American Outdoor Brands (AOUT) Q1 2027 earnings summary

Executive summary

• Net sales for Q1 FY2027 were $37.3 million, up 25.4% year-over-year, with broad-based growth across outdoor lifestyle and shooting sports categories and strong new product sales accounting for over 36% of net sales.

• Gross margin improved to 53.0%, a 630 basis point increase, driven by new products, pricing actions, and lower tariff expenses.

• Adjusted EBITDA was $1.2 million, up from a loss of $3.1 million in the prior year, and cash at quarter-end was $33.3 million with no debt.

• Net loss narrowed to $1.5 million ($0.12 per share) from $6.8 million ($0.54 per share) in the prior year quarter.

• Innovation and new product launches were key, with industry recognition for products like Caldwell ClayCopter and BUBBA Pro Series Gen 2 Electric Fillet Knife.

Financial highlights

• Net sales increased by $7.6 million year-over-year to $37.3 million; outdoor lifestyle net sales grew 34.4% and shooting sports net sales rose 15.3%.

• Gross profit rose by $5.9 million, with gross margin at 53.0% versus 46.7% last year.

• Adjusted EBITDA margin for Q1 FY27 was approximately 3.2%.

• Non-GAAP net income for Q1 FY27 was $415,000 ($0.03 per share), compared to a non-GAAP net loss of $3.3 million ($0.26 per share) last year.

• Cash provided by operating activities was $13.0 million, compared to cash used of $1.7 million in the prior year.

Outlook and guidance

• Full-year FY2027 net sales guidance maintained at $200–$210 million, representing 5.0% to 10.2% growth.

• Adjusted EBITDA guidance raised to $14.5–$17.5 million, with the midpoint up 57% from prior year.

• Gross margins expected in the mid to high-40s for fiscal 2027.

• Capital expenditures for fiscal 2027 expected to be $3.5–$4.0 million.

• Focus remains on profitable growth, investment, and long-term value creation.