American Outdoor Brands(AOUT) - 2026 Q3 - Quarterly Results

Financial Performance - Quarterly net sales were $56.6 million, a decrease of $1.9 million, or 3.3%, compared to $58.5 million in the same quarter last year[5] - The company reported a GAAP net loss of $4.1 million, or $(0.32) per diluted share, compared to a GAAP net income of $169,000, or $0.01 per diluted share, for the same quarter last year[5] - Non-GAAP net income was $1.5 million, or $0.12 per diluted share, compared to $2.7 million, or $0.21 per diluted share, in the same quarter last year[5] - Operating loss for the three months ended January 31, 2026, was $(3,913,000), compared to an operating income of $303,000 in the same period of 2025[20] - Net loss for the nine months ended January 31, 2026, was $(8,827,000), compared to a net income of $915,000 in 2025[23] - GAAP net loss for Q3 2026 was $4,073,000, compared to a net income of $169,000 in Q3 2025[26] - For the nine months ended January 31, 2026, GAAP net loss was $8,827,000, compared to a net income of $915,000 for the same period in 2025[26] Gross Margin and Profitability - Gross margin for the quarter was 41.0%, down from 44.7% in the comparable quarter last year[5] - Gross profit for the nine months ended January 31, 2026, was $63,136,000, down 14.6% from $73,955,000 in 2025[20] - GAAP gross profit for Q3 2026 was $23,180,000, a decrease of 11.1% from $26,123,000 in Q3 2025[25] - Non-GAAP gross profit for Q3 2026 was $23,180,000, down from $26,346,000 in Q3 2025, reflecting a decline of 11.8%[25] Sales and Product Performance - New products accounted for over 26% of net sales in the quarter, with the SCORETRACKER® LIVE platform set to launch in April[7] - The Outdoor Lifestyle category generated over 62% of net sales, with a growth of 5.4%, driven by BOG® and MEAT! Your Maker® brands[4] - The Shooting Sports category declined 15% year over year, primarily due to softness in aiming solution products[6] - Net sales for the three months ended January 31, 2026, were $56,576,000, a decrease of 3.2% compared to $58,505,000 for the same period in 2025[20] Future Outlook - The company expects fiscal 2026 net sales to be in the range of approximately $191 million to $193 million, maintaining its financial outlook[10] - For the full fiscal year, gross margin is expected to be in the range of 42% to 43%[10] Cash and Equity Position - The company ended the quarter debt-free with $10.4 million in cash and repurchased approximately 181,000 shares for $1.4 million[9] - Total current assets decreased to $158,591,000 as of January 31, 2026, from $171,590,000 as of April 30, 2025[18] - Total liabilities decreased to $59,304,000 as of January 31, 2026, from $68,745,000 as of April 30, 2025[18] - Cash and cash equivalents at the end of the period were $10,395,000, down from $23,423,000 at the beginning of the period[23] - Total equity decreased to $165,669,000 as of January 31, 2026, from $177,610,000 as of April 30, 2025[18] Research and Development - Research and development expenses for the three months ended January 31, 2026, were $1,332,000, a decrease from $1,947,000 in the same period of 2025[20]