American Outdoor Brands Inc. Reports 28.7% Decline in Quarterly Net Sales and $6.8 Million GAAP Net Loss for Q1 Fiscal 2026
American Outdoor Brands, Inc. (NASDAQ: AOUT) reported its financial results for the first quarter of fiscal 2026, ending on July 31, 2025. The company recorded net sales of $29.7 million, marking a decline of $11.9 million or 28.7% from the $41.6 million reported in the same quarter last year. The gross margin for the quarter improved to 46.7%, compared to 45.4% in the previous year's corresponding quarter. The company reported a GAAP net loss of $6.8 million for the quarter, compared to a GAAP net loss of $2.4 million in the comparable quarter of the previous year. The non-GAAP net loss for the quarter was $3.3 million, a shift from the non-GAAP net income of $748,000 recorded in the same period last year. Additionally, the non-GAAP Adjusted EBITDA was negative $3.1 million, representing -10.5% of net sales, compared to a positive $2.0 million or 4.8% of net sales in the comparable quarter last year. Brian Murphy, President and CEO, indicated that the company's brands continue to resonate with customers, although no specific outlook or guidance was provided in the release.
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