American Outdoor Brands (NASDAQ:AOUT) shares rose 24.4% in pre-market trading after the company reported first-quarter fiscal 2027 results that exceeded analyst expectations and raised its full-year adjusted EBITDA guidance.
Net sales for the quarter reached $37.3 million, an increase of 25.4% from the same period a year earlier. Non-GAAP earnings per share were $0.03, compared with a loss of $0.26 per share in the prior-year quarter and analyst expectations for a loss of approximately $0.24 to $0.30 per share.
Gross margin increased by 630 basis points to 53%, while adjusted EBITDA improved to positive $1.2 million from a loss of $3.1 million a year earlier.
American Outdoor Brands Raises Fiscal 2027 Guidance
Alongside the quarterly results, American Outdoor Brands raised its full-year fiscal 2027 adjusted EBITDA guidance to between $14.5 million and $17.5 million.
New products accounted for 36% of quarterly net sales, compared with the company’s historical average of between 20% and 25%.
The quarter also represented the company’s sixth consecutive period of positive point-of-sale growth across its outdoor lifestyle and shooting sports segments.
CEO Brian Murphy cited “healthy retailer and consumer demand” as a factor supporting the quarterly performance.
AOUT Shares Approach 52-Week High
The broader U.S. equity market showed comparatively limited movement, with the Nasdaq gaining 0.4% while the S&P 500 was approximately unchanged in pre-market trading.
U.S. equities had advanced during the September 3 session amid lower Treasury yields and comments from a Federal Reserve governor regarding the interest-rate outlook.
American Outdoor Brands’ pre-market increase followed the release of its quarterly results after Wednesday’s closing bell. The 24.4% advance moved AOUT shares towards their 52-week high of $14.97, compared with a previous closing price of $10.01.