design master/iStock via Getty Images Listen below or on the go on Apple Podcasts and Spotify Stock index futures (SPX) tick up as investors brace for retail inflation report. (00:26) Gun stocks rise in wake of Charlie Kirk shooting. (01:42) Jack Ma’s Ant Group (BABA) unveils first humanoid robot with medical and culinary skills. (02:55) This is an abridged transcript. Stock index futures are higher as investors look forward to the key retail inflation report. S&P 500 futures (SPX) +0.2%, Nasdaq 100 ...

design master/iStock via Getty Images Listen below or on the go on Apple Podcasts and Spotify Stock index futures (SPX) tick up as investors brace for retail inflation report. (00:26) Gun stocks rise in wake of Charlie Kirk shooting. (01:42) Jack Ma’s Ant Group (BABA) unveils first humanoid robot with medical and culinary skills. (02:55) This is an abridged transcript. Stock index futures are higher as investors look forward to the key retail inflation report. S&P 500 futures (SPX) +0.2%, Nasdaq 100 ...

地方媒体称，此前有学生联名要求取消柯克本次演讲活动。 (责任编辑：宋政 HN002) 【免责声明】本文仅代表作者本人观点，与和讯网无关。和讯网站对文中陈述、观点判断保持中立，不对所包含内容 的准确性、可靠性或完整性提供任何明示或暗示的保证。请读者仅作参考，并请自行承担全部责任。邮箱： news_center@staff.hexun.com 枪击事件引发枪支"恐慌购买"，枪械股Smith&Wesson(SWBI.US)涨6.7%，American Outdoor(AOUT.US) 涨5.3%。 网上视频显示，在柯克被枪击前几秒钟，一名观众正在就枪支暴力问题询问他。"你知道过去十年美国 发生了多少起大规模枪击事件吗？"他回答说："算不算帮派暴力？"回答片刻之后被枪杀。 格隆汇9月11日｜9月10日，美国首都华盛顿白宫降半旗致哀。美国保守派活动人士、特朗普的政治盟友 查理·柯克10日在犹他州奥勒姆市的犹他山谷大学演讲时遭枪击身亡，终年31岁。 柯克是MAGA阵营最具影响力的"网红"之一，也是坚定的第二修正案(保障美国人民持有与携带武器的 权利)支持者，经常在公开场合反对更严格的枪支管制政策。 ...

Group 1 - The investment strategy focuses on long-only investment, evaluating companies from an operational and buy-and-hold perspective [1] - The approach does not prioritize market-driven dynamics or future price action, instead emphasizing long-term earnings power and competitive dynamics [1] - Most recommendations will be holds, indicating a cautious approach to market conditions, with only a small fraction of companies deemed suitable for purchase at any time [1] Group 2 - The articles aim to provide important information for future investors and introduce skepticism in a generally bullish market [1] - There is a clear distinction that the author's opinions do not constitute professional investment advice, and readers are encouraged to conduct their own due diligence [2][3]

Group 1 - U.S. stock futures showed mixed results, with Nasdaq futures gaining approximately 100 points on Friday [1] - American Outdoor Brands Inc reported a quarterly loss of 26 cents per share, missing the analyst consensus estimate of a loss of 25 cents per share [2] - The company's quarterly sales were reported at $29.702 million, falling short of the analyst consensus estimate of $35.773 million [2] - Following the earnings report, American Outdoor Brands shares dropped 18.4% to $8.45 in pre-market trading [2] Group 2 - Lululemon Athletica Inc experienced a decline of 17.5% to $170.00 in pre-market trading after lowering its FY25 guidance [4] - LifeVantage Corp saw a decrease of 14.5% to $11.50 in pre-market trading due to disappointing quarterly sales [4] - Quanex Building Products Corp fell 13.9% to $18.00 in pre-market trading after reporting worse-than-expected third-quarter adjusted EPS results [4] - Inventiva ADR declined 4.1% to $5.37 in pre-market trading [4] - Copart Inc dipped 3% to $48.52 in pre-market trading following its fourth-quarter results [4]

[Executive Summary & Company Overview](index=1&type=section&id=Executive%20Summary%20%26%20Company%20Overview) [First Quarter Fiscal 2026 Financial Highlights](index=1&type=section&id=First%20Quarter%20Fiscal%202026%20Financial%20Highlights) American Outdoor Brands, Inc. reported a significant decline in net sales for Q1 FY2026, primarily due to accelerated retailer orders in the prior quarter. Despite this, gross margin improved, though the company recorded increased GAAP and non-GAAP net losses and a negative Adjusted EBITDA Financial Highlights | Metric | Q1 FY2026 (July 31, 2025) | Q1 FY2025 (July 31, 2024) | Change ($) | Change (%) | | :----------------------- | :------------------------ | :------------------------ | :--------- | :--------- | | Net Sales | $29.7 million | $41.6 million | $(11.9) million | (28.7)% | | Gross Margin | 46.7% | 45.4% | +1.3 pp | | | GAAP Net Loss | $(6.8) million | $(2.4) million | $(4.4) million | (183.3)% | | GAAP EPS (Diluted) | $(0.54) | $(0.18) | $(0.36) | (200.0)% | | Non-GAAP Net Loss | $(3.3) million | $0.7 million | $(4.0) million | (571.4)% | | Non-GAAP EPS (Diluted) | $(0.26) | $0.06 | $(0.32) | (533.3)% | | Non-GAAP Adjusted EBITDA | $(3.1) million | $2.0 million | $(5.1) million | (255.0)% | | Adjusted EBITDA % of Sales | (10.5)% | 4.8% | -15.3 pp | | [About American Outdoor Brands, Inc.](index=4&type=section&id=About%20American%20Outdoor%20Brands%2C%20Inc.) American Outdoor Brands, Inc. is an innovation company providing product solutions for outdoor enthusiasts across various categories, marketing a diverse portfolio of well-known brands - The company provides product solutions for outdoor enthusiasts in categories including hunting, fishing, camping, shooting, meat processing, outdoor cooking, and personal security/defense[9](index=9&type=chunk) - Key brands include BOG®, BUBBA®, Caldwell®, Crimson Trace®, Frankford Arsenal®, Grilla Grills®, Hooyman®, Imperial®, LaserLyte®, Lockdown®, MEAT! Your Maker®, Old Timer®, Schrade®, Tipton®, Uncle Henry®, ust®, and Wheeler®[9](index=9&type=chunk) [Management Commentary & Business Update](index=1&type=section&id=Management%20Commentary%20%26%20Business%20Update) [CEO's Strategic Review](index=1&type=section&id=CEO%27s%20Strategic%20Review) The CEO highlighted strong consumer resonance and point-of-sale performance, noting that new products contributed significantly to net sales. He also addressed the impact of accelerated retailer orders from the previous quarter on current net sales, emphasizing the effectiveness of their strategy despite the reported decline - Brands continue to resonate with consumers, fueling stronger point-of-sale performance versus peers across several strategic product categories[3](index=3&type=chunk) - New products represented nearly **29% of net sales** during the first quarter[3](index=3&type=chunk) - Adjusting for approximately **$10 million** in accelerated retailer orders from Q1 FY2026 into Q4 FY2025, total first quarter net sales would have declined approximately **5%**, with traditional channel net sales increasing by about **15%**[3](index=3&type=chunk) [CFO's Financial Review](index=3&type=section&id=CFO%27s%20Financial%20Review) The CFO reiterated the impact of accelerated orders on net sales and emphasized the company's strong balance sheet, disciplined capital deployment through share repurchases, and debt-free status, providing flexibility for strategic objectives - Including approximately **$10 million** of net sales accelerated by retailers from Q1 FY2026 into Q4 FY2025, first-quarter fiscal 2026 net sales would have declined **4.7%** compared with the prior-year period[5](index=5&type=chunk) Share Repurchase Activity | Activity | Q1 FY2026 (July 31, 2025) | | :---------------- | :------------------------ | | Shares Repurchased | ~240,000 shares | | Cost | $2.5 million | - The company ended the first quarter debt-free with **$17.8 million** in cash, providing a strong financial foundation for growth opportunities[5](index=5&type=chunk) [Business Developments & Outlook](index=3&type=section&id=Business%20Developments%20%26%20Outlook) The company announced an expanded partnership for its BUBBA brand with Major League Fishing, aiming to accelerate recurring subscription revenue. Management anticipates continued shifting market conditions and evolving consumer trends, committing to agility, innovation, and strengthening retail partnerships - Expanded partnership between the BUBBA brand and Major League Fishing (MLF) to integrate MLF SCORETRACKER® technology into the BUBBA app, launching SCORETRACKER LIVE in Spring 2026[5](index=5&type=chunk) - This innovation is expected to accelerate recurring subscription revenue and extend BUBBA's reach[5](index=5&type=chunk) - The near-term environment is expected to reflect shifting market conditions and evolving consumer trends, requiring agility and adaptability, with a continued focus on innovation, consumer proximity, retail partnerships, and disciplined execution[5](index=5&type=chunk) [Detailed