American Outdoor Brands, Inc. (AOUT) reported third-quarter fiscal 2024 results, with the top and the bottom line surpassing the Zacks Consensus Estimate. Both metrics beat estimates for the fourth straight quarter.Following the results, the company’s shares increased 4.8% in the after-hours trading session on Mar 7.  The company believes its brands are well-positioned to benefit from positive, long-term consumer outdoor participation trends. AOUT reaffirms its anticipation that its net sales for fiscal 202 ...

Financial Data and Key Metrics - Net sales for Q3 2024 were $53.4 million, a 5% increase compared to Q3 2023, and a 23.3% increase compared to the pre-pandemic Q3 of fiscal 2020 [20] - Gross margin for Q3 was 42.7%, down from 47.1% in Q3 2023, due to higher tariff and freight cost amortization and increased promotional activity [22] - GAAP EPS was a loss of $0.23 for Q3, compared to a loss of $0.21 in Q3 2023, while non-GAAP EPS was $0.08, down from $0.13 in the prior year [24] - Adjusted EBITDAS for Q3 was $2.4 million, compared to $3.3 million in Q3 2023 [24] - The company ended Q3 with $15.9 million in cash, no debt, and total available capital of approximately $106 million [26] Business Line Performance - Outdoor Lifestyle category grew 2.8% year-over-year in Q3, driven by hunting and fishing-related products, and has grown 43.1% compared to the pre-pandemic Q3 of fiscal 2020 [7][21] - Shooting Sports category grew 7.6% year-over-year in Q3, driven by personal protection and shooting accessories, and has grown almost 6% compared to the pre-pandemic Q3 of fiscal 2020 [8][21] - E-commerce sales increased by 1.6% year-over-year, while traditional channel sales grew by 8.1% [21] - International sales grew by over 72% in Q3, driven by the introduction of lifestyle brands in the Canadian market [9] Market Performance - POS sales increased for both Outdoor Lifestyle and Shooting Sports categories, indicating strong consumer demand [9] - Retailers are focusing on careful inventory management and seeking innovative products, which aligns with the company's strategy to introduce new products and expand shelf space [19] Strategic Direction and Industry Competition - The company continues to focus on innovation, with a robust new product pipeline extending well into the next 5 years, positioning its brands to expand market share and enter new product categories [11] - The company's Dock and Unlock process has been successful in driving growth by entering new product categories and building brand loyalty [10] - The company is strategically expanding into international markets and leveraging its direct-to-consumer model to strengthen its connection with consumers [9][15] Management Commentary on Operating Environment and Future Outlook - Management highlighted the success of new product launches, such as the Caldwell Claymore and Grilla Mammoth smoker, which have been well-received by consumers and retailers [12][15] - The company expects full-year net sales growth of up to 3.5% for fiscal 2024, with gross margins expected to be around 44% [28] - Operating expenses are expected to decline slightly on a GAAP basis for fiscal 2024, while non-GAAP operating expenses are expected to increase slightly due to higher selling and distribution costs [29] Other Important Information - The company repurchased approximately 210,000 shares for $1.8 million in Q3, as part of its share repurchase program [27] - Capital expenditures for fiscal 2024 are expected to be between $6 million and $6.5 million, with $3 million to $3.5 million being recurring expenses [27] Q&A Session Summary Question: Inventory levels at retailers and confidence in future progress - Inventory levels in the channel were down, except for Outdoor Lifestyle due to the MEAT! load-in and work with Academy [32] - The company is focused on maintaining a tight link between sell-in and sell-through to avoid excess inventory in the channel [41] Question: Appetite for M&A given internal innovation efforts - The company evaluates acquisitions based on where its brands do not have "permission to play" or where it can augment existing innovation plans [35][36] - The company is actively looking for M&A opportunities, with a strong cash position and no debt [45] Question: Sales growth deceleration in Q4 - The expected deceleration in Q4 growth is attributed to the seasonal nature of the business, with Q2 and Q3 typically being stronger quarters [39] Question: Opportunities for higher load-in and new product launches - The company expects new product launches in late April to drive load-ins, along with new distribution opportunities and new retailers coming online [43] Question: Near-term appetite for acquisitions - The company is cautious about M&A in frothy markets but is actively looking for opportunities, with a strong pipeline and clear acquisition targets [45]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended January 31, 2024 Commission File No. 001-39366 American Outdoor Brands, Inc. (Exact name of registrant as specified in its charter) Delaware 84-4630928 (State or other jurisdiction of incorporation or organization) (I. ...

Exhibit 99.1 1800 N Route Z, Suite A Columbia, MO 65202 (800) 338-9585 NASDAQ: AOUT Contact: Liz Sharp, VP, Investor Relations lsharp@aob.com (573) 303-4620 American Outdoor Brands, Inc. Reports Third Quarter Fiscal 2024 Financial Results • Net Sales $53.4 Million – Up 5.0% • Gross Margin 42.7% • Traditional Channel Sales $28.5 Million – Up 8.1% • E-Commerce Channel Sales $24.9 Million – Up 1.6% COLUMBIA, Mo., March 7, 2024 – American Outdoor Brands, Inc. (NASDAQ Global Select: AOUT), an industry leading pr ...

