American Outdoor Brands, Inc. (NASDAQ:AOUT) posted fourth‑quarter adjusted earnings per share of $0.13, beating the consensus estimate of –$0.01 by $0.14. Quarterly revenue was $47.1 million, a 24.0% year‑over‑year decline from $61.9 million and below the $51.41 million consensus, leading to a 4% after‑hours drop in the share price. The company disclosed that roughly $10.0 million of orders were accelerated from fiscal 2026 into the final weeks of fiscal 2025 ahead of expected tariff‑related price actions; after adjusting for this timing shift, net sales fell 9.2% in the quarter. Gross margin improved to 46.9% from 40.9% in the comparable quarter last year. For fiscal 2027 the firm issued revenue guidance of $200 million to $210 million, implying 5%‑10% growth versus fiscal 2026 net sales of $190.5 million, with the midpoint of $205 million representing approximately 7.6% year‑over‑year growth. Adjusted EBITDA for fiscal 2027 is projected to be 6.5%‑7.5% of net sales. President and Chief Executive Officer Brian Murphy said the brands continued to resonate with consumers, noting a 7% year‑over‑year increase in point‑of‑sale results for the Outdoor Lifestyle category and a 1% increase for the Shooting Sports category. The company reduced inventory by about $9.5 million during fiscal 2026, ending the year with $21.4 million in cash and no debt, and repurchased over $5.0 million of its common stock. For the full fiscal year 2026, adjusted EPS was $0.28 versus $0.76 in the prior year, while net sales fell 14.3% to $190.5 million from $222.3 million.