Financial Results](index=6&type=section&id=Detailed%20Financial%20Results) [Consolidated Statements of Operations](index=8&type=section&id=Consolidated%20Statements%20of%20Operations) For the three months ended July 31, 2025, the company reported a significant decrease in net sales and a higher net loss compared to the prior year, despite a slight improvement in gross profit margin Consolidated Statements of Operations (in millions) | Metric | Q1 FY2026 (July 31, 2025) | Q1 FY2025 (July 31, 2024) | | :---------------------- | :------------------------ | :------------------------ | | Net Sales | $29.702 million | $41.643 million | | Cost of Sales | $15.844 million | $22.717 million | | Gross Profit | $13.858 million | $18.926 million | | Operating Expenses | $20.677 million | $21.500 million | | Operating Loss | $(6.819) million | $(2.574) million | | Net Loss | $(6.829) million | $(2.365) million | | Basic and Diluted EPS | $(0.54) | $(0.18) | [Consolidated Balance Sheets](index=6&type=section&id=Consolidated%20Balance%20Sheets) As of July 31, 2025, total assets slightly decreased, while total liabilities increased compared to April 30, 2025. The company maintained a strong cash position and managed inventory levels Consolidated Balance Sheets (in millions) | Balance Sheet Item | July 31, 2025 (Unaudited) | April 30, 2025 | | :------------------------ | :------------------------ | :------------- | | Total Assets | $241.911 million | $246.355 million | | Total Liabilities | $74.073 million | $68.745 million | | Total Equity | $167.838 million | $177.610 million | | Cash and Cash Equivalents | $17.771 million | $23.423 million | | Accounts Receivable, net | $21.754 million | $39.337 million | | Inventories | $125.787 million | $104.717 million | [Consolidated Statements of Cash Flows](index=9&type=section&id=Consolidated%20Statements%20of%20Cash%20Flows) For the three months ended July 31, 2025, the company experienced net cash outflows from operating, investing, and financing activities, resulting in a net decrease in cash and cash equivalents Consolidated Statements of Cash Flows (in millions) | Cash Flow Activity | Q1 FY2026 (July 31, 2025) | Q1 FY2025 (July 31, 2024) | | :------------------------------ | :------------------------ | :------------------------ | | Net Cash Used in Operating Activities | $(1.688) million | $(4.352) million | | Net Cash Used in Investing Activities | $(0.370) million | $(1.105) million | | Net Cash Used in Financing Activities | $(3.594) million | $(0.778) million | | Net Decrease in Cash and Cash Equivalents | $(5.652) million | $(6.235) million | | Cash and Cash Equivalents, End of Period | $17.771 million | $23.463 million | [Non-GAAP Financial Measures](index=3&type=section&id=Non-GAAP%20Financial%20Measures) [Explanation of Non-GAAP Measures](index=3&type=section&id=Explanation%20of%20Non-GAAP%20Measures) The company presents non-GAAP financial measures like "non-GAAP net loss" and "Adjusted EBITDA" to provide a clearer understanding of underlying performance trends by excluding certain items such as amortization of acquired intangibles, stock compensation, and non-recurring adjustments - Non-GAAP measures are used as supplemental indicators of operating performance to provide an improved understanding of underlying performance trends[7](index=7&type=chunk) - Adjustments to GAAP measures typically exclude amortization of acquired intangible assets, stock compensation, non-recurring inventory reserve adjustments, emerging growth status transition costs, and income tax adjustments[7](index=7&type=chunk) - These non-GAAP measures have limitations as an analytical tool and should not be considered in isolation or as a substitute for GAAP measures, as they do not reflect actual expenses and may inflate financial measures on a GAAP basis[8](index=8&type=chunk) [Reconciliation of GAAP to Non-GAAP Net Loss and EPS](index=10&type=section&id=Reconciliation%20of%20GAAP%20to%20Non-GAAP%20Net%20Loss%20and%20EPS) The reconciliation details the adjustments made to GAAP net loss and diluted EPS to arrive at the non-GAAP figures, primarily by adding back amortization of acquired intangible assets, stock compensation, and income tax