AOUT Q3 2026 Earnings: $56.6M Revenue Tops Estimates

American Outdoor Brands, Inc. (NASDAQ: AOUT) announced its third quarter fiscal 2026 financial results on March 12, 2026, for the period ended January 31, 2026. The company reported net sales of $56.6 million, surpassing analyst expectations of $53.8 million, despite a 3.3% decline from $58.5 million in the prior year.

Key Financial Highlights

Gross margin reached 41.0%, down from 44.7% last year, impacted by inventory clearance and higher tariff costs. The company posted a GAAP net loss of $4.1 million, or $(0.32) per diluted share, compared to a net income of $169,000, or $0.01 per share, in the year-ago quarter.

On a non-GAAP basis, net income stood at $1.5 million, or $0.12 per diluted share, versus $2.7 million, or $0.21 per share, previously. Adjusted EBITDA came in at $3.3 million, representing 5.8% of net sales, lower than $4.7 million, or 8.1%, last year.

The Outdoor Lifestyle category drove 62% of net sales, growing 5.4% year-over-year, led by BOG and MEAT! Your Maker brands. Shooting Sports saw a 15% decline, offset by strong performance from Caldwell’s ClayCopter platform. New products accounted for over 26% of sales.

Executive Commentary

Brian Murphy, President and Chief Executive Officer, highlighted the results: “We delivered third quarter net sales that exceeded our expectations, supported by strong retail sell-through and momentum across growth brands. Total point-of-sale increased 5% year-over-year.”

Murphy emphasized innovation: “New products represented over 26% of our net sales. We’re executing a strategy pairing innovative hardware with digital capabilities.”

Andrew Fulmer, Chief Financial Officer, noted: “Net sales exceeded expectations with gross margins of 41%. We repurchased 181,000 shares for $1.4 million and ended debt-free with $10.4 million in cash.”

Fiscal 2026 Guidance Unchanged

Executives reaffirmed the full-year outlook: net sales of $191 million to $193 million, gross margin of 42% to 43%, and Adjusted EBITDA of 4.0% to 4.5% of net sales. Adjusting for $10 million in accelerated orders from fiscal 2025 due to tariffs, the underlying sales decline would approximate 5%.

The balance sheet shows $10.4 million in cash, no debt, and total assets of $225.0 million as of January 31, 2026.

Investors can access a replay of the earnings conference call on the company’s investor relations website at ir.aob.com.