American Outdoor Brands Q3 sales fall 3.3%, maintains 2026 sales forecast

American Outdoor Brands

12/03/2026 20:50

Overview

US outdoor products maker's fiscal Q3 sales fell 3.3% yr/yr

Adjusted EPS for fiscal Q3 declined from prior year

Company repurchased 181,000 shares for $1.4 mln, ended quarter debt-free

Outlook

American Outdoor Brands maintains fiscal 2026 net sales guidance of $191 mln to $193 mln

Company expects fiscal 2026 gross margin between 42% and 43%

Company sees fiscal 2026 Adjusted EBITDA at 4.0% to 4.5% of net sales

Result Drivers

OUTDOOR LIFESTYLE GROWTH - Growth in Outdoor Lifestyle category, led by BOG and MEAT! Your Maker brands, helped offset declines elsewhere

SHOOTING SPORTS WEAKNESS - Shooting Sports category declined 15% yr/yr, mainly due to softness in aiming solution products

INVENTORY CLEARANCE AND TARIFFS - Gross margin was pressured by actions to clear slow-moving inventory and higher tariff costs, per CFO

Company press release: ID:nPn8zhjqja

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Sales
Beat
$56.58 mln
$53.81 mln (2 Analysts)
Q3 Adjusted EPS
Beat
$0.12
$0.09 (2 Analysts)
Q3 Net Income
-$4.07 mln
Q3 Gross Profit
$23.18 mln
Q3 Operating Expenses
$27.09 mln
Q3 Operating Income
-$3.91 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the recreational products peer group is "buy"

Wall Street's median 12-month price target for American Outdoor Brands Inc is $12.50, about 44.5% above its March 11 closing price of $8.65

The stock recently traded at 33 times the next 12-month earnings vs. a P/E of 27 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)