit also decreased to $85.2 million, reflecting a gross margin of 44.7%, a slight increase from 44.6% in fiscal 2025. The company experienced a net loss of $9.2 million, or $(0.73) per diluted share, compared to a net loss of $77,000, or $(0.01) per diluted share, in the prior fiscal year. The decline in sales was attributed to reduced orders from major customers, particularly the world's largest online retailer, and a shift in order timing that saw some sales pulled forward into the previous fiscal year.
In terms of operational changes, American Outdoor Brands has focused on innovation, with new products accounting for 29.1% of net sales in fiscal 2026, up from 21.5% the previous year. The company has introduced over 200 new products annually, which has contributed to its market presence. The company also reported a decrease in operating expenses, which fell to $94.2 million from $99.4 million, largely due to lower variable compensation and cost-saving initiatives. However, a $3.4 million non-cash impairment charge related to the planned divestiture of the ust brand impacted overall operating results.
The company continues to maintain a flexible supply chain and has a strong focus on e-commerce, which accounted for approximately 37.4% of total net sales. Despite the challenges faced in traditional retail channels, the company is actively working to enhance its direct-to-consumer sales through its e-commerce platform. As of April 30, 2026, American Outdoor Brands had $21.4 million in cash and cash equivalents, with an additional $75 million available under its revolving credit facility, indicating a solid liquidity position to support ongoing operations and potential growth initiatives.
Looking ahead, American Outdoor Brands aims to leverage its innovation capabilities to expand its market share and enter new product categories. The company plans to continue investing in research and development, as well as pursuing strategic acquisitions that align with its business objectives. However, the company acknowledges that its future performance will depend on various factors, including consumer spending trends, market conditions, and the successful execution of its growth strategies. The management remains optimistic about the potential for recovery and growth in the outdoor lifestyle and shooting sports markets, despite the current economic uncertainties.
About American Outdoor Brands, Inc.
American Outdoor Brands, Inc. designs, sources, and sells outdoor lifestyle products and shooting sports accessories across four consumer verticals: Adventurer, Harvester, Marksman, and Defender. Its portfolio includes hunting, fishing, meat processing, outdoor cooking, camping, shooting, and personal security products marketed under 20 brands. The company serves outdoor enthusiasts through e-commerce and traditional retail channels, leveraging innovation, brand-focused marketing, and an asset-light model to deliver high-quality, differentiated products.
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