The Zacks Leisure and Recreation Products industry faces challenges due to high inflation and concerns regarding the global economy. Nevertheless, there is a positive trend in the sales of fitness products, driven by growing health and fitness awareness and strong boat sales. The industry participants — which design, market, retail and distribute products for the outdoor and recreation market — are witnessing solid demand. Stocks like Academy Sports and Outdoors, Inc. (ASO) , Acushnet Holdings Corp. (GOLF) ...

webphotographeer/iStock via Getty Images I last wrote on (NASDAQ:AOUT) in July, and I felt that there was no reason to buy it. Its stock price has fallen around 4.5% since then, underperforming compared to the market standards. However, I think the current picture of AOUT looks good, and it can be rewarding in the coming times. It provides a good risk-to-reward setup, and its valuation looks cheap. Hence, I am upgrading my rating to buy. Financial Analysis It recently announced its Q2 FY24 results. The ...

Financial Data and Key Metrics Changes - The company reported net sales of $57.9 million for Q2 2024, an increase of 6.4% compared to $54.4 million in Q2 2023, and a 21.3% increase compared to the pre-pandemic Q2 of fiscal 2020 [14][5][21] - Gross margin decreased to 45.7% from 47.7% in the prior year, primarily due to increased promotional activity [15][16] - GAAP EPS was $0.01 for Q2 2024, down from $0.03 in Q2 2023, while non-GAAP EPS was $0.25 compared to $0.29 in the prior year [17] Business Line Data and Key Metrics Changes - The outdoor lifestyle category saw a year-over-year growth of 14.3%, contributing nearly 60% of total sales in Q2 2024 [14][6] - The shooting sports category experienced a decline of 3.4% in net sales compared to the previous year, primarily due to a drop in aiming solution products [15][8] Market Data and Key Metrics Changes - Sales growth in the traditional channel increased by 8.7%, while e-commerce net sales rose by 3.3% year-over-year [15] - Point-of-sale data indicated a slight overall decline, with outdoor lifestyle remaining relatively flat and shooting sports showing a decline driven by aiming solutions [10][9] Company Strategy and Development Direction - The company aims to grow its outdoor lifestyle segment through retail expansion and strategic partnerships, such as the collaboration with Academy Sports and Outdoors [6][7] - Innovation is a core element of the company's long-term growth strategy, with over 25% of Q2 net sales generated from new product introductions [12][13] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about achieving full-year net sales growth of up to 3.5% for fiscal 2024, with expectations for Q3 to be relatively flat compared to the previous year [21][25] - The company anticipates gross margins to be between 44% and 45% for the full fiscal year, indicating a slight decline in the second half [22] Other Important Information - The company ended Q2 2024 with cash of $8.4 million and no debt, having repurchased approximately $1.5 million of common stock [18][20] - A new share repurchase program of up to $10 million was approved, effective from October 2023 through September 2024 [20] Q&A Session Summary Question: Insights on MEAT's addition to traditional channels - Management confirmed that traditional channel growth occurred even without MEAT's sales, indicating positive underlying trends [30] Question: Demand for shooting sports products in October - Management noted that while aiming solutions declined, other brands performed well, indicating a mixed demand landscape [32] Question: Clarification on EBITDAS margin guidance - The expected EBITDAS margin range is between 4% and 5.5% [33] Question: Launch exclusivity and pricing for MEAT - Management clarified that while there are shared products between DTC and retail, there are also products tailored for retail customers [39] Question: Retail ordering patterns and opportunities - Management observed that retailers ordered earlier due to competitive promotions and inventory management strategies [42] Question: Performance of outdoor lifestyle versus shooting sports - Outdoor lifestyle outperformed shooting sports, with new product introductions driving sales [47] Question: Planned promotional strategy for the second half - Management indicated that promotions will continue but will be more strategic compared to Q2 [50] Question: Status of Grilla's retail expansion - Management confirmed plans for Grilla's retail placement but emphasized a testing approach rather than a full rollout [57] Question: M&A environment outlook - Management noted an increase in M&A activity expected in the first half of 2024, with valuations beginning to align more closely with buyer expectations [59][60]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended October 31, 2023 Commission File No. 001-39366 | --- | --- | |----------------------------------------------------------------------------------------------------------------------------------|------------------------- ...

American Outdoor Brands, Inc. (NASDAQ:AOUT) Q1 2024 Earnings Conference Call September 7, 2023 5:00 PM ET Company Participants Liz Sharp - VP, IR Brian Murphy - President & CEO Andrew Fulmer - EVP, CEO & Treasurer Conference Call Participants Eric Wold - B. Riley Securities Alex Sturnieks - Lake Street Capital Markets Matthew Koranda - ROTH Capital Markets Operator Good afternoon and welcome to the American Outdoor Brands First Quarter Fiscal 2024 Earnings Conference Call. All participants will be in listen ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended July 31, 2023 Commission File No. 001-39366 | --- | --- | |------------------------------------------------------------------------------------------------------------------|------------------------------------------| ...