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Update: American Outdoor Brands Shares Surge After Fiscal Q1 Swings to Adjusted Earnings

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(Updates with the company's stock move in the headline and the first paragraph.)

American Outdoor Brands (AOUT) shares were up more than 40% in Friday trading after the company swung to a profit and posted higher revenue for fiscal Q1 late Thursday.

The company reported quarterly non-GAAP earnings of $0.03 per diluted share, swinging from a loss of $0.26 a year earlier.

Two analysts polled by FactSet expected a loss of $0.24.

Net sales for the quarter ended July 31 were $37.3 million, up from $29.7 million a year earlier.

Two analysts expected $35.6 million.

For fiscal 2027, the company maintained its net sales forecast of $200 million to $210 million. Two analysts expect $205.1 million.

Price: $14.07, Change: $+4.06, Percent Change: +40.56%

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American Outdoor Brands Fiscal Q1 Swings to Adjusted Earnings, Revenue Rises

American Outdoor Brands (AOUT) reported fiscal Q1 non-GAAP earnings late Thursday of $0.03 per diluted share, swinging from a loss $0.26 year earlier.Two analysts polled by FactSet expected a loss of $0.24.Net sales for the quarter ended July 31 were $37.3 million, up from $29.7 million a year earlier.Two analysts expected $35.6 million.For fiscal 2027, the company maintained its net sales forecast of $200 million to $210 million. Two analysts expect $205.1 million.Shares of the company rose over 16% in after-hours trading.

$AOUT