AOUT•AOUT•American Outdoor Brands reported fiscal 2026 net sales of $190.5 million, down 14.3% year-over-year, with adjusted EBITDA falling to $10.2 million (5.3% of sales) from $17.7 million. GAAP net loss widened to $9.2 million, while non-GAAP net income dropped to $3.7 million.
For fiscal 2026, net sales fell to $190.5 million from $222.3 million a year earlier, a 14.3% decline driven partly by a $10.0 million pull-forward of orders into late fiscal 2025. GAAP net loss widened to $9.2 million ($0.73 per share) versus a $77,000 loss last year, while non-GAAP net income contracted to $3.7 million ($0.28 per share) and adjusted EBITDA dropped to $10.2 million (5.3% of sales).
Q4 net sales totaled $47.1 million, down 24.0% from $61.9 million, or 9.2% on an adjusted basis excluding accelerated orders. Quarterly gross margin improved to 46.9% from 40.9%, GAAP loss narrowed to $381,000 ($0.03 per share), and non-GAAP net income remained steady at $1.7 million ($0.13 per share) with adjusted EBITDA of $3.5 million (7.5% of sales).
New products represented over 29% of fiscal 2026 net sales, including the Claymore Connect™ and ClayCopter Surface-to-Air™ smart launchers and the upcoming SCORETRACKER® LIVE platform for competitive fishing. The company also optimized its brand portfolio and leveraged supply-chain agility to navigate tariff volatility while expanding distribution and consumer engagement.
Management reduced inventory by approximately $9.5 million, repurchased over $5 million of common stock and ended the year with $21.4 million in cash and no debt. These actions, combined with improving retail inventory trends, position the company to invest in growth initiatives and pursue strategic opportunities in fiscal 2027.
