Joseph's questions to American Outdoor Brands (AOUT) leadership • Q3 2025
Question
Asked for clarification on the FY25 guidance in light of Q3's outperformance, visibility into the FY26 growth drivers, and the company's current view on the M&A market and strategy.
Answer
The FY25 guidance was narrowed and the midpoint raised slightly, reflecting some Q3 order pull-in but overall confidence. The FY26 outlook is supported by strong retailer commitments for new products post-SHOT Show. The company remains disciplined on M&A, noting potential tariff-related pauses in the market, and is focused on opportunities with recurring revenue streams.