AOUT American Outdoor Brands Inc

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 10-Q

 

☒	QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

 

☐	TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended October 31, 2024

Commission File No. 001-39366

American Outdoor Brands, Inc.

(Exact name of registrant as specified in its charter)

Delaware		84-4630928
(State or other jurisdiction of incorporation or organization)		(I.R.S. Employer Identification No.)

1800 North Route Z Columbia, Missouri		65202
(Address of principal executive offices)		(Zip Code)

(800) 338-9585

(Registrant’s telephone number, including area code)

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each Class	Trading Symbol	Name of exchange on which registered
Common Stock, par value $0.001 per share	AOUT	Nasdaq Global Select Market

 

Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer		☐		Accelerated filer			☒
Non-accelerated filer		☐		Smaller reporting company			☐
Emerging growth company		☒

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☒

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐ No ☒

The registrant had 12,763,907 shares of common stock, par value $0.001, outstanding as of November 29, 2024.

 

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AMERICAN OUTDOOR BRANDS, INC.

Quarterly Report on Form 10-Q

For the Three and Six Months Ended October 31, 2024 and 2023

 

TABLE OF CONTENTS

PART I - FINANCIAL INFORMATION
	Item 1. Financial Statements (Unaudited)		5
	Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations		20
	Item 3. Quantitative and Qualitative Disclosures About Market Risk		26
	Item 4. Controls and Procedures		26
PART II - OTHER INFORMATION
	Item 1. Legal Proceedings		28
	Item 1A. Risk Factors		28
	Item 2. Unregistered Sales of Equity Securities and Use of Proceeds		28
	Item 5. Other Information		28
	Item 6. Exhibits		29
Signatures			30

 

Accumax®, BOG®, BUBBA®, Caldwell®, Deadshot®, Deathgrip®, Delta Series®, Don’t Be Outdoorsy – Be Outdoors®, E-MAX®, Engineered for the Unknown®, F.A.T. Wrench®, Fieldpod®, Frankford Arsenal®, Golden Rod®, Hooyman®, Imperial®, Intellidropper®, Lead Sled®, Lockdown®, Lockdown Puck®, Mag Charger®, MEAT! Your Maker®, Old Timer®, Schrade®, Sharpfinger®, Tipton®, Grilla®, Grilla Grills®, Uncle Henry®, Unmatched Accuracy at the Bench and in the Field®, ust®, Wheeler®, XLA Bipod®, Your Land. Your Legacy®, Crimson Trace®, Lasergrips®, Laserguard®, LaserLyte®, Lasersaddle®, Lightguard®, and Rail Master® are some of the registered U.S. trademarks of our company or one of our subsidiaries. AOB Products Company™, Dock and Unlock ™, From Niche to Known™, MEAT!™, Secure Your Lifestyle™, The Ultimate Lifestyle™, and Water to Plate™ are some of the unregistered trademarks of our company or one of our subsidiaries. Trademarks licensed to us by Smith & Wesson Brands, Inc. in connection with the manufacture, distribution, marketing, advertising, promotion, merchandising, shipping, and sale of certain licensed accessory product categories include M&P®, Performance Center®, Smith & Wesson®, and T/C®, among others. This report also may contain trademarks and trade names of other companies.

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Statement Regarding Forward-Looking Information

 

The statements contained in this Quarterly Report on Form 10-Q that are not historical are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, or the Exchange Act. All statements other than statements of historical facts contained or incorporated herein by reference in this Quarterly Report on Form 10-Q, including statements regarding our future operating results, future financial position, business strategy, objectives, goals, plans, prospects, markets, and plans and objectives for future operations, are forward-looking statements. In some cases, you can identify forward-looking statements by terms such as “anticipates,” “believes,” “estimates,” “expects,” “intends,” “suggests,” “targets,” “contemplates,” “projects,” “predicts,” “may,” “might,” “plan,” “would,” “should,” “could,” “may,” “can,” “potential,” “continue,” “objective,” or the negative of those terms, or similar expressions intended to identify forward-looking statements. However, not all forward-looking statements contain these identifying words. Specific forward-looking statements in this Quarterly Report on Form 10-Q include statements regarding the following:

 

A number of factors could cause our actual results to differ materially from those indicated by the forward-looking statements. Such factors include, among others, the following:

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All forward-looking statements included herein, or in our Annual Report on Form 10-K, are based on information available to us as of their respective dates and speak only as of such dates. Except as required by law, we undertake no obligation to update any forward-looking statements to reflect events or circumstances after the date of such statements. The forward-looking statements contained in or incorporated by reference into this Quarterly Report on Form 10-Q, or in our Annual Report on Form 10-K, reflect our views as of the date of these reports about future events and are subject to risks, uncertainties, assumptions, and changes in circumstances that may cause our actual results, performance, or achievements to differ significantly from those expressed or implied in any forward-looking statement. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future events, results, performance, or achievements.

We are subject to the informational requirements of the Exchange Act, and we file or furnish reports, proxy statements, and other information with the SEC. Such reports and other information we file with the SEC are available free of charge at https://ir.aob.com/financial-information/sec-filings as soon as practicable after such reports are available on the SEC’s website at sec.gov. The SEC’s website contains reports, proxy and information statements, and other information regarding issuers that file electronically with the SEC.

 

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PART I — FINANCIAL INFORMATION

Item 1. Financial Statements

AMERICAN OUTDOOR BRANDS, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED BALANCE SHEETS

		As of:
		October 31, 2024 (Unaudited)				April 30, 2024
		(In thousands, except par value and share data)
ASSETS
Current assets:
Cash and cash equivalents		$	14,223			$	29,698
Accounts receivable, net of allowance for credit losses of $159 on October 31, 2024    and $133 on April 30, 2024			43,259				25,728
Inventories			111,566				93,315
Prepaid expenses and other current assets			4,904				6,410
Income tax receivable			270				223
Total current assets			174,222				155,374
Property, plant, and equipment, net			10,963				11,038
Intangible assets, net			35,887				40,217
Right-of-use assets			32,748				33,564
Other assets			305				404
Total assets		$	254,125			$	240,597
LIABILITIES AND EQUITY
Current liabilities:
Accounts payable		$	25,376			$	14,198
Accrued expenses			12,718				9,687
Accrued payroll and incentives			3,194				4,167
Lease liabilities, current			1,353				1,331
Total current liabilities			42,641				29,383
Lease liabilities, net of current portion			32,630				33,289
Total liabilities			75,271				62,672
Commitments and contingencies (Note 11)
Equity:
Preferred stock, $0.001 par value, 20,000,000 shares authorized, no shares    issued or outstanding on October 31, 2024 and April 30, 2024			—				—
Common stock, $0.001 par value, 100,000,000 shares authorized, 14,889,594 shares    issued and 12,832,682 shares outstanding on October 31, 2024 and 14,701,280 shares    issued and 12,797,865 shares outstanding on April 30, 2024			15				15
Additional paid in capital			278,677				277,107
Retained deficit			(73,877	)			(74,623	)
Treasury stock, at cost (2,056,912 shares on October 31, 2024 and    1,903,415 shares on April 30, 2024)			(25,961	)			(24,574	)
Total equity			178,854				177,925
Total liabilities and equity		$	254,125			$	240,597

See accompanying notes to unaudited condensed consolidated financial statements.

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AMERICAN OUTDOOR BRANDS, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(Unaudited)

		For the Three Months ended October 31,								For the Six Months ended October 31,
		2024				2023				2024				2023
	(In thousands, except per share data)
Net sales		$	60,232			$	57,931			$	101,875			$	101,376
Cost of sales			31,325				31,441				54,043				55,167
Gross profit			28,907				26,490				47,832				46,209
Operating expenses:
Research and development			1,866				1,675				3,540				3,274
Selling, marketing, and distribution			14,973				15,414				26,356				27,468
General and administrative			8,998				9,423				17,439				19,573
Total operating expenses			25,837				26,512				47,335				50,315
Operating income/(loss)			3,070				(22	)			497				(4,106	)
Other (expense)/income, net:
Other income, net			59				53				141				92
Interest income/(expense), net			(6	)			6				142				(7	)
Total other income, net			53				59				283				85
Income/(loss) from operations before income taxes			3,123				37				780				(4,021	)
Income tax expense/(benefit)			12				(40	)			34				15
Net income/(loss)		$	3,111			$	77			$	746			$	(4,036	)
Net income/(loss) per share:
Basic		$	0.24			$	0.01			$	0.06			$	(0.31	)
Diluted		$	0.24			$	0.01			$	0.06			$	(0.31	)
Weighted average number of common shares    outstanding:
Basic			12,860				13,010				12,862				13,100
Diluted			13,145				13,256				13,211				13,100

See accompanying notes to unaudited condensed consolidated financial statements.

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AMERICAN OUTDOOR BRANDS, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY

(Unaudited)

(In thousands)

		Common Stock								Additional								Treasury Stock
For the three months ended October 31, 2024 and 2023		Shares				Amount				Paid-In Capital				Retained (Deficit)/Earnings				Shares				Amount				Total Equity
Balance at July 31, 2023			14,543			$	15			$	273,415			$	(66,488	)			1,482			$	(20,827	)		$	186,115
Net income			—				—				—				77				—				—				77
Stock-based compensation			—				—				1,005				—				—				—				1,005
Shares issued under employee stock    purchase plan			47				—				339				—								—				339
Issuance of common stock under    restricted stock unit awards, net of    tax			16				—				(51	)			—				—				—				(51	)
Repurchase of treasury stock			—				—				—				—				158				(1,494	)			(1,494	)
Balance at October 31, 2023			14,606			$	15			$	274,708			$	(66,411	)			1,640			$	(22,321	)		$	185,991
Balance at July 31, 2024			14,820			$	15			$	277,642			$	(76,988	)			1,945			$	(24,955	)		$	175,714
Net income			—				—				—				3,111				—				—				3,111
Stock-based compensation			—				—				866				—				—				—				866
Shares issued under employee stock    purchase plan			39				—				286				—				—				—				286
Issuance of common stock under    restricted stock unit awards, net of    tax			31				—				(117	)			—				—				—				(117	)
Repurchase of treasury stock			—				—				—				—				112				(1,006	)			(1,006	)
Balance at October 31, 2024			14,890			$	15			$	278,677			$	(73,877	)			2,057			$	(25,961	)		$	178,854
		Common Stock								Additional								Treasury Stock
For the six months ended October 31, 2024 and 2023		Shares				Amount				Paid-In Capital				Retained Deficit				Shares				Amount				Total Equity
Balance at April 30, 2023			14,447			$	14			$	272,784			$	(62,375	)			1,214			$	(18,559	)		$	191,864
Net loss			—				—				—				(4,036	)			—				—				(4,036	)
Stock-based compensation			—				—				1,938				—				—				—				1,938
Shares issued under employee stock    purchase plan			47				—				339				—				—				—				339
Issuance of common stock under    restricted stock unit awards, net of    tax			112				1				(353	)			—				—				—				(352	)
Repurchase of treasury stock			—				—				—				—				426				(3,762	)			(3,762	)
Balance at October 31, 2023			14,606			$	15			$	274,708			$	(66,411	)			1,640			$	(22,321	)		$	185,991
Balance at April 30, 2024			14,701			$	15			$	277,107			$	(74,623	)			1,903			$	(24,574	)		$	177,925
Net income			—				—				—				746				—				—				746
Stock-based compensation			—				—				1,798				—				—				—				1,798
Shares issued under employee stock    purchase plan			39				—				286				—				—				—				286
Issuance of common stock under    restricted stock unit awards, net of    tax			150				—				(514	)			—				—				—				(514	)
Repurchase of treasury stock			—				—				—				—				154				(1,387	)			(1,387	)
Balance at October 31, 2024			14,890			$	15			$	278,677			$	(73,877	)			2,057			$	(25,961	)		$	178,854

See accompanying notes to unaudited condensed consolidated financial statements.