adjustments Reconciliation of GAAP to Non-GAAP Net Loss and EPS (in millions, except EPS) | Metric | Q1 FY2026 (July 31, 2025) | Q1 FY2025 (July 31, 2024) | | :-------------------------------------- | :------------------------ | :------------------------ | | GAAP Net Loss | $(6.829) million | $(2.365) million | | Amortization of acquired intangible assets | $1.834 million | $2.119 million | | Stock compensation | $0.651 million | $0.932 million | | Non-recurring inventory reserve adjustment | — | $0.221 million | | Emerging growth status transition costs | — | $0.042 million | | Income tax adjustments | $1.039 million | $(0.201) million | | Non-GAAP Net (Loss)/Income | $(3.305) million | $0.748 million | | GAAP Net Loss per Share - Diluted | $(0.54) | $(0.18) | | Non-GAAP Net (Loss)/Income per Share - Diluted | $(0.26) | $0.06 | [Reconciliation of GAAP Net Loss to Non-GAAP Adjusted EBITDA](index=11&type=section&id=Reconciliation%20of%20GAAP%20Net%20Loss%20to%20Non-GAAP%20Adjusted%20EBITDA) The reconciliation from GAAP net loss to non-GAAP Adjusted EBITDA involves adding back interest income, income tax expense, depreciation and amortization, stock compensation, and non-recurring adjustments Reconciliation of GAAP Net Loss to Non-GAAP Adjusted EBITDA (in millions) | Metric | Q1 FY2026 (July 31, 2025) | Q1 FY2025 (July 31, 2024) | | :-------------------------------------- | :------------------------ | :------------------------ | | GAAP Net Loss | $(6.829) million | $(2.365) million | | Interest income | $(0.007) million | $(0.148) million | | Income tax expense | $0.052 million | $0.022 million | | Depreciation and amortization | $3.017 million | $3.284 million | | Stock compensation | $0.651 million | $0.932 million | | Non-recurring inventory reserve adjustment | — | $0.221 million | | Emerging growth status transition costs | — | $0.042 million | | Non-GAAP Adjusted EBITDA | $(3.116) million | $1.988 million | [Forward-Looking Statements & Investor Information](index=3&type=section&id=Forward-Looking%20Statements%20%26%20Investor%20Information) [Safe Harbor Statement](index=4&type=section&id=Safe%20Harbor%20Statement) The report includes a safe harbor statement for forward-looking statements, cautioning that actual results may differ materially due to various risks and uncertainties, including economic factors, supply chain disruptions, and market conditions - The press release contains forward-looking statements regarding future operating results, financial position, business strategy, and objectives[10](index=10&type=chunk) - These statements are qualified by important risks, uncertainties, and other factors that could cause actual results to differ materially, such as disruptions in material sourcing and manufacturing, economic and regulatory factors (e.g., tariffs), product recalls, inventory levels, and consumer spending[10](index=10&type=chunk)[11](index=11&type=chunk) [Conference Call and Webcast](index=3&type=section&id=Conference%20Call%20and%20Webcast) American Outdoor Brands, Inc. hosted a conference call and webcast on September 4, 2025, to discuss its first quarter fiscal 2026 financial and operational results, featuring the President and CEO, and CFO - A conference call and webcast were held on September 4, 2025, at 5:00 p.m. Eastern Time to discuss the Q1 FY2026 financial and operational results[6](index=6&type=chunk) - Participants included Brian Murphy (President and CEO) and Andrew Fulmer (CFO)[6](index=6&type=chunk) - Access was available via telephone at (833) 630-1956 or live webcast on the company's website (aob.com) under the Investor Relations section[6](index=6&type=chunk)

