American Outdoor Brands Reports First Quarter Fiscal 2025 Financial Results

American Outdoor Brands, Inc. Reports First Quarter Fiscal 2025 Financial Results

Greenville, SC – August 16, 2022 – American Outdoor Brands, Inc. (NASDAQ: AOUT), today announced financial results for the first quarter ended July 2, 2022.

First Quarter Fiscal 2025 Financial Highlights

• Net sales were $223.9 million, a decrease of 10.3% compared to the prior year period.
• Gross profit was $92.5 million, a decrease of 13.1% compared to the prior year period.
• Operating income was $29.6 million, a decrease of 29.4% compared to the prior year period.
• Net income was $20.0 million, a decrease of 32.9% compared to the prior year period.
• Diluted earnings per share were $0.31, a decrease of 34.5% compared to the prior year period.

Recent Developments

• In June 2022, the Company announced the acquisition of Silencer Central, a leading manufacturer and distributor of suppressors and related accessories.
• In July 2022, the Company announced the launch of its new e-commerce platform.

Outlook

The Company expects net sales for fiscal 2025 to be in the range of $875 million to $900 million. The Company expects diluted earnings per share for fiscal 2025 to be in the range of $1.20 to $1.30.

Conference Call

The Company will host a conference call to discuss its first quarter fiscal 2025 financial results on August 16, 2022 at 8:30 a.m. Eastern Time. The conference call will be webcast live on the Company's website at ir.americanoutdoorbrands.com.

About American Outdoor Brands, Inc.

American Outdoor Brands, Inc. is a leading manufacturer and distributor of outdoor sports and recreation products. The Company's products are sold under a variety of well-known brands, including Smith & Wesson, M&P, Thompson/Center Arms, and Wheeler. The Company's products are used by a wide range of consumers, including hunters, shooters, outdoor enthusiasts, and law enforcement officers.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on the Company's current expectations and are subject to a number of risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. These risks and uncertainties include, but are not limited to, the impact of the COVID-19 pandemic, changes in consumer demand, competition, regulatory changes, and other factors that could affect the Company's financial performance. The Company assumes no obligation to update any forward-looking statements, except as required by law.

Contact: American Outdoor Brands, Inc. Investor Relations (864) 232-9272 ir@americanoutdoorbrands.com