American Outdoor Brands (AOUT) Q4 FY26 earnings call

Management frames a double-digit reported sales decline as largely optical — a tariff-driven order pull-forward comp — pointing to positive sell-through and a strengthening innovation/IP moat as the real signal. The forward stance is a return to growth in FY27, funded by an asset-light model, a pristine balance sheet, and stepped-up M&A ambition alongside continued buybacks.