Financial Performance - American Outdoor Brands, Inc. reported a quarterly loss of $0.26 per share, which was worse than the Zacks Consensus Estimate of a loss of $0.16, and compared to earnings of $0.06 per share a year ago, indicating a significant decline [1] - The company posted revenues of $29.7 million for the quarter ended July 2025, missing the Zacks Consensus Estimate by 19.29%, and down from $41.64 million in the same quarter last year [2] - Over the last four quarters, the company has surpassed consensus EPS estimates three times, but has underperformed the market with shares losing about 32.8% since the beginning of the year [2][3] Earnings Outlook - The current consensus EPS estimate for the coming quarter is $0.38 on revenues of $61 million, and for the current fiscal year, it is $0.41 on revenues of $212.9 million [7] - The estimate revisions trend for American Outdoor Brands was mixed ahead of the earnings release, resulting in a Zacks Rank 3 (Hold) for the stock, indicating expected performance in line with the market [6] Industry Context - The Leisure and Recreation Products industry, to which American Outdoor Brands belongs, is currently in the bottom 35% of over 250 Zacks industries, suggesting potential challenges ahead [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which could impact investor sentiment and stock performance [5]

Financial Data and Key Metrics Changes - Net sales in Q1 were $29.7 million, a decrease of 28.7% compared to $41.6 million in Q1 last year [14] - On a six-month basis, net sales for Q4 and Q1 combined increased by 4.2% compared to the same period last year [14] - Gross margin for Q1 was 46.7%, up 130 basis points compared to Q1 last year [17] - GAAP EPS for Q1 was a loss of $0.54 compared to a loss of $0.18 last year, while non-GAAP EPS was negative $0.26 compared to $0.06 in Q1 last year [18] Business Line Data and Key Metrics Changes - Traditional channel net sales decreased by 24.4% in Q1, while e-commerce net sales decreased by 35.2% compared to last year [14] - Net sales in shooting sports decreased by 25.1%, and outdoor lifestyle net sales decreased by 31.6% over Q1 last year [16] - Domestic net sales decreased by roughly 25%, while international net sales decreased by 58.2% or $2.6 million compared to Q1 last year [16] Market Data and Key Metrics Changes - Purchasing activity from retailers in Q1 reflected replenishment cycles that were turned on and off on a retailer-by-retailer basis [9] - E-commerce channel underperformed in Q1 due to lower order flow from a large e-commerce retailer adjusting its purchasing patterns [10] Company Strategy and Development Direction - The company emphasizes consumer-driven innovation and adapting to a shifting environment to strengthen brand equity and long-term growth [5][6] - An expanded partnership with Major League Fishing aims to enhance recurring subscription revenue and product introductions [11] - The company plans to introduce new products at the upcoming Shot Show in January, focusing on innovation to fuel growth [12] Management's Comments on Operating Environment and Future Outlook - The current environment is characterized by evolving tariff impacts and macroeconomic uncertainty, similar to FY2023 [6][22] - Management expects a year-over-year decline in net sales for Q2 of approximately 15% but remains optimistic about the overall year due to strong POS performance and new product launches [23][24] - The company is focused on maintaining gross margins and controlling costs while supporting long-term growth initiatives [24] Other Important Information - The company ended the quarter with $17.8 million in cash and no debt, maintaining a strong balance sheet [19] - Inventory increased by $21.1 million in the quarter, primarily for seasonal inventory build and tariff-related adjustments [20] Q&A Session Summary Question: Is there still excess tariff-related inventory at retail partners? - Management indicated that while some inventory was accelerated into the prior quarter, it would not be classified as excess [26] Question: How much pricing have you taken so far regarding tariffs? - Management discussed a multi-faceted approach to offset price increases, including supplier concessions and product redesigns, with ongoing adjustments expected throughout the year [27][28] Question: When do you expect order choppiness to settle down? - Management noted that retailers are ordering cautiously, and as inventory normalizes, they expect improved visibility moving forward [36][38] Question: Which brands are seeing the strongest POS? - Brands like Caldwell and BUBBA are performing well, with strong POS data indicating consumer demand [41] Question: What is the status of the M&A pipeline? - The company remains active in looking for acquisition targets but is finding fewer opportunities and is being patient in its approach [44][45] Question: Are consumers trading down to more value-oriented products? - Management observed that while some consumers may be trading down, the company's products continue to attract affluent consumers and enthusiasts [50][51]