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AMERICAN OUTDOOR BRANDS, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(Unaudited)

	For the Six Months Ended October 31,
	2024				2023
	(In thousands)
Cash flows from operating activities:
Net income/(loss)	$	746			$	(4,036	)
Adjustments to reconcile net income/(loss) to net cash used in    operating activities:
Depreciation and amortization		6,626				7,927
Loss on sale/disposition of assets		—				7
Provision for credit losses on accounts receivable		25				6
Stock-based compensation expense		1,798				1,938
Changes in operating assets and liabilities:
Accounts receivable		(17,556	)			(13,607	)
Inventories		(18,251	)			(9,389	)
Prepaid expenses and other current assets		1,506				1,823
Income tax receivable		(47	)			950
Accounts payable		10,578				6,331
Accrued payroll and incentives		(973	)			1,119
Right of use assets		816				592
Accrued expenses		3,031				3,530
Other assets		51				75
Lease liabilities		(637	)			(465	)
Other non-current liabilities		—				(16	)
Net cash used in operating activities		(12,287	)			(3,215	)
Cash flows from investing activities:
Payments to acquire patents and software		(665	)			(761	)
Proceeds from sale of property and equipment		—				131
Payments to acquire property and equipment		(908	)			(951	)
Net cash used in investing activities		(1,573	)			(1,581	)
Cash flows from financing activities:
Payments on notes and loans payable		—				(5,000	)
Payments to acquire treasury stock		(1,387	)			(3,762	)
Proceeds from exercise of options to acquire common stock,    including employee stock purchase plan		286				339
Payment of employee withholding tax related to restricted    stock units		(514	)			(352	)
Net cash used in financing activities		(1,615	)			(8,775	)
Net decrease in cash and cash equivalents		(15,475	)			(13,571	)
Cash and cash equivalents, beginning of period		29,698				21,950
Cash and cash equivalents, end of period	$	14,223			$	8,379
Supplemental disclosure of cash flow information
Cash paid for:
Interest	$	105			$	196
Income taxes (net of refunds)	$	72			$	(936	)

See accompanying notes to unaudited condensed consolidated financial statements.

 

 

 

 

 

 

 

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Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations

Overview

The following discussion and analysis of our financial condition and results of operations for the three and six months ended October 31, 2024 and 2023 should be read in conjunction with Management’s Discussion and Analysis of Financial Condition and Results of Operations in our Annual Report on Form 10-K for fiscal year ended April 30, 2024. This discussion and analysis should also be read in conjunction with our unaudited condensed consolidated financial statements and the notes thereto included in Item 1 of this Quarterly Report on Form 10-Q.

The following discussion and analysis includes forward-looking statements. These forward-looking statements are subject to risks, uncertainties, and other factors that could cause our actual results to differ materially from those expressed or implied by the forward-looking statements. Factors that could cause or contribute to these differences include those discussed above in “Statement Regarding Forward-Looking Information” in this Form 10-Q. In addition, this section sets forth key objectives and performance indicators used by us, as well as key industry data tracked by us.

The following discussion and analysis includes references to net sales of our products in shooting sports and outdoor lifestyle categories. Our shooting sports category includes net sales of shooting accessories and our products used for personal protection. Our outdoor lifestyle category includes net sales of our products used in hunting, fishing, camping, rugged outdoor activities, and outdoor cooking.

Second Quarter Fiscal 2025 Highlights

Our operating results for the three months ended October 31, 2024 included the following:

 

Our operating results for the six months ended October 31, 2024 included the following:

Results of Operations

Net Sales and Gross Profit

The following table sets forth certain information regarding consolidated net sales and gross profit for the three months ended October 31, 2024 and 2023 (dollars in thousands):

 

		2024				2023				$ Change				% Change
Net sales		$	60,232			$	57,931			$	2,301				4.0	%
Cost of sales			31,325				31,441				(116	)			-0.4	%
Gross profit		$	28,907			$	26,490			$	2,417				9.1	%
% of net sales (gross margin)			48.0	%			45.7	%

 

The following table sets forth certain information regarding trade channel net sales for the three months ended October 31, 2024 and 2023 (dollars in thousands):

 

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		2024				2023				$ Change				% Change
e-commerce channels net sales		$	24,282			$	23,462			$	820				3.5	%
Traditional channels net sales			35,950				34,469				1,481				4.3	%
Total net sales		$	60,232			$	57,931			$	2,301				4.0	%

Our e-commerce channels include net sales from customers that do not traditionally operate physical brick-and-mortar stores, but generate the majority of their revenue from consumer purchases from their retail websites. Our e-commerce channels also include our direct-to-consumer sales. Our traditional channels include customers that primarily operate out of physical brick-and-mortar stores and generate the large majority of revenue from consumer purchases in their brick-and-mortar locations. We sell our products worldwide.

The following table sets forth certain information regarding geographic makeup of net sales included in the above table for the three months ended October 31, 2024 and 2023 (dollars in thousands):

 

		2024				2023				$ Change				% Change
Domestic net sales		$	56,847			$	54,982			$	1,865				3.4	%
International net sales			3,385				2,949				436				14.8	%
Total net sales		$	60,232			$	57,931			$	2,301				4.0	%

 

The following table sets forth certain information regarding net sales categories for the three months ended October 31, 2024 and 2023 (dollars in thousands):

 

		2024				2023				$ Change				% Change
Shooting sports net sales		$	23,806			$	23,371			$	435				1.9	%
Outdoor lifestyle net sales			36,426				34,560				1,866				5.4	%
Total net sales		$	60,232			$	57,931			$	2,301				4.0	%

 

For the three months ended October 31, 2024, total net sales increased $2.3 million, or 4.0%, over the comparable quarter last year primarily because of an increase in hunting product net sales in our domestic channel and shooting accessory net sales in our international channel.

 

Net sales in our e-commerce channel increased $820,000, or 3.5%, over the comparable quarter last year, primarily because of increased outdoor lifestyle category net sales for our hunting products to online retailers and direct-to-consumer sales of our outdoor cooking products, partially offset by lower net sales in our shooting sports category.

 

Net sales in our traditional channels increased $1.5 million, or 4.3%, over the comparable quarter last year. Traditional channel net sales increased primarily because of higher net sales of shooting accessories in our shooting sports category and higher net sales of our hunting products in our outdoor lifestyle category, partially offset by lower net sales of rugged outdoor products in our outdoor lifestyle category. In addition, our international net sales increased $436,000, or 14.8%, over the comparable quarter last year as a result of increased sales in Canada.

 

New products, which we define as any SKU introduced over the prior two fiscal years, represented 21.5% of net sales for the three months ended October 31, 2024.

 

Gross margin for the three months ended October 31, 2024 increased 230 basis points over the comparable quarter last year, primarily from lower promotional product discounts due to timing of promotions with our customers and lower inbound freight costs.

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The following table sets forth certain information regarding consolidated net sales and gross profit for the six months ended October 31, 2024 and 2023 (dollars in thousands):

 

		2024				2023				$ Change				% Change
Net sales		$	101,875			$	101,376			$	499				0.5	%
Cost of sales			54,043				55,167				(1,124	)			-2.0	%
Gross profit		$	47,832			$	46,209			$	1,623				3.5	%
% of net sales (gross margin)			47.0	%			45.6	%

 

The following table sets forth certain information regarding trade channel net sales for the six months ended October 31, 2024 and 2023 (dollars in thousands):

 

		2024				2023				$ Change				% Change
e-commerce channels net sales		$	40,783			$	41,838			$	(1,055	)			-2.5	%
Traditional channels net sales			61,092				59,538				1,554				2.6	%
Total net sales		$	101,875			$	101,376			$	499				0.5	%

The following table sets forth certain information regarding geographic makeup of net sales included in the above table for the six months ended October 31, 2024 and 2023 (dollars in thousands):

 

		2024				2023				$ Change				% Change
Domestic net sales		$	94,060			$	94,771			$	(711	)			-0.8	%
International net sales			7,815				6,605				1,210				18.3	%
Total net sales		$	101,875			$	101,376			$	499				0.5	%

The following table sets forth certain information regarding net sales categories for the six months ended October 31, 2024 and 2023 (dollars in thousands):

 

		2024				2023				$ Change				% Change
Shooting sports net sales		$	42,484			$	43,446			$	(962	)			-2.2	%
Outdoor lifestyle net sales			59,391				57,930				1,461				2.5	%
Total net sales		$	101,875			$	101,376			$	499				0.5	%

 

For the six months ended October 31, 2024, total net sales increased $499,000, or 0.5%, over the prior year comparable period primarily because of an increase in shooting accessory net sales to international retailers.

 

Net sales in our e-commerce channel decreased $1.1 million, or 2.5%, from the prior year comparable period, primarily because of lower direct-to-consumer net sales for products sold on our e-commerce platform, specifically from lower outdoor cooking net sales in our outdoor lifestyle category. In addition, our E-commerce channel net sales decreased from lower personal protection and shooting sports accessories product net sales in our shooting sports category, partially offset by higher hunting and fishing product net sales in our outdoor lifestyle category.

 

Net sales in our traditional channels increased $1.6 million, or 2.6%, over the prior year comparable period. Traditional channel net sales increased primarily because of higher net sales of shooting accessories in our shooting sports category and higher net sales of our hunting products in our outdoor lifestyle category. In addition, our international net sales increased $1.2 million, or 18.3%, over the prior year comparable period as a result of increased sales in Canada. The increased net sales in our traditional channel was partially offset by lower personal protection net sales in our shooting sports category and lower rugged outdoor and fishing products in our outdoor lifestyle category.

 

New products, which we define as any SKU introduced over the prior two fiscal years, represented 22.7% of net sales for the six months ended October 31, 2024.

 

Gross margin for the six months ended October 31, 2024 increased 140 basis points over the prior year comparable period, primarily from lower promotional product discounts due to timing of promotions with our customers and lower inbound freight costs.

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Operating Expenses

The following table sets forth certain information regarding operating expenses for the three months ended October 31, 2024 and 2023 (dollars in thousands):

 

		2024				2023				$ Change				% Change
Research and development		$	1,866			$	1,675			$	191				11.4	%
Selling, marketing, and distribution			14,973				15,414				(441	)			-2.9	%
General and administrative			8,998				9,423				(425	)			-4.5	%
Total operating expenses		$	25,837			$	26,512			$	(675	)			-2.5	%
% of net sales			42.9	%			45.8	%

 

Research and development expenses increased $191,000 over the comparable quarter last year, primarily from higher consulting and third party service expenses. Selling, marketing, and distribution expenses decreased $441,000 from the comparable quarter last year mainly because of lower advertising expense, partially offset by higher rent expense. General and administrative expenses decreased $425,000 from the comparable quarter last year, primarily because of lower legal and consulting expense and lower acquired intangible asset amortization expense, partially offset by higher employee compensation-related expenses.

 

The following table sets forth certain information regarding operating expenses for the six months ended October 31, 2024 and 2023 (dollars in thousands):

 

		2024				2023				$ Change				% Change
Research and development		$	3,540			$	3,274			$	266				8.1	%
Selling, marketing, and distribution			26,356				27,468				(1,112	)			-4.0	%
General and administrative			17,439				19,573				(2,134	)			-10.9	%
Total operating expenses		$	47,335			$	50,315			$	(2,980	)			-5.9	%
% of net sales			46.5	%			49.6	%

 

Research and development expenses increased $266,000 over the prior year comparable period, primarily from higher consulting and third party service expenses. Selling, marketing, and distribution expenses decreased $1.1 million from the prior year comparable period mainly because of lower advertising expense. General and administrative expenses decreased $2.1 million from the prior year comparable period, primarily because of lower legal and consulting expense and lower acquired intangible asset amortization expense.

Operating Income/(Loss)

The following table sets forth certain information regarding operating income/(loss) for the three months ended October 31, 2024 and 2023 (dollars in thousands):

 

		2024				2023				$ Change				% Change
Operating income/(loss)		$	3,070			$	(22	)		$	3,092				-14054.5	%
% of net sales (operating margin)			5.1	%			0.0	%

 

Operating income/(loss) for the three months ended October 31, 2024 was $3.1 million higher as compared to the comparable quarter last year primarily from higher gross margins as a result of higher net sales volume and lower promotional product discounts as well as lower operating expenses mentioned above.

