American Outdoor Brands Reports Q3 Sales of $56.6M, Outdoor Lifestyle Growth
American Outdoor Brands posted Q3 net sales of $56.6 million, down 3.3% year-over-year, a GAAP net loss of $4.1 million and non-GAAP net income of $1.5 million. Outdoor Lifestyle category generated 62% of sales with 5.4% growth, while new products drove 26% of revenue.
1. Q3 Financial Highlights
Third quarter net sales reached $56.6 million, a 3.3% decline from last year. The company recorded a GAAP net loss of $4.1 million, or $(0.32) per diluted share, versus non-GAAP net income of $1.5 million, or $0.12 per share.
2. Category Performance
Outdoor Lifestyle accounted for over 62% of net sales and grew 5.4%, led by BOG® and MEAT! Your Maker® brands. Shooting Sports declined 15% year-over-year, though Caldwell® growth was bolstered by the ClayCopter™ platform.
3. Innovation and New Products
New offerings comprised 26% of net sales, including the upcoming April rollout of SCORETRACKER® LIVE integrated into the BUBBA® app. The initiative aims to expand connected product ecosystems and support recurring revenue.
4. Balance Sheet and Outlook
The company ended the quarter debt-free with $10.4 million in cash and repurchased 181,000 shares for $1.4 million. Full-year guidance remains $191–193 million in net sales, with gross margin of 42–43% and stable Adjusted EBITDA expectations.