American Outdoor Brands Inc

American Outdoor Brands said Thursday it approved a new $10M share repurchase program effective through Sept. 30, 2027. The new authorization follows a prior $10M repurchase program initiated in 2025, under which the company bought back 236,907 shares for about $1.9M at an average price of $8.15 per share. The company said it may make repurchases occasionally through open-market purchases or other permitted transactions.

American Outdoor Brands reported a strong start to fiscal 2027, with first-quarter net sales rising 25.4% to $37.3 million and adjusted EBITDA turning positive at $1.2 million, up from a loss of $3.1 million a year earlier. The company maintained its full-year net sales guidance of $200 million to $210 million but raised its adjusted EBITDA forecast to $14.5 million to $17.5 million, up from a prior range of roughly $13 million to $16 million. Management attributed the improved profitability outlook to stronger e-commerce and new-product sales, which carry higher margins, while noting that tariff-related cost impacts are expected to emerge later in the third quarter and fully in the fourth quarter. The company also reported GAAP EPS of a loss of $0.12 and non-GAAP EPS of $0.03, with cash of $33.3 million and no debt.

American Outdoor Brands guided for fiscal 2027 net sales between $200 million and $210 million and an adjusted EBITDA margin of 6.5% to 7.5%. CEO Brian Murphy said fiscal 2026 net sales of $190.5 million were pressured by tariff uncertainty, uneven retailer ordering, and an inventory reset at its largest e-commerce retailer, but point-of-sale growth was approximately 4% for the year. CFO H. Fulmer noted the company ended fiscal 2026 with $21.4 million in cash and no debt, and recorded a $15.2 million tariff refund claim that reduced inventory carrying value by $10.8 million and cost of goods sold by $4.4 million. Management expects fiscal 2027 gross margins in the mid-40s and said guidance does not include any additional tariff rebate benefits beyond those already recorded.

American Outdoor Brands reported quarterly earnings of $0.13 per share, surpassing the Zacks Consensus Estimate of a loss of $0.01 per share, an earnings surprise of +2,700.00%. Revenue for the quarter ended April 2026 was $47.06 million, missing the consensus estimate by 2.84% and down from $61.94 million a year ago. The company has beaten EPS estimates twice in the last four quarters. Shares have gained about 33.1% year-to-date, outperforming the S&P 500's 7.5% gain.