 

The following table sets forth certain information regarding operating income/(loss) for the six months ended October 31, 2024 and 2023 (dollars in thousands):

 

		2024				2023				$ Change				% Change
Operating income/(loss)		$	497			$	(4,106	)		$	4,603				-112.1	%
% of net sales (operating margin)			0.5	%			-4.1	%

 

Operating income/(loss) for the six months ended October 31, 2024 was $4.6 million higher as compared to the prior year comparable period primarily from lower promotional product discounts and lower operating expenses mentioned above.

---

Income Taxes

The following table sets forth certain information regarding income tax benefit for the three months ended October 31, 2024 and 2023 (dollars in thousands):

 

		2024				2023				$ Change				% Change
Income tax expense/(benefit)		$	12			$	(40	)		$	52				-130.0	%
% of income from operations (effective tax rate)			0.4	%			-108.1	%							108.5	%

 

We recorded income tax expense of $12,000 for the three months ended October 31, 2024 compared with an income tax benefit of $40,000 for the comparable quarter last year. The income tax expense/(benefit) recorded for the three months ended October 31, 2024 and 2023 was primarily due to a full valuation allowance recorded against our deferred tax assets.

 

The following table sets forth certain information regarding income tax benefit for the six months ended October 31, 2024 and 2023 (dollars in thousands):

 

		2024				2023				$ Change				% Change
Income tax expense		$	34			$	15			$	19				126.7	%
% of income from operations (effective tax rate)			4.4	%			-0.4	%							4.8	%

 

We recorded income tax expense of $34,000 for the six months ended October 31, 2024 compared with income tax expense of $15,000 for the prior year comparable period. The income tax expense recorded for the six months ended October 31, 2024 and 2023 was primarily due to a full valuation allowance recorded against our deferred tax assets.

Net Income/(Loss)

The following table sets forth certain information regarding net income and the related per share data for the three months ended October 31, 2024 and 2023 (dollars in thousands, except per share data):

 

		2024				2023				$ Change				% Change
Net income		$	3,111			$	77			$	3,034				3940.3	%
Net income per share
Basic		$	0.24			$	0.01			$	0.23				2300.0	%
Diluted		$	0.24			$	0.01			$	0.23				2300.0	%

 

Net income was $3.1 million, or $0.24 per diluted share, for the three months ended October 31, 2024 compared with net income of $77,000, or $0.01 per share, for the comparable quarter last year. The increased net income was primarily related to increased net sales volume and lower promotional product discounts as well as lower operating expenses during the three months ended October 31, 2024 as compared to the three months ended October 31, 2023.

 

The following table sets forth certain information regarding net income and the related per share data for the six months ended October 31, 2024 and 2023 (dollars in thousands, except per share data):

 

		2024				2023				$ Change				% Change
Net income/(loss)		$	746			$	(4,036	)		$	4,782				-118.5	%
Net income/(loss) per share
Basic		$	0.06			$	(0.31	)		$	0.37				-119.4	%
Diluted		$	0.06			$	(0.31	)		$	0.37				-119.4	%

 

Net income was $746,000, or $0.06 per diluted share, for the six months ended October 31, 2024 compared with net loss of $4.0 million, or $0.31 per share, for the prior year comparable period. The increased net income was primarily related to increased net sales volume and lower promotional product discounts as well as lower operating expenses during the six months ended October 31, 2024 as compared to the six months ended October 31, 2023.

---

 

Non-GAAP Financial Measure

We use GAAP net income as our primary financial measure. We use Adjusted EBITDAS, which is a non-GAAP financial metric, as a supplemental measure of our performance in order to provide investors with an improved understanding of underlying performance trends, and it should be considered in addition to, but not instead of, the financial statements prepared in accordance with GAAP. Adjusted EBITDAS is defined as GAAP net income/(loss) before interest, taxes, depreciation, amortization, and stock compensation expense. Our Adjusted EBITDAS calculation also excludes certain items we consider non-routine. We believe that Adjusted EBITDAS is useful to understanding our operating results and the ongoing performance of our underlying business, as Adjusted EBITDAS provides information on our ability to meet our capital expenditure and working capital requirements, and is also an indicator of profitability. We believe this reporting provides additional transparency and comparability to our operating results. We believe that the presentation of Adjusted EBITDAS is useful to investors because it is frequently used by analysts, investors, and other interested parties to evaluate companies in our industry. We use Adjusted EBITDAS to supplement GAAP measures of performance to evaluate the effectiveness of our business strategies, to make budgeting decisions, and to neutralize our capitalization structure to compare our performance against that of other peer companies using similar measures, especially companies that are private. We also use Adjusted EBITDAS to supplement GAAP measures of performance to evaluate our performance in connection with compensation decisions. We believe it is useful to investors and analysts to evaluate this non-GAAP measure on the same basis as we use to evaluate our operating results.

Adjusted EBITDAS is a non-GAAP measure and may not be comparable to similar measures reported by other companies. In addition, non-GAAP measures have limitations as analytical tools, and you should not consider them in isolation or as a substitute for analysis of our results as reported under GAAP. We address the limitations of non-GAAP measures through the use of various GAAP measures. In the future, we may incur expenses or charges such as those added back to calculate Adjusted EBITDAS. Our presentation of Adjusted EBITDAS should not be construed as an inference that our future results will be unaffected by these items.

The following table sets forth our calculation of non-GAAP Adjusted EBITDAS for the three and six months ended October 31, 2024 and 2023, respectively (dollars in thousands):

 

		For the Three Months Ended October 31,										For the Six Months Ended October 31,
		2024					2023					2024					2023
	(Unaudited)
GAAP net income/(loss)		$		3,111			$		77			$		746			$		(4,036	)
Interest (income)/expense				6					(6	)				(142	)				7
Income tax expense				12					(40	)				34					15
Depreciation and amortization				3,293					3,935					6,577					7,880
Stock compensation				866					1,005					1,798					1,938
Technology implementation				—					66					—					359
Non-recurring inventory reserve adjustment				—					—					221					—
Emerging growth status transition costs				121					—					163					—
Other				78					204					78					204
Non-GAAP Adjusted EBITDAS		$		7,487			$		5,241			$		9,475			$		6,367

Liquidity and Capital Resources

 

We expect to continue to utilize our cash flows to invest in our business, including research and development for new product initiatives; to hire additional employees; to fund growth strategies, including any potential acquisitions; to make payments on any indebtedness we may incur over time; and to repurchase shares of our common stock if we are authorized to do so.

The following table sets forth certain cash flow information for the six months ended October 31, 2024 and 2023 (dollars in thousands):

		2024				2023				$ Change				% Change
Operating activities		$	(12,287	)		$	(3,215	)		$	(9,072	)			-282.2	%
Investing activities			(1,573	)			(1,581	)			8				0.5	%
Financing activities			(1,615	)			(8,775	)			7,160				81.6	%
Total cash flow		$	(15,475	)		$	(13,571	)		$	(1,904	)			14.0	%

Operating Activities

---

On an annual basis, operating activities generally represent the principal source of our cash flow.

Cash used in operating activities was $12.3 million for the six months ended October 31, 2024 compared with cash used by operating activities of $3.2 million for the six months ended October 31, 2023. Cash used by operating activities for the six months ended October 31, 2024 was primarily impacted by $17.6 million of higher accounts receivable, primarily due to timing of customer shipments in the second half of our second fiscal quarter and $18.3 million of increased inventory. The increase in inventory was a result of planned increase in purchases to prepare for the fall and winter hunting and holiday seasons. The cash usage for the six months ended October 31, 2024 was partially offset by a $10.6 million increase in accounts payable due to the timing of inventory purchases as we built our inventory balances higher during our second fiscal quarter and $3.0 million of increase accrued expenses related to the timing of outbound freight accruals and higher sales volume-related accruals.

Investing Activities

Cash used in investing activities was $1.6 million during the six months ended October 31, 2024, flat as compared the prior year comparable period. We expect to spend approximately $3.5 million to $4.5 million of capital expenditures in fiscal 2025, a decrease of $1.5 million to $2.5 million from the $6.0 million we spent in fiscal 2024, a year in which we spent $2.9 million on capital expenditures as a result of the lease assignment of the full building at our headquarters in Columbia, Missouri.

Financing Activities

Cash used in financing activities was $1.6 million for the six months ended October 31, 2024, primarily from $1.4 million used to repurchase 153,497 shares of our common stock.

Our future capital requirements will depend on many factors, including net sales, the timing and extent of spending to support product development efforts, the expansion of sales and marketing activities, the timing of introductions of new products and enhancements to existing products, any acquisitions or strategic investments that we may determine to make, and changes in consumer spending, which is sensitive to economic conditions and other factors. Further equity or debt financing may not be available to us on acceptable terms or at all. If sufficient funds are not available or are not available on acceptable terms, our ability to take advantage of unexpected business opportunities or to respond to competitive pressures could be limited or severely constrained.

We had $14.2 million of cash equivalents on hand as of October 31, 2024 and had $29.7 million in cash and cash equivalents on hand as of April 30, 2024.

Other Matters

Critical Accounting Policies

The preparation of our condensed consolidated financial statements in conformity with GAAP requires us to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of net sales and expenses during the reporting periods. Significant accounting policies are summarized in Note 2 of the Notes to the consolidated and combined financial statements in our Annual Report on Form 10-K for the fiscal year ended April 30, 2024. Our critical accounting policies are described in Management’s Discussion and Analysis of Financial Condition and Results of Operations in our Annual Report on Form 10-K for the fiscal year ended April 30, 2024, to which there have been no material changes. Actual results could differ from our estimates.

Recent Accounting Pronouncements

The nature and impact of recent accounting pronouncements, if any, is discussed in Note 2—Basis of Presentation to our condensed consolidated financial statements included elsewhere in this Quarterly Report on Form 10-Q, which is incorporated herein by reference.

 

Item 3. Quantitative and Qualitative Disclosures About Market Risk

There were no material changes from the information provided in Quantitative and Qualitative Disclosures about Market Risk in the Form 10-K.

Item 4. Controls and Procedures

Disclosure Controls and Procedures

---

As of October 31, 2024, our Chief Executive Officer and Chief Financial Officer evaluated the effectiveness of the design and operation of our disclosure controls and procedures (as defined in Rule 13a-15(e) under the Exchange Act) and have concluded that our disclosure controls and procedures are effective to ensure that information required to be disclosed by us in reports that we file or submit under the Exchange Act is recorded, processed, summarized, and reported within the time periods specified in the SEC’s rules and forms. These disclosure controls and procedures include, without limitation, controls and procedures designed to ensure that information required to be disclosed in the reports we file or submit is accumulated and communicated to management, including the Chief Executive Officer and Chief Financial Officer, as appropriate to allow timely decisions regarding required disclosure.

 

There have been no changes in our internal control over financial reporting during our most recent fiscal quarter ended October 31, 2024 that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

---

PART II — OTHER INFORMATION

Item 1. Legal Proceedings

The nature of legal proceedings against us is discussed in Note 11 — Commitments and Contingencies to our condensed consolidated financial statements included elsewhere in this Quarterly Report on Form 10-Q, which is incorporated herein by reference.

Item 1A. Risk Factors

We have disclosed under the heading “Risk Factors” in our Annual Report on Form 10-K, filed with the SEC on June 27, 2024, risk factors that materially affect our business, financial condition, or results of operations. There have been no material changes from the risk factors previously disclosed.

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds

 

The following table sets forth certain information relating to the purchases of our common stock by us and any affiliated purchases within the meaning of Rule 10b5-1 of the Exchange Act during the three and six months ended October 31, 2024 (dollars in thousands, except per share data):

 

		Total # of				Average					Total # of Shares Purchased as Part of Publicly Announced				Maximum Dollar Value of Shares that May Yet Be Purchased
		Shares				Price Paid					Plan or				Under the Plan
Period		Purchased				Per Share (2)					Program (1)				or Program
Total first quarter fiscal year 2025			42,017			$		9.06				731,434			$		6,902
August 1, 2024 to August 31, 2024			33,930					8.83				765,364					6,601
September 1, 2024 to September 30, 2024			30,907					8.91				796,271					—
October 1, 2024 to October 31, 2024			46,643					9.18				842,914					9,571
Total second quarter fiscal year 2025			111,480					9.00				842,914					9,571
Total year-to-date fiscal year 2025			153,497			$		9.01				842,914			$		9,571

(1) On October 2, 2023, our Board of Directors authorized the repurchase of up to $10.0 million of our common stock, subject to certain conditions, in the open market, in block purchases, or in privately negotiated transactions. This authorization expired on September 30, 2024. During the three and six months ended October 31, 2024, under this expired authorization, we repurchased a total of 64,837 and 106,854 shares of our common stock for $577,000 and $958,000, respectively, utilizing cash on hand. On September 25, 2024, our Board of Directors approved a program to purchase up to $10.0 million of our common stock, subject to certain conditions, in the open market, in block purchases, or in privately negotiated transactions, commencing on October 1, 2024 and executable through September 30, 2025. We purchased 46,643 shares during the three and six months ended October 31, 2024 for a total of $429,000, utilizing cash on hand. During the three and six months ended October 31, 2024, under these authorizations, we repurchased a total of 111,480 and 153,497 shares, respectively, of our common stock for $1.0 million and $1.4 million, respectively, utilizing cash on hand. As of October 31, 2024, we have $9.6 million of available funds to repurchase our common stock under the current authorization.

(2) The average price per share excludes fees paid to acquire the shares.

 

 

Item 5. Other Information

During the quarter ended October 31, 2024, none of our directors or officers adopted or terminated a "Rule 10b5-1 trading arrangement" or a "non-Rule 10b5-1 trading arrangement" (in each case, as defined in item 408 of Regulation S-K).

---

Item 6. Exhibits

The exhibits listed on the Index to Exhibits (immediately preceding the signatures section of this Quarterly Report on Form 10-Q) are included herewith or incorporated herein by reference.

 

INDEX TO EXHIBITS

31.1#		Rule 13a-14(a)/15d-14(a) Certification of Principal Executive Officer
31.2#		Rule 13a-14(a)/15d-14(a) Certification of Principal Financial Officer
32.1##		Section 1350 Certification of Principal Executive Officer
32.2##		Section 1350 Certification of Principal Financial Officer
101.INS		Inline XBRL Instance Document – The instance document does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document.
101.SCH		Inline XBRL Taxonomy Extension Schema Document
101.CAL		Inline XBRL Taxonomy Extension Calculation Linkbase Document
101.DEF		Inline XBRL Taxonomy Extension Definition Linkbase Document
101.LAB		Inline XBRL Taxonomy Extension Label Linkbase Document
101.PRE		Inline XBRL Taxonomy Extension Presentation Linkbase Document
104		Cover Page Interactive Data File (formatted as Inline XBRL with applicable taxonomy extension information contained in Exhibits 101).

# Filed herewith

## Furnished herewith

---

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

		AMERICAN OUTDOOR BRANDS, INC., a Delaware corporation
Date: December 5, 2024		By:		/s/ Brian D. Murphy
				Brian D. Murphy
				President and Chief Executive Officer
Date: December 5, 2024		By:		/s/ H. Andrew Fulmer
				H. Andrew Fulmer
				Executive Vice President, Chief Financial Officer, and Treasurer

 

---

Exhibit 31.1

CERTIFICATION OF PRINCIPAL EXECUTIVE OFFICER PURSUANT TO

RULES 13a-14(a) AND 15d-14(a) UNDER THE SECURITIES EXCHANGE ACT OF 1934,

AS ADOPTED PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002

I, Brian D. Murphy, certify that:

 

Date: December 5, 2024		By:	/s/ Brian D. Murphy
			Brian D. Murphy
			President and Chief Executive Officer

 

---

Exhibit 31.2

CERTIFICATION OF PRINCIPAL FINANCIAL OFFICER PURSUANT TO

RULES 13a-14(a) AND 15d-14(a) UNDER THE SECURITIES EXCHANGE ACT OF 1934,

AS ADOPTED PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002

I, H. Andrew Fulmer, certify that:

 

Date: December 5, 2024		By:	/s/ H. Andrew Fulmer
			H. Andrew Fulmer
			Executive Vice President, Chief Financial Officer, and Treasurer

 

---

Exhibit 32.1

CERTIFICATION OF PRINCIPAL EXECUTIVE OFFICER PURSUANT TO

18 U.S.C. SECTION 1350, AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report of American Outdoor Brands, Inc. (the “Company”) on Form 10-Q for the period ended October 31, 2024 as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, Brian D. Murphy, the President and Chief Executive Officer of the Company, certify, pursuant to 18 U.S.C. § 1350, as adopted pursuant to § 906 of the Sarbanes-Oxley Act of 2002, that:

 

Date: December 5, 2024		By:	/s/ Brian D. Murphy
			Brian D. Murphy
			President and Chief Executive Officer

 

This certification accompanies the Quarterly Report on Form 10-Q to which it relates, is not deemed filed with the Securities and Exchange Commission, and is not to be incorporated by reference into any filing of American Outdoor Brands, Inc. under the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended (whether made before or after the date of the Quarterly Report on Form 10-Q), irrespective of any general incorporation language contained in such filing.

 

---

Exhibit 32.2

CERTIFICATION OF PRINCIPAL FINANCIAL OFFICER PURSUANT TO

18 U.S.C. SECTION 1350, AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report of American Outdoor Brands, Inc. (the “Company”) on Form 10-Q for the period ended October 31, 2024 as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, H. Andrew Fulmer, the Executive Vice President, Chief Financial Officer, and Treasurer of the Company, certify, pursuant to 18 U.S.C. § 1350, as adopted pursuant to § 906 of the Sarbanes-Oxley Act of 2002, that:

 

Date: December 5, 2024		By:	/s/ H. Andrew Fulmer
			H. Andrew Fulmer
			Executive Vice President, Chief Financial Officer, and Treasurer

 

This certification accompanies the Quarterly Report on Form 10-Q to which it relates, is not deemed filed with the Securities and Exchange Commission, and is not to be incorporated by reference into any filing of American Outdoor Brands, Inc. under the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended (whether made before or after the date of the Quarterly Report on Form 10-Q), irrespective of any general incorporation language contained in such filing.

 

---

v3.24.3

Document and Entity Information - shares	6 Months Ended
	Oct. 31, 2024	Nov. 29, 2024
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Oct. 31, 2024
Document Fiscal Year Focus	2025
Document Fiscal Period Focus	Q2
Entity Registrant Name	American Outdoor Brands, Inc.
Entity Central Index Key	0001808997
Current Fiscal Year End Date	--04-30
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	true
Entity Ex Transition Period	true
Entity Shell Company	false
Entity File Number	001-39366
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	84-4630928
Entity Address, Address Line One	1800 North Route Z
Entity Address, City or Town	Columbia
Entity Address, State or Province	MO
Entity Address, Postal Zip Code	65202
City Area Code	800
Local Phone Number	338-9585
Document Quarterly Report	true
Document Transition Report	false
Entity Common Stock, Shares Outstanding		12,763,907
Title of 12(b) Security	Common Stock, par value $0.001 per share
Trading Symbol	AOUT
Security Exchange Name	NASDAQ

v3.24.3

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Thousands	Oct. 31, 2024	Apr. 30, 2024
Current assets:
Cash and cash equivalents	$ 14,223	$ 29,698
Accounts receivable, net of allowance for credit losses of $159 on October 31, 2024 and $133 on April 30, 2024	43,259	25,728
Inventories	111,566	93,315
Prepaid expenses and other current assets	4,904	6,410
Income tax receivable	270	223
Total current assets	174,222	155,374
Property, plant, and equipment, net	10,963	11,038
Intangible assets, net	35,887	40,217
Right-of-use assets	32,748	33,564
Other assets	305	404
Total assets	254,125	240,597
Current liabilities:
Accounts payable	25,376	14,198
Accrued expenses	12,718	9,687
Accrued payroll and incentives	3,194	4,167
Lease liabilities, current	1,353	1,331
Total current liabilities	42,641	29,383
Lease liabilities, net of current portion	32,630	33,289
Total liabilities	75,271	62,672
Commitments and contingencies (Note 11)
Equity:
Preferred stock, $0.001 par value, 20,000,000 shares authorized, no shares issued or outstanding on October 31, 2024 and April 30, 2024
Common stock, $0.001 par value, 100,000,000 shares authorized, 14,889,594 shares issued and 12,832,682 shares outstanding on October 31, 2024 and 14,701,280 shares issued and 12,797,865 shares outstanding on April 30, 2024	15	15
Additional paid in capital	278,677	277,107
Retained deficit	(73,877)	(74,623)
Treasury stock, at cost (2,056,912 shares on October 31, 2024 and 1,903,415 shares on April 30, 2024)	(25,961)	(24,574)
Total equity	178,854	177,925
Total liabilities and equity	$ 254,125	$ 240,597

v3.24.3

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) (Unaudited) - USD ($) $ in Thousands	Oct. 31, 2024	Apr. 30, 2024
Statement of Financial Position [Abstract]
Allowance for credit losses	$ 159	$ 133
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, authorized	20,000,000	20,000,000
Preferred stock, issued	0	0
Preferred stock, outstanding	0	0
Common stock, par value	$ 0.001	$ 0.001
Common stock, authorized	100,000,000	100,000,000
Common stock, issued	14,889,594	14,701,280
Common stock, outstanding	12,832,682	12,797,865
Treasury stock, shares	2,056,912	1,903,415

v3.24.3

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($) shares in Thousands	3 Months Ended		6 Months Ended
	Oct. 31, 2024	Oct. 31, 2023	Oct. 31, 2024	Oct. 31, 2023
Income Statement [Abstract]
Net sales	$ 60,232,000	$ 57,931,000	$ 101,875,000	$ 101,376,000
Cost of sales	31,325,000	31,441,000	54,043,000	55,167,000
Gross profit	28,907,000	26,490,000	47,832,000	46,209,000
Operating expenses:
Research and development	1,866,000	1,675,000	3,540,000	3,274,000
Selling, marketing, and distribution	14,973,000	15,414,000	26,356,000	27,468,000
General and administrative	8,998,000	9,423,000	17,439,000	19,573,000
Total operating expenses	25,837,000	26,512,000	47,335,000	50,315,000
Operating income/(loss)	3,070,000	(22,000)	497,000	(4,106,000)
Other (expense)/income, net:
Other income, net	59,000	53,000	141,000	92,000
Interest income/(expense), net	(6,000)	6,000	142,000	(7,000)
Total other income, net	53,000	59,000	283,000	85,000
Income/(loss) from operations before income taxes	3,123,000	37,000	780,000	(4,021,000)
Income tax expense/(benefit)	12,000	(40,000)	34,000	15,000
Net income/(loss)	$ 3,111,000	$ 77,000	$ 746,000	$ (4,036,000)
Net income/(loss) per share:
Basic	$ 0.24	$ 0.01	$ 0.06	$ (0.31)
Diluted	$ 0.24	$ 0.01	$ 0.06	$ (0.31)
Weighted average number of common shares outstanding:
Basic	12,860	13,010	12,862	13,100
Diluted	13,145	13,256	13,211	13,100

v3.24.3

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (Unaudited) - USD ($) $ in Thousands	Total	Common Stock	Additional Paid-In Capital	Retained Deficit	Treasury Stock
Balance at Apr. 30, 2023	$ 191,864	$ 14	$ 272,784	$ (62,375)	$ (18,559)
Balance, shares at Apr. 30, 2023		14,447,000			1,214,000
Net Income (Loss)	(4,036)			(4,036)
Stock-based compensation	1,938		1,938
Shares issued under employee stock purchase plan	339		339
Shares issued under employee stock purchase plan, shares		47,000
Issuance of common stock under restricted stock unit awards, net of tax	(352)	$ 1	(353)
Issuance of common stock under restricted stock unit awards, net of tax, shares		112,000
Repurchase of treasury stock	(3,762)				$ (3,762)
Repurchase of treasury stock, shares					426,000
Balance at Oct. 31, 2023	185,991	$ 15	274,708	(66,411)	$ (22,321)
Balance, shares at Oct. 31, 2023		14,606,000			1,640,000
Balance at Jul. 31, 2023	186,115	$ 15	273,415	(66,488)	$ (20,827)
Balance, shares at Jul. 31, 2023		14,543,000			1,482,000
Net Income (Loss)	77			77
Stock-based compensation	1,005		1,005
Shares issued under employee stock purchase plan	339		339
Shares issued under employee stock purchase plan, shares		47,000
Issuance of common stock under restricted stock unit awards, net of tax	(51)		(51)
Issuance of common stock under restricted stock unit awards, net of tax, shares		16,000
Repurchase of treasury stock	(1,494)				$ (1,494)
Repurchase of treasury stock, shares					158,000
Balance at Oct. 31, 2023	185,991	$ 15	274,708	(66,411)	$ (22,321)
Balance, shares at Oct. 31, 2023		14,606,000			1,640,000
Balance at Apr. 30, 2024	$ 177,925	$ 15	277,107	(74,623)	$ (24,574)
Balance, shares at Apr. 30, 2024	12,797,865	14,701,000			1,903,000
Net Income (Loss)	$ 746			746
Stock-based compensation	1,798		1,798
Shares issued under employee stock purchase plan	286		286
Shares issued under employee stock purchase plan, shares		39,000
Issuance of common stock under restricted stock unit awards, net of tax	(514)		(514)
Issuance of common stock under restricted stock unit awards, net of tax, shares		150,000
Repurchase of treasury stock	(1,387)				$ (1,387)
Repurchase of treasury stock, shares					154,000
Balance at Oct. 31, 2024	$ 178,854	$ 15	278,677	(73,877)	$ (25,961)
Balance, shares at Oct. 31, 2024	12,832,682	14,890,000			2,057,000
Balance at Jul. 31, 2024	$ 175,714	$ 15	277,642	(76,988)	$ (24,955)
Balance, shares at Jul. 31, 2024		14,820,000			1,945,000
Net Income (Loss)	3,111			3,111
Stock-based compensation	866		866
Shares issued under employee stock purchase plan	286		286
Shares issued under employee stock purchase plan, shares		39,000
Issuance of common stock under restricted stock unit awards, net of tax	(117)		(117)
Issuance of common stock under restricted stock unit awards, net of tax, shares		31,000
Repurchase of treasury stock	(1,006)				$ (1,006)
Repurchase of treasury stock, shares					112,000
Balance at Oct. 31, 2024	$ 178,854	$ 15	$ 278,677	$ (73,877)	$ (25,961)
Balance, shares at Oct. 31, 2024	12,832,682	14,890,000			2,057,000

v3.24.3

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Oct. 31, 2024	Oct. 31, 2023
Cash flows from operating activities:
Net income/(loss)	$ 746	$ (4,036)
Adjustments to reconcile net income/(loss) to net cash used in operating activities:
Depreciation and amortization	6,626	7,927
Loss on sale/disposition of assets		7
Provision for credit losses on accounts receivable	25	6
Stock-based compensation expense	1,798	1,938
Changes in operating assets and liabilities:
Accounts receivable	(17,556)	(13,607)
Inventories	(18,251)	(9,389)
Prepaid expenses and other current assets	1,506	1,823
Income tax receivable	(47)	950
Accounts payable	10,578	6,331
Accrued payroll and incentives	(973)	1,119
Right of use assets	816	592
Accrued expenses	3,031	3,530
Other assets	51	75
Lease liabilities	(637)	(465)
Other non-current liabilities		(16)
Net cash used in operating activities	(12,287)	(3,215)
Cash flows from investing activities:
Payments to acquire patents and software	(665)	(761)
Proceeds from sale of property and equipment		131
Payments to acquire property and equipment	(908)	(951)
Net cash used in investing activities	(1,573)	(1,581)
Cash flows from financing activities:
Payments on notes and loans payable		(5,000)
Payments to acquire treasury stock	(1,387)	(3,762)
Proceeds from exercise of options to acquire common stock, including employee stock purchase plan	286	339
Payment of employee withholding tax related to restricted stock units	(514)	(352)
Net cash used in financing activities	(1,615)	(8,775)
Net decrease in cash and cash equivalents	(15,475)	(13,571)
Cash and cash equivalents, beginning of period	29,698	21,950
Cash and cash equivalents, end of period	14,223	8,379
Supplemental disclosure of cash flow information Cash paid for:
Interest	105	196
Income taxes (net of refunds)	$ 72	$ (936)

v3.24.3

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Oct. 31, 2024	Oct. 31, 2023	Oct. 31, 2024	Oct. 31, 2023
Pay vs Performance Disclosure
Net Income (Loss)	$ 3,111	$ 77	$ 746	$ (4,036)

v3.24.3

Insider Trading Arrangements	3 Months Ended
	Oct. 31, 2024
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

v3.24.3

Organization	6 Months Ended
	Oct. 31, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization	(1) Organization: American Outdoor Brands, Inc. and its wholly owned Subsidiaries (our “company,” “we,” “us,” or “our”) is an innovation company that provides product solutions for outdoor enthusiasts, including hunting, fishing, camping, shooting, outdoor cooking, and personal security and personal defense products. We conceive, design, source, and sell our outdoor lifestyle products, including premium sportsman knives and tools for fishing and hunting; land management tools for hunting preparedness; harvesting products for post-hunt or post-fishing activities; outdoor cooking products; and camping, survival, and emergency preparedness products. We conceive, design, produce or source, and sell our shooting sports accessories, such as rests, vaults, and other related accessories; electro-optical devices, including hunting optics, firearm aiming devices, flashlights, and laser grips; and reloading, gunsmithing, and firearm cleaning supplies. We develop and market all our products as well as assemble some of our electro-optics products at our facility in Columbia, Missouri. We also contract for the manufacture and assembly of most of our products with third parties located in Asia. We focus on our brands and the establishment of product categories in which we believe our brands will resonate strongly with the activities and passions of consumers and enable us to capture an increasing share of our overall addressable markets. Our owned brands include BOG, BUBBA, Caldwell, Crimson Trace, Frankford Arsenal, Grilla Grills, or Grilla, Hooyman, Imperial, LaserLyte, Lockdown, MEAT! Your Maker, Old Timer, Schrade, Tipton, Uncle Henry, ust, and Wheeler, and we license additional brands for use in association with certain products we sell, including M&P, Smith & Wesson, Performance Center by Smith & Wesson, and Thompson/Center. In focusing on the growth of our brands, our marketing, product development, and e-commerce teams focus on supporting our four brand lanes, each of which focuses on one of four distinct consumer verticals – Adventurer, Harvester, Marksman, and Defender – with each of our brands included in one of the brand lanes. • Our Adventurer brands include products that help enhance consumers’ fishing, outdoor cooking, and camping experiences. • Our Harvester brands focus on the activities hunters typically engage in, including the activities to prepare for the hunt, the hunt itself, and the activities that follow a hunt, such as meat processing. • Our Marksman brands address product needs arising from consumer activities that take place primarily at the shooting range and where firearms are cleaned, maintained, and worked on. • Our Defender brands focus on protection and include products that are used by consumers in situations that require self-defense for training and for securing high value or high consequence possessions.

v3.24.3

Basis of Presentation	6 Months Ended
	Oct. 31, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	(2) Basis of Presentation: Interim Financial Information Our unaudited condensed consolidated financial statements have been prepared in accordance with the requirements of the SEC for interim reporting. As permitted under those rules, certain disclosures and other financial information that normally are required by accounting principles generally accepted in the United States ("GAAP") have been condensed or omitted. Our accounting policies are described in the Notes to the Consolidated Financial Statements in our Annual Report on Form 10-K for our fiscal year ended April 30, 2024. We are responsible for the condensed consolidated financial statements included in this report, which are unaudited but, in our opinion, include all adjustments necessary for a fair presentation of our condensed consolidated balance sheet as of October 31, 2024, our condensed consolidated statement of operations for the three and six months ended October 31, 2024 and 2023, and our condensed consolidated statement of cash flows for the six months ended October 31, 2024 and 2023. The consolidated balance sheet as of April 30, 2024 was derived from audited financial statements. The results reported in these condensed consolidated financial statements should not necessarily be taken as indicative of results that may be expected for the entire fiscal year. Revenue Recognition We recognize revenue for the sale of our products at the point in time when the control of ownership has transferred to the customer. The transfer of control typically occurs at a point in time based on consideration of when the customer has (i) a payment obligation, (ii) physical possession of goods has been received, (iii) legal title to goods has passed, (iv) risks and rewards of ownership of goods has passed to the customer, and (v) the customer has accepted the goods. The timing of revenue recognition occurs either on shipment or delivery of goods based on contractual terms with the customer, as this is when transfer of control occurs and the customer accepts the product, has title and significant risks and rewards of ownership of the product, and physical possession of the product has been transferred. Revenue recorded excludes sales tax charged to retail customers as we are considered a pass-through conduit for collecting and remitting sales taxes. The duration of contractual arrangements with customers in our wholesale channels is typically less than one year. Payment terms with customers are typically between 20 and 90 days, with a discount available in certain cases for early payment. For contracts with discounted terms, we determine the transaction price upon establishment of the contract that contains the final terms of the sale, including the description, quantity, and price of each product purchased. We estimate variable consideration relative to the amount of cash discounts to which customers are likely to be entitled. In some instances, we provide longer payment terms, particularly as it relates to our hunting dating programs, which represent payment terms due in the fall for certain orders of hunting products received in the spring and summer. We do not consider these extended terms to be a significant financing component of the contract because the payment terms are less than one year. We have elected to treat all shipping and handling activities as fulfillment costs and recognize the costs as distribution expenses at the time we recognize the related revenue. Shipping and handling costs billed to customers are included in net sales. We sponsor direct-to-consumer customer loyalty programs. Customers earn rewards from qualifying purchases or activities. We defer revenue for a portion of the transaction price from product sales to customers that earn loyalty points. The amount of revenue we recognize reflects the expected consideration to be received for providing the goods or services to customers, which includes estimates for variable consideration. Variable consideration includes allowances for trade term discounts, sales volume incentives, chargebacks, and product returns. Estimates of variable consideration are determined at contract inception and are constrained to the extent that inclusion of such variable consideration could result in a significant reversal of cumulative revenue in future periods. We apply the portfolio approach as a practical expedient and utilize the expected value method in determining estimates of variable consideration, based on evaluations of specific product and customer circumstances, historical and anticipated trends, and current economic conditions. We have co-op advertising program expense, which we record within advertising expense, in recognition of a distinct service that we receive from our customers at the retail level. Disaggregation of Revenue The following table sets forth certain information regarding trade channel net sales for the three months ended October 31, 2024 and 2023 (dollars in thousands):       2024     2023     $ Change     % Change   e-commerce channels net sales   $ 24,282     $ 23,462     $ 820       3.5 % Traditional channels net sales     35,950       34,469       1,481       4.3 % Total net sales   $ 60,232     $ 57,931     $ 2,301       4.0 %   Our e-commerce channels include net sales from customers that do not traditionally operate a physical brick-and-mortar store, but generate the majority of their revenue from consumer purchases at their retail websites. Our e-commerce channels also include our direct-to-consumer sales. Our traditional channels include customers that operate primarily out of physical brick and mortar stores and generate the large majority of their revenue from consumer purchases at their brick-and-mortar locations. We sell our products worldwide. The following table sets forth certain information regarding geographic makeup of net sales included in the above table for the three months ended October 31, 2024 and 2023 (dollars in thousands):     2024     2023     $ Change     % Change   Domestic net sales   $ 56,847     $ 54,982     $ 1,865       3.4 % International net sales     3,385       2,949       436       14.8 % Total net sales   $ 60,232     $ 57,931     $ 2,301       4.0 %     The following table sets forth certain information regarding net sales in our shooting sports and outdoor lifestyle categories for the three months ended October 31, 2024 and 2023 (dollars in thousands):     2024     2023     $ Change     % Change   Shooting sports net sales   $ 23,806     $ 23,371     $ 435       1.9 % Outdoor lifestyle net sales     36,426       34,560       1,866       5.4 % Total net sales   $ 60,232     $ 57,931     $ 2,301       4.0 %   The following table sets forth certain information regarding trade channel net sales for the six months ended October 31, 2024 and 2023 (dollars in thousands):       2024     2023     $ Change     % Change     e-commerce channels net sales   $ 40,783     $ 41,838     $ (1,055 )     -2.5 %   Traditional channels net sales     61,092       59,538       1,554       2.6 %   Total net sales   $ 101,875     $ 101,376     $ 499       0.5 %   The following table sets forth certain information regarding geographic makeup of net sales included in the above table for the six months ended October 31, 2024 and 2023 (dollars in thousands):       2024     2023     $ Change     % Change     Domestic net sales   $ 94,060     $ 94,771     $ (711 )     -0.8 %   International net sales     7,815       6,605       1,210       18.3 %   Total net sales   $ 101,875     $ 101,376     $ 499       0.5 %   The following table sets forth certain information regarding net sales categories for the six months ended October 31, 2024 and 2023 (dollars in thousands):       2024     2023     $ Change     % Change   Shooting sports net sales   $ 42,484     $ 43,446     $ (962 )     -2.2 % Outdoor lifestyle net sales     59,391       57,930       1,461       2.5 % Total net sales   $ 101,875     $ 101,376     $ 499       0.5 %   Recently Issued Accounting Pronouncements In November 2024, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") No. 2024-03, Income Statement - Reporting Comprehensive Income - Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses ("ASU 2024-03), which requires disaggregation disclosures on an annual or interim basis, in the notes to the financial statements, of certain categories of expenses that are included in expense line items on the face of the statement of operations. ASU 2024-03 is effective for fiscal years beginning after December 15, 2026, and interim periods within fiscal years beginning after December 15, 2027 and should be applied prospectively, with the option to apply the standard retrospectively. We are currently evaluating the impact of adopting this ASU 2024-03 on our consolidated financial statements and disclosures. In December 2023, the FASB issued ASU No. 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures ("ASU 2023-09"), which improves the transparency of income tax disclosures by requiring companies to (1) disclose consistent categories and greater disaggregation of information in the effective rate reconciliation and (2) provide information on income taxes paid disaggregated by jurisdiction. ASU 2023-09 is effective for fiscal years beginning after December 15, 2024, although early adoption is permitted. The guidance should be applied on a prospective basis with the option to apply the standard retrospectively. We are currently evaluating the impact of adopting this ASU 2023-09 on our consolidated financial statements and disclosures. In November 2023, the FASB issued ASU No. 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures ("ASU 2023-07"), which improves financial reporting by requiring disclosure of incremental segment information. The new guidance is effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024. Early adoption is permitted. We are currently evaluating the impact of adopting this ASU 2023-07 on our consolidated financial statements and disclosures.

v3.24.3

Leases	6 Months Ended
	Oct. 31, 2024
Leases [Abstract]
Leases	(3) Leases: We lease real estate, as well as other equipment, under non-cancelable operating lease agreements. We recognize expenses under our operating lease assets and liabilities at the commencement date based on the present value of lease payments over the lease terms. Our leases do not provide an implicit interest rate. We use our incremental borrowing rate consistent with our revolving line of credit based on the information available at the lease commencement date in determining the discount rate for the present value of lease payments. Our lease agreements do not require material variable lease payments, residual value guarantees, or restrictive covenants. For operating leases, we recognize expense on a straight-line basis over the lease term. We record tenant improvement allowances as an offsetting adjustment included in our calculation of the respective right-of-use asset. Many of our leases include renewal options that can extend the lease term. These renewal options are at our sole discretion and are reflected in the lease term when they are reasonably certain to be exercised. The depreciable life of assets and leasehold improvements are limited by the expected lease term. The amounts of assets and liabilities related to our operating leases as of October 31, 2024 and April 30, 2024 are as follows (in thousands):       October 31, 2024     April 30, 2024   Operating Leases             Right-of-use assets   $ 37,541     $ 37,540   Accumulated amortization     (4,793 )     (3,976 ) Right-of-use assets, net   $ 32,748     $ 33,564                 Lease liabilities, current portion   $ 1,353     $ 1,331   Lease liabilities, net of current portion     32,630       33,289   Total operating lease liabilities   $ 33,983     $ 34,620                   For the three and six months ended October 31, 2024, we recorded $1.0 million and $2.0 million, respectively, of operating lease costs, of which $2,000, respectively, were short-term operating lease costs respectively. For the three and six months ended October 31, 2023, we recorded $808,000 and $1.6 million, respectively, of operating lease costs, of which $6,000 and $8,000 were short-term operating lease costs. As of October 31, 2024, our weighted average lease term and weighted average discount rate for our operating leases were 14.0 years and 6.0%, respectively. The operating lease costs, weighted average lease term, and weighted average discount rate, are primarily driven by the lease of our corporate office and warehouse facility in Columbia, Missouri through fiscal 2039. The depreciable lives of right-of-use assets are limited by the lease term and are amortized on a straight-line basis over the life of the lease.   Future lease payments for all our operating leases for the remainder of fiscal 2025 and for succeeding fiscal years, as of October 31, 2024, are as follows (in thousands):         Operating   2025       $ 1,695   2026         3,360   2027         3,399   2028         3,450   2029         3,510   2030         3,572   Thereafter         32,461   Total future lease payments         51,447   Less amounts representing interest         (17,464 ) Present value of lease payments         33,983   Less current maturities of lease liabilities         (1,353 ) Long-term maturities of lease liabilities       $ 32,630     The cash paid for amounts included in the measurement of liabilities and the operating cash flows was $637,000 and $465,000 for the six months ended October 31, 2024 and 2023, respectively.

v3.24.3

Intangible Assets, Net	6 Months Ended
	Oct. 31, 2024
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Intangible Assets, Net	(4) Intangible Assets, net: The following table summarizes intangible assets as of October 31, 2024 and April 30, 2024 (in thousands):       October 31, 2024     April 30, 2024       Gross                 Gross                   Carrying     Accumulated     Net Carrying     Carrying     Accumulated     Net Carrying       Amount     Amortization   Amount   Amount   Amortization     Amount   Customer relationships   $ 89,980     $ (80,750 )   $ 9,230     $ 89,980     $ (78,877 )   $ 11,103   Developed software and technology     27,950       (21,307 )     6,643       27,762       (20,250 )     7,512   Patents, trademarks, and trade names     69,772       (52,001 )     17,771       69,497       (50,046 )     19,451       187,702       (154,058 )     33,644       187,239       (149,173 )     38,066   Patents and software in development     1,813       —       1,813       1,721       —       1,721   Total definite-lived intangible assets     189,515       (154,058 )     35,457       188,960       (149,173 )     39,787   Indefinite-lived intangible assets     430       —       430       430       —       430   Total intangible assets   $ 189,945     $ (154,058 )   $ 35,887     $ 189,390     $ (149,173 )   $ 40,217     We amortize intangible assets with determinable lives over a weighted-average period of approximately five years. The weighted-average periods of amortization by intangible asset class is approximately five years for customer relationships, six years for developed software and technology, and six years for patents, trademarks, and trade names. Amortization expense amounted to $2.4 million and $3.2 million for the three months ended October 31, 2024 and 2023, respectively. Amortization expense amounted to $4.9 million and $6.5 million for the six months ended October 31, 2024 and 2023, respectively. Future expected amortization expense for the remainder of fiscal 2025 and for succeeding fiscal years, as of October 31, 2024, are as follows (in thousands):   Fiscal   Amount   2025   $ 4,906   2026     8,405   2027     6,000   2028     4,548   2029     2,952   2030     2,184   Thereafter     4,649   Total   $ 33,644

v3.24.3

Fair Value Measurement	6 Months Ended
	Oct. 31, 2024
Fair Value Disclosures [Abstract]
Fair Value Measurement	(5) Fair Value Measurement: We follow the provisions of ASC 820-10, Fair Value Measurements and Disclosures Topic, or ASC 820-10, for our financial assets and liabilities. ASC 820-10 provides a framework for measuring fair value under GAAP and requires expanded disclosures regarding fair value measurements. ASC 820-10 defines fair value as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. ASC 820-10 also establishes a fair value hierarchy, which requires an entity to maximize the use of observable inputs, where available, and minimize the use of unobservable inputs when measuring fair value. Financial assets and liabilities recorded on the accompanying condensed consolidated balance sheets are categorized based on the inputs to the valuation techniques as follows: Level 1 — Financial assets and liabilities whose values are based on unadjusted quoted prices for identical assets or liabilities in an active market that we have the ability to access at the measurement date (examples include active exchange-traded equity securities, listed derivatives, and most U.S. Government and agency securities). Our cash and cash equivalents, which are measured at fair value on a recurring basis, totaled $14.2 million as of October 31, 2024 and $29.7 million as of April 30, 2024 and would be the maximum amount of loss subject to credit risk. Cash and cash equivalents are reported at fair value based on market prices for identical assets in active markets, and therefore classified as Level 1 of the value hierarchy. Level 2 — Financial assets and liabilities whose values are based on quoted prices in markets in which trading occurs infrequently or whose values are based on quoted prices of instruments with similar attributes in active markets. Level 2 inputs include the following: • quoted prices for identical or similar assets or liabilities in non-active markets (such as corporate and municipal bonds which trade infrequently); • inputs other than quoted prices that are observable for substantially the full term of the asset or liability (such as interest rate and currency swaps); and • inputs that are derived principally from or corroborated by observable market data for substantially the full term of the asset or liability (such as certain securities and derivatives). Level 3 — Financial assets and liabilities whose values are based on prices or valuation techniques that require inputs that are both unobservable and significant to the overall fair value measurement. These inputs reflect our assumptions about the assumptions a market participant would use in pricing the asset or liability. We do not have any Level 3 financial assets or liabilities as of October 31, 2024 and April 30, 2024.

v3.24.3

Inventories	6 Months Ended
	Oct. 31, 2024
Inventory Disclosure [Abstract]
Inventories	(6) Inventories: The following table sets forth a summary of inventories, stated at lower of cost or net realizable value, as of October 31, 2024 and April 30, 2024 (in thousands):       October 31, 2024     April 30, 2024   Finished goods   $ 102,705     $ 83,879   Finished parts     2,522       2,402   Work in process     256       75   Raw material     6,083       6,959   Total inventories   $ 111,566     $ 93,315     Certain of our suppliers in Asia require deposits to procure our inventory prior to beginning the manufacturing process. These deposits on our inventory vary by supplier and range from 30% to 100%. As of October 31, 2024 and April 30, 2024, we have recorded $1.4 million and $4.3 million, respectively, of inventory on deposit in prepaid expenses and other current assets on our consolidated balance sheet.

v3.24.3

Debt	6 Months Ended
	Oct. 31, 2024
Debt Disclosure [Abstract]
Debt	(7) Debt: On August 24, 2020, we entered into a financing arrangement consisting of a $50.0 million revolving line of credit secured by substantially all our assets, maturing five years from the closing date, with available borrowings determined by a borrowing base calculation. The revolving line included an option to increase the credit commitment by an additional $15 million. The revolving line bore interest at a fluctuating rate equal to the Base Rate or LIBOR, as applicable, plus the applicable margin. On March 25, 2022, we amended our secured loan and security agreement, or the Amended Loan and Security Agreement, increasing the revolving line of credit to $75 million, secured by substantially all our assets, maturing in March 2027, with available borrowings determined by a borrowing base calculation. The amendment also includes an option to increase the credit commitment by an additional $15 million. The amended revolving line bears interest at a fluctuating rate equal to the Base Rate or Secured Overnight Financing Rate, or SOFR, as applicable, plus the applicable margin. The applicable margin can range from a minimum of 0.25% to a maximum of 1.75% based on certain conditions as defined in the Amended Loan and Security Agreement. The financing arrangement contains covenants relating to minimum debt service coverage. As of October 31, 2024, we had no borrowings outstanding on the revolving line of credit. If we would have had borrowings at October 31, 2024, those borrowings would have borne interest at approximately 6.40%, which is equal to SOFR plus the applicable margin. As of October 31, 2024, we have irrevocable standby letters of credit totaling $3.3 million to collateralize duty drawback bonds. During the three months ended October 31, 2024, no amounts have been drawn on the letter of credit.

v3.24.3

Equity	6 Months Ended
	Oct. 31, 2024
Equity [Abstract]
Equity	(8) Equity: Treasury Stock   On October 2, 2023, our Board of Directors authorized the repurchase of up to $10.0 million of our common stock, subject to certain conditions, in the open market, in block purchases, or in privately negotiated transactions. This authorization expired on September 30, 2024. On September 25, 2024, our Board of Directors approved a program to purchase up to $10.0 million of our common stock, subject to certain conditions, in the open market, in block purchases, or in privately negotiated transactions, commencing on October 1, 2024 and executable through September 30, 2025. During the three and six months ended October 31, 2024, under these authorizations, we repurchased 111,480 and 153,497 shares, respectively, of our common stock for $1.0 million and $1.4 million, respectively, utilizing cash on hand. Earnings per Share   We compute diluted earnings per share by giving effect to all potentially dilutive stock awards that are outstanding. The computation of diluted earnings per share excludes the effect of the potential exercise of stock-based awards when the effect of the potential exercise would be anti-dilutive. All of our outstanding RSUs were included in the computation of diluted earnings per share for the three months ended October 31, 2024 and 2023.   The following table provides a reconciliation of the net income amounts and weighted average number of common and common equivalent shares used to determine basic and diluted earnings per share for the three months ended October 31, 2024 and 2023 (in thousands, except per share data):     For the Three Months Ended October 31,     2024     2023     Net           Per Share     Net           Per Share     Income     Shares     Amount     Income     Shares     Amount   Basic earnings $   3,111       12,860     $   0.24     $   77       13,010     $   0.01   Effect of dilutive stock awards     —       285         —         —       246         —   Diluted earnings $   3,111       13,145     $   0.24     $   77       13,256     $   0.01       The following table provides a reconciliation of the net income amounts and weighted average number of common and common equivalent shares used to determine basic and diluted earnings per share for the six months ended October 31, 2024 and 2023 (in thousands, except per share data):     For the Six Months Ended October 31,     2024     2023     Net           Per Share     Net           Per Share     Income     Shares     Amount     Loss     Shares     Amount   Basic earnings/(loss) $   746       12,862     $   0.06     $   (4,036 )     13,100     $   (0.31 ) Effect of dilutive stock awards     —       349         —         —       —         —   Diluted earnings/(loss) $   746       13,211     $   0.06     $   (4,036 )     13,100     $   (0.31 )   Due to the loss from operations for the six months ended October 31, 2023, there are no common shares added to calculate dilutive earnings per share because the effect would be anti-dilutive. Incentive Stock and Employee Stock Purchase Plans   We have a stock incentive plan, or 2020 Incentive Compensation Plan, under which we can grant new awards to our employees and directors. We grant RSUs to employees and directors. The awards are made at no cost to the recipient. An RSU represents the right to receive one share of our common stock and does not carry voting or dividend rights. Except in specific circumstances, RSU grants to employees generally vest over a period of three or four years with one-third or one-fourth of the units vesting on each anniversary of the grant date, respectively. We amortize the aggregate fair value of our RSU grants to compensation expense over the vesting period. Awards that do not vest are forfeited. We grant PSUs to our executive officers and certain other employees from time to time. At the time of grant, we calculate the fair value of our PSUs using the Monte-Carlo simulation. We incorporate the following variables into the valuation model:       For the Six Months Ended October 31,       2024     2023   Grant date fair market value             American Outdoor Brands, Inc.   $ 7.89     $ 8.79   Russell 2000 Index   $ 1,980.23     $ 1,769.21   Volatility (a)             American Outdoor Brands, Inc.     48.15 %     45.53 % Russell 2000 Index     22.98 %     27.08 % Correlation coefficient (b)     0.37       0.48   Risk-free interest rate (c)     4.73 %     3.81 % Dividend yield (d)     0 %     0 %     (a) Expected volatility is calculated based on a peer group over the most recent period that represents the remaining term of the performance period as of the valuation date, or three years. (b) The correlation coefficient utilizes the same historical price data used to develop the volatility assumptions. (c) The risk-free interest rate is based on the yield of a zero-coupon U.S. Treasury bill, commensurate with the three-year performance period. (d) We do not expect to pay dividends in the foreseeable future. The PSUs vest, and the fair value of such PSUs will be recognized, over the corresponding three-year performance period. Our PSUs have a maximum aggregate award equal to 200% of the target unit amount granted. Generally, the number of PSUs that may be earned depends upon the total stockholder return, or TSR, of our common stock compared with the TSR of the Russell 2000 Index, or the RUT, over the three-year performance period. For PSUs, our stock must outperform the RUT by 5% in order for the target award to vest. In addition, there is a cap on the number of shares that can be earned under our PSUs, which is equal to six times the grant-date value of each award. During the six months ended October 31, 2024, we granted an aggregate of 98,412 PSUs to our executive officers. We also granted 278,764 RSUs during the six months ended October 31, 2024, including 98,412 RSUs to executive officers and 180,352 to non-executive officer employees and directors under our 2020 Incentive Compensation Plan. During the six months ended October 31, 2024, 23,987 PSUs were cancelled, at target, as a result of the performance condition not being met, and 18,995 RSUs were cancelled as a result of the service condition not being met. In connection with the vesting of RSUs, during the three months ended October 31, 2024, we delivered common stock to our employees, including our executive officers, and directors with a total market value of $1.9 million. During the six months ended October 31, 2023, we granted an aggregate of 75,894 PSUs to our executive officers. We also granted 318,438 RSUs during the three months ended October 31, 2023, including 103,118 RSUs to executive officers and 215,320 to non-executive officer employees and directors under our 2020 Incentive Compensation Plan. During the six months ended October 31, 2023, we cancelled 15,223 PSUs as a result of the performance condition not being met, and 21,296 RSUs were cancelled as a result of the service condition not being met. In connection with the vesting of RSUs, during the six months ended October 31, 2023, we delivered common stock to our employees, including our executive officers, and directors with a total market value of $1.3 million.   We recognized $900,000 and $1.0 million of stock-based compensation expense for the three months ended October 31, 2024 and 2023, respectively. We recognized $1.8 million and $1.9 million of stock-based compensation expense for the six months ended October 31, 2024 and 2023, respectively.   We include stock-based compensation expense in the cost of sales, sales and marketing, research and development, and general and administrative expenses. A summary of activity for unvested RSUs and PSUs under our 2020 Incentive Compensation Plan for the six months ended October 31, 2024 and 2023 is as follows:       For the six Months Ended October 31,         2024     2023               Weighted           Weighted         Total # of     Average     Total # of     Average         Restricted     Grant Date     Restricted     Grant Date         Stock Units     Fair Value     Stock Units     Fair Value     RSUs and PSUs outstanding, beginning of period     624,093     $ 11.27       560,579     $ 13.36     Awarded     377,176       8.40       394,332       8.69     Vested     (223,421 )     10.58       (161,149 )     11.86     Forfeited     (42,982 )     20.65       (51,742 )     9.62     RSUs and PSUs outstanding, end of period     734,866     $ 9.46       742,020     $ 11.46       As of October 31, 2024, there was $3.1 million of unrecognized compensation expense related to unvested RSUs and PSUs. We expect to recognize this expense over a weighted average remaining contractual term of 1.5 years.   We have an employee stock purchase plan, or ESPP, which authorizes the sale of up to 419,253 shares of our common stock to employees. All options and rights to participate in our ESPP are nontransferable and subject to forfeiture in accordance with our ESPP guidelines. Our current ESPP will be implemented in a series of successive offering periods, each with a maximum duration of 12 months. If the fair market value per share of our common stock on any purchase date is less than the fair market value per share on the start date of a 12-month offering period, then that offering period will automatically terminate and a new 12-month offering period will begin on the next business day. Each offering period will begin on April 1 or October 1, as applicable, immediately following the end of the previous offering period. Payroll deductions will be on an after-tax basis, in an amount of not less than 1% and not more than 20% (or such greater percentage as the committee appointed to administer our ESPP may establish from time to time before the first day of an offering period) of a participant’s compensation on each payroll date. The option exercise price per share will equal 85% of the lower of the fair market value on the first day of the offering period or the fair market value on the exercise date. The maximum number of shares that a participant may purchase during any purchase period is the greater of 2,500 shares, or a total of $25,000 in shares, based on the fair market value on the first day of the offering period. Our ESPP will remain in effect until the earliest of (a) the exercise date that participants become entitled to purchase a number of shares greater than the number of reserved shares available for purchase under our ESPP, (b) such date as is determined by our Board of Directors in its discretion, or (c) the tenth anniversary of the effective date. In the event of certain corporate transactions, each option outstanding under our ESPP will be assumed or an equivalent option will be substituted by the successor corporation or a parent or subsidiary of such successor corporation. During the six months ended October 31, 2024, 38,957 shares were purchased by our employees under our ESPP.   We measure the cost of employee services received in exchange for an award of an equity instrument based on the grant-date fair value of the award. We amortize the fair value of the award over the vesting period of the option. Under ESPP, fair value is determined at the beginning of the purchase period and amortized over the term of each exercise period. The following assumptions were used in valuing ESPP purchases under our ESPP during the six months ended October 31, 2024 and 2023:     For the Six Months Ended October 31,   2024     2023   Risk-free interest rate     3.98 %   5.46% - 5.53%   Expected term   6 months     6 months - 12 months   Expected volatility     40.7 %   43.2% - 48.9%   Dividend yield     0 %     0 %

v3.24.3

Accrued Expenses	6 Months Ended
	Oct. 31, 2024
Payables and Accruals [Abstract]
Accrued Expenses	(9) Accrued Expenses: The following table sets forth other accrued expenses as of October 31, 2024 and April 30, 2024 (in thousands):   October 31, 2024     April 30, 2024   Accrued freight $ 3,631     $ 2,829   Accrued sales allowances   3,537       1,891   Accrued warranty   1,408       1,243   Accrued professional fees   1,007       1,049   Accrued commissions   1,209       1,191   Accrued taxes other than income   836       321   Accrued employee benefits   427       499   Accrued other   663       664   Total accrued expenses $ 12,718     $ 9,687

v3.24.3

Income Taxes	6 Months Ended
	Oct. 31, 2024
Income Tax Disclosure [Abstract]
Income Taxes	(10) Income Taxes:   The income tax expense included in the condensed consolidated statements of operations is based upon the estimated effective tax rate for the year, adjusted for the impact of discrete items which are accounted for in the period in which they occur. We recorded income tax expense of $12,000 for the three months ended October 31, 2024 and an income tax benefit of $40,000 for the three months ended October 31, 2023. We recorded income tax expense of $34,000 and $15,000 for the six months ended October 31, 2024 and 2023, respectively. The effective tax rate for the three months ended October 31, 2024 and 2023 was 0.4% and (108.1%), respectively. The effective tax rate for the six months ended October 31, 2024 and 2023 was 4.4% and (0.4%), respectively.

v3.24.3

Commitments and Contingencies	6 Months Ended
	Oct. 31, 2024
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	(11) Commitments and Contingencies: Litigation From time to time, we are involved in lawsuits, claims, investigations, and proceedings, including those relating to product liability, intellectual property, commercial relationships, employment issues, and governmental matters, which arise in the ordinary course of business. For the three and six months ended October 31, 2024 and 2023, we did not incur any material expenses in defense and administrative costs relative to product liability litigation. In addition, we did not incur any settlement fees related to product liability cases in those fiscal years.     Gain Contingency   In 2018, the United States imposed additional section 301 tariffs of up to 25% on certain goods imported from China. These additional section 301 tariffs apply to our sourced products from China and have added additional cost to us. We are utilizing the duty drawback mechanism to offset some of the direct impact of these tariffs, specifically on goods that we sold internationally. We are accounting for duty drawbacks as a gain contingency and may record any such gain from a reimbursement in future periods if and when the contingency is resolved.

v3.24.3

Segment Reporting	6 Months Ended
	Oct. 31, 2024
Segment Reporting [Abstract]
Segment Reporting	(12) Segment Reporting: We have evaluated our operations under ASC 280-10-50-1 – Segment Reporting and have concluded that we are operating as one segment based on several key factors, including the reporting and review process used by the chief operating decision maker, our Chief Executive Officer, who reviews only consolidated financial information and makes decisions to allocate resources based on those financial statements. We analyze revenue streams in various ways, including customer group, brands, product categories, and customer channels. However, this information does not include a full set of discrete financial information. In addition, although we currently sell our products under 21 distinct brands that are organized into four brand lanes and include specific product sales that have identified revenue streams, these brand lanes are focused almost entirely on product development and marketing activities and do not qualify as separate reporting units under ASC 280-10-50-1. Other sales and customer focused activities, operating activities, and administrative activities are not divided by brand lane and, therefore, expenses related to each brand lane are not accumulated or reviewed individually. Our business is evaluated based upon a number of financial and operating measures, including sales, gross profit and gross margin, operating expenses, and operating margin. Our business includes our outdoor products and accessories products as well as our electro-optics products, which we develop, source, market, assemble, and distribute from our facility in Columbia, Missouri. We report operating costs based on the activities performed.

v3.24.3

Basis of Presentation (Policies)	6 Months Ended
	Oct. 31, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Interim Financial Information	Interim Financial Information Our unaudited condensed consolidated financial statements have been prepared in accordance with the requirements of the SEC for interim reporting. As permitted under those rules, certain disclosures and other financial information that normally are required by accounting principles generally accepted in the United States ("GAAP") have been condensed or omitted. Our accounting policies are described in the Notes to the Consolidated Financial Statements in our Annual Report on Form 10-K for our fiscal year ended April 30, 2024. We are responsible for the condensed consolidated financial statements included in this report, which are unaudited but, in our opinion, include all adjustments necessary for a fair presentation of our condensed consolidated balance sheet as of October 31, 2024, our condensed consolidated statement of operations for the three and six months ended October 31, 2024 and 2023, and our condensed consolidated statement of cash flows for the six months ended October 31, 2024 and 2023. The consolidated balance sheet as of April 30, 2024 was derived from audited financial statements. The results reported in these condensed consolidated financial statements should not necessarily be taken as indicative of results that may be expected for the entire fiscal year.
Revenue Recognition	Revenue Recognition We recognize revenue for the sale of our products at the point in time when the control of ownership has transferred to the customer. The transfer of control typically occurs at a point in time based on consideration of when the customer has (i) a payment obligation, (ii) physical possession of goods has been received, (iii) legal title to goods has passed, (iv) risks and rewards of ownership of goods has passed to the customer, and (v) the customer has accepted the goods. The timing of revenue recognition occurs either on shipment or delivery of goods based on contractual terms with the customer, as this is when transfer of control occurs and the customer accepts the product, has title and significant risks and rewards of ownership of the product, and physical possession of the product has been transferred. Revenue recorded excludes sales tax charged to retail customers as we are considered a pass-through conduit for collecting and remitting sales taxes. The duration of contractual arrangements with customers in our wholesale channels is typically less than one year. Payment terms with customers are typically between 20 and 90 days, with a discount available in certain cases for early payment. For contracts with discounted terms, we determine the transaction price upon establishment of the contract that contains the final terms of the sale, including the description, quantity, and price of each product purchased. We estimate variable consideration relative to the amount of cash discounts to which customers are likely to be entitled. In some instances, we provide longer payment terms, particularly as it relates to our hunting dating programs, which represent payment terms due in the fall for certain orders of hunting products received in the spring and summer. We do not consider these extended terms to be a significant financing component of the contract because the payment terms are less than one year. We have elected to treat all shipping and handling activities as fulfillment costs and recognize the costs as distribution expenses at the time we recognize the related revenue. Shipping and handling costs billed to customers are included in net sales. We sponsor direct-to-consumer customer loyalty programs. Customers earn rewards from qualifying purchases or activities. We defer revenue for a portion of the transaction price from product sales to customers that earn loyalty points. The amount of revenue we recognize reflects the expected consideration to be received for providing the goods or services to customers, which includes estimates for variable consideration. Variable consideration includes allowances for trade term discounts, sales volume incentives, chargebacks, and product returns. Estimates of variable consideration are determined at contract inception and are constrained to the extent that inclusion of such variable consideration could result in a significant reversal of cumulative revenue in future periods. We apply the portfolio approach as a practical expedient and utilize the expected value method in determining estimates of variable consideration, based on evaluations of specific product and customer circumstances, historical and anticipated trends, and current economic conditions. We have co-op advertising program expense, which we record within advertising expense, in recognition of a distinct service that we receive from our customers at the retail level. Disaggregation of Revenue The following table sets forth certain information regarding trade channel net sales for the three months ended October 31, 2024 and 2023 (dollars in thousands):       2024     2023     $ Change     % Change   e-commerce channels net sales   $ 24,282     $ 23,462     $ 820       3.5 % Traditional channels net sales     35,950       34,469       1,481       4.3 % Total net sales   $ 60,232     $ 57,931     $ 2,301       4.0 %   Our e-commerce channels include net sales from customers that do not traditionally operate a physical brick-and-mortar store, but generate the majority of their revenue from consumer purchases at their retail websites. Our e-commerce channels also include our direct-to-consumer sales. Our traditional channels include customers that operate primarily out of physical brick and mortar stores and generate the large majority of their revenue from consumer purchases at their brick-and-mortar locations. We sell our products worldwide. The following table sets forth certain information regarding geographic makeup of net sales included in the above table for the three months ended October 31, 2024 and 2023 (dollars in thousands):     2024     2023     $ Change     % Change   Domestic net sales   $ 56,847     $ 54,982     $ 1,865       3.4 % International net sales     3,385       2,949       436       14.8 % Total net sales   $ 60,232     $ 57,931     $ 2,301       4.0 %     The following table sets forth certain information regarding net sales in our shooting sports and outdoor lifestyle categories for the three months ended October 31, 2024 and 2023 (dollars in thousands):     2024     2023     $ Change     % Change   Shooting sports net sales   $ 23,806     $ 23,371     $ 435       1.9 % Outdoor lifestyle net sales     36,426       34,560       1,866       5.4 % Total net sales   $ 60,232     $ 57,931     $ 2,301       4.0 %   The following table sets forth certain information regarding trade channel net sales for the six months ended October 31, 2024 and 2023 (dollars in thousands):       2024     2023     $ Change     % Change     e-commerce channels net sales   $ 40,783     $ 41,838     $ (1,055 )     -2.5 %   Traditional channels net sales     61,092       59,538       1,554       2.6 %   Total net sales   $ 101,875     $ 101,376     $ 499       0.5 %   The following table sets forth certain information regarding geographic makeup of net sales included in the above table for the six months ended October 31, 2024 and 2023 (dollars in thousands):       2024     2023     $ Change     % Change     Domestic net sales   $ 94,060     $ 94,771     $ (711 )     -0.8 %   International net sales     7,815       6,605       1,210       18.3 %   Total net sales   $ 101,875     $ 101,376     $ 499       0.5 %   The following table sets forth certain information regarding net sales categories for the six months ended October 31, 2024 and 2023 (dollars in thousands):       2024     2023     $ Change     % Change   Shooting sports net sales   $ 42,484     $ 43,446     $ (962 )     -2.2 % Outdoor lifestyle net sales     59,391       57,930       1,461       2.5 % Total net sales   $ 101,875     $ 101,376     $ 499       0.5 %
Recently Issued Accounting Pronouncements	Recently Issued Accounting Pronouncements In November 2024, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") No. 2024-03, Income Statement - Reporting Comprehensive Income - Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses ("ASU 2024-03), which requires disaggregation disclosures on an annual or interim basis, in the notes to the financial statements, of certain categories of expenses that are included in expense line items on the face of the statement of operations. ASU 2024-03 is effective for fiscal years beginning after December 15, 2026, and interim periods within fiscal years beginning after December 15, 2027 and should be applied prospectively, with the option to apply the standard retrospectively. We are currently evaluating the impact of adopting this ASU 2024-03 on our consolidated financial statements and disclosures. In December 2023, the FASB issued ASU No. 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures ("ASU 2023-09"), which improves the transparency of income tax disclosures by requiring companies to (1) disclose consistent categories and greater disaggregation of information in the effective rate reconciliation and (2) provide information on income taxes paid disaggregated by jurisdiction. ASU 2023-09 is effective for fiscal years beginning after December 15, 2024, although early adoption is permitted. The guidance should be applied on a prospective basis with the option to apply the standard retrospectively. We are currently evaluating the impact of adopting this ASU 2023-09 on our consolidated financial statements and disclosures. In November 2023, the FASB issued ASU No. 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures ("ASU 2023-07"), which improves financial reporting by requiring disclosure of incremental segment information. The new guidance is effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024. Early adoption is permitted. We are currently evaluating the impact of adopting this ASU 2023-07 on our consolidated financial statements and disclosures.

v3.24.3

Basis of Presentation (Tables)	6 Months Ended
	Oct. 31, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule of Trade Channel Net Sales	The following table sets forth certain information regarding trade channel net sales for the three months ended October 31, 2024 and 2023 (dollars in thousands):       2024     2023     $ Change     % Change   e-commerce channels net sales   $ 24,282     $ 23,462     $ 820       3.5 % Traditional channels net sales     35,950       34,469       1,481       4.3 % Total net sales   $ 60,232     $ 57,931     $ 2,301       4.0 % The following table sets forth certain information regarding trade channel net sales for the six months ended October 31, 2024 and 2023 (dollars in thousands):       2024     2023     $ Change     % Change     e-commerce channels net sales   $ 40,783     $ 41,838     $ (1,055 )     -2.5 %   Traditional channels net sales     61,092       59,538       1,554       2.6 %   Total net sales   $ 101,875     $ 101,376     $ 499       0.5 %
Schedule of Geographic Makeup of Net Sales	The following table sets forth certain information regarding geographic makeup of net sales included in the above table for the three months ended October 31, 2024 and 2023 (dollars in thousands):     2024     2023     $ Change     % Change   Domestic net sales   $ 56,847     $ 54,982     $ 1,865       3.4 % International net sales     3,385       2,949       436       14.8 % Total net sales   $ 60,232     $ 57,931     $ 2,301       4.0 %   The following table sets forth certain information regarding geographic makeup of net sales included in the above table for the six months ended October 31, 2024 and 2023 (dollars in thousands):       2024     2023     $ Change     % Change     Domestic net sales   $ 94,060     $ 94,771     $ (711 )     -0.8 %   International net sales     7,815       6,605       1,210       18.3 %   Total net sales   $ 101,875     $ 101,376     $ 499       0.5 %
Schedule of Net Sales in Product Categories	The following table sets forth certain information regarding net sales in our shooting sports and outdoor lifestyle categories for the three months ended October 31, 2024 and 2023 (dollars in thousands):     2024     2023     $ Change     % Change   Shooting sports net sales   $ 23,806     $ 23,371     $ 435       1.9 % Outdoor lifestyle net sales     36,426       34,560       1,866       5.4 % Total net sales   $ 60,232     $ 57,931     $ 2,301       4.0 % The following table sets forth certain information regarding net sales categories for the six months ended October 31, 2024 and 2023 (dollars in thousands):       2024     2023     $ Change     % Change   Shooting sports net sales   $ 42,484     $ 43,446     $ (962 )     -2.2 % Outdoor lifestyle net sales     59,391       57,930       1,461       2.5 % Total net sales   $ 101,875     $ 101,376     $ 499       0.5 %

v3.24.3

Leases (Tables)	6 Months Ended
	Oct. 31, 2024
Leases [Abstract]
Schedule of Assets and Liabilities Related to Operating Leases	The amounts of assets and liabilities related to our operating leases as of October 31, 2024 and April 30, 2024 are as follows (in thousands):       October 31, 2024     April 30, 2024   Operating Leases             Right-of-use assets   $ 37,541     $ 37,540   Accumulated amortization     (4,793 )     (3,976 ) Right-of-use assets, net   $ 32,748     $ 33,564                 Lease liabilities, current portion   $ 1,353     $ 1,331   Lease liabilities, net of current portion     32,630       33,289   Total operating lease liabilities   $ 33,983     $ 34,620
Schedule of Future