[PART I - FINANCIAL INFORMATION](index=6&type=section&id=PART%20I%20-%20FINANCIAL%20INFORMATION) This section presents the unaudited financial statements and management's discussion and analysis for the first fiscal quarter, along with market risk and controls disclosures [Item 1. Financial Statements (Unaudited)](index=6&type=section&id=Item%201.%20Financial%20Statements%20(Unaudited)) Presents unaudited condensed consolidated financial statements, including balance sheets, operations, equity, cash flows, and notes [Condensed Consolidated Balance Sheets](index=6&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) This table presents the condensed consolidated balance sheets, detailing assets, liabilities, and equity as of July 31, 2025, and April 30, 2025 ASSETS (in thousands) | ASSETS (in thousands) | July 31, 2025 | April 30, 2025 | | :-------------------- | :------------ | :------------- | | Cash and cash equivalents | $17,771 | $23,423 | | Accounts receivable, net | $21,754 | $39,337 | | Inventories | $125,787 | $104,717 | | Total current assets | $169,795 | $171,590 | | Property, plant, and equipment, net | $10,623 | $11,231 | | Intangible assets, net | $29,471 | $31,411 | | Total assets | $241,911 | $246,355 | LIABILITIES AND EQUITY (in thousands) | LIABILITIES AND EQUITY (in thousands) | July 31, 2025 | April 30, 2025 | | :---------------------------------- | :------------ | :------------- | | Accounts payable | $23,051 | $15,717 | | Accrued expenses | $16,841 | $13,872 | | Accrued payroll and incentives | $876 | $5,871 | | Total current liabilities | $42,192 | $36,796 | | Total liabilities | $74,073 | $68,745 | | Total equity | $167,838 | $177,610 | | Total liabilities and equity | $241,911 | $246,355 | [Condensed Consolidated Statements of Operations](index=8&type=section&id=Condensed%20Consolidated%20Statements%20of%20Operations) This table presents the condensed consolidated statements of operations, detailing net sales, expenses, and net loss for the three months ended July 31, 2025 and 2024 (in thousands, except per share data) | (in thousands, except per share data) | For the Three Months ended July 31, 2025 | For the Three Months ended July 31, 2024 | | :------------------------------------ | :--------------------------------------- | :--------------------------------------- | | Net sales | $29,702 | $41,643 | | Cost of sales | $15,844 | $22,717 | | Gross profit | $13,858 | $18,926 | | Total operating expenses | $20,677 | $21,500 | | Operating loss | $(6,819) | $(2,574) | | Net loss | $(6,829) | $(2,365) |\ | Net loss per share: Basic and diluted | $(0.54) | $(0.18) | [Condensed Consolidated Statements of Stockholders' Equity](index=9&type=section&id=Condensed%20Consolidated%20Statements%20of%20Stockholders'%20Equity) This table presents the condensed consolidated statements of stockholders' equity, showing changes in common stock, additional paid-in capital, retained earnings, and treasury stock (in thousands) | (in thousands) | Balance at April 30, 2025 | Net loss | Stock-based compensation | Issuance of common stock under restricted stock unit awards, net of tax | Repurchase of treasury stock | Balance at July 31, 2025 | | :------------- | :------------------------ | :------- | :----------------------- | :------------------------------------------------------ | :--------------------------- | :----------------------- | | Common Stock (Shares) | 14,974 | — | — | 197 | — | 15,171 | | Common Stock (Amount) | $15 | — | — | — | — | $15 | | Additional Paid-In Capital | $280,711 | — | $651 | $(1,070) | — | $280,292 | | Retained (Deficit)/Earnings | $(74,700) | $(6,829) | — | — | — | $(81,529) | | Treasury Stock (Shares) | 2,278 | — | — | — | 240 | 2,518 | | Treasury Stock (Amount) | $(28,416) | — | — | — | $(2,524) | $(30,940) | | Total Equity | $177,610 | $(6,829) | $651 | $(1,070) | $(2,524) | $167,838 | [Condensed Consolidated Statements of Cash Flows](index=10&type=section&id=Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) This table presents the condensed consolidated statements of cash flows, detailing cash movements from operating, investing, and financing activities (in thousands) | (in thousands) | For the Three Months Ended July 31, 2025 | For the Three Months Ended July 31, 2024 | | :------------- | :--------------------------------------- | :--------------------------------------- | | Net cash used in operating activities | $(1,688) | $(4,352) | | Net cash used in investing activities | $(370) | $(1,105) | | Net cash used in financing activities | $(3,594) | $(778) | | Net decrease in cash and cash equivalents | $(5,652) | $(6,235) | | Cash and cash equivalents, beginning of period | $23,423 | $29,698 | | Cash and cash equivalents, end of period | $17,771 | $23,463 | [Notes to Condensed Consolidated Financial Statements (Unaudited)](index=11&type=section&id=Notes%20to%20Condensed%20Consolidated%20Financial%20Statements%20(Unaudited)) Provides detailed notes on accounting policies, asset breakdowns, debt, equity, and other financial disclosures [(1) Organization](index=11&type=section&id=(1)%20Organization) This note describes American Outdoor Brands, Inc. as a leading provider of outdoor lifestyle and shooting sports products, organized into four distinct brand lanes - American Outdoor Brands, Inc. is a leading provider of outdoor lifestyle products and shooting sports accessories, encompassing hunting, fishing, meat processing, outdoor cooking, camping, shooting, and personal security and defense products [23](index=23&type=chunk) - The company organizes its product development, customer service, and marketing teams into four brand lanes: Adventurer, Harvester, Marksman, and Defender, each focusing on distinct consumer verticals [24](index=24&type=chunk)[27](index=27&type=chunk) [(2) Basis of Presentation](index=11&type=section&id=(2)%20Basis%20of%20Presentation) This note outlines revenue recognition policies, disaggregates net sales by channel, geography, and product category, and discusses the impact of recent accounting pronouncements - Revenue is recognized when control of ownership transfers to the customer, typically on shipment or delivery, based on contractual terms [28](index=28&type=chunk) Net Sales Disaggregation (in thousands) | Net Sales Disaggregation (in thousands) | 2025 | 2024 | $ Change | % Change | | :------------------------------------ | :----------- | :----------- | :----------- | :----------- | | e-commerce channels net sales | $10,691 | $16,501 | $(5,810) | (35.2%) | | Traditional channels net sales | $19,011 | $25,142 | $(6,131) | (24.4%) | | Total net sales | $29,702 | $41,643 | $(11,941) | (28.7%) | Geographic Net Sales (in thousands) | Geographic Net Sales (in thousands) | 2025 | 2024 | $ Change | % Change | | :------------------------------------ | :----------- | :----------- | :----------- | :----------- | | Domestic net sales | $27,849 | $37,213 | $(9,364) | (25.2%) | | International net sales | $1,853 | $4,430 | $(2,577) | (58.2%) | | Total net sales | $29,702 | $41,643 | $(11,941) | (28.7%) | Product Category Net Sales (in thousands) | Product Category Net Sales (in thousands) | 2025 | 2024 | $ Change | % Change | | :---------------------------------------- | :----------- | :----------- | :----------- | :----------- | | Shooting sports net sales | $13,983 | $

Core Viewpoint - Pomerantz LLP is investigating potential securities fraud or unlawful business practices involving American Outdoor Brands, Inc. and its officers or directors [1] Financial Performance - On June 26, 2025, American Outdoor reported its financial results for Q4 and the full fiscal year 2025, revealing that retailers accelerated orders, pulling forward an estimated $8 million to $10 million in sales from the upcoming fiscal year [3] - The company announced the suspension of its fiscal 2026 guidance due to uncertainties surrounding tariffs [3] Stock Market Reaction - Following the financial results announcement, American Outdoor's stock price dropped by $1.57 per share, or 13.13%, closing at $10.39 per share on June 27, 2025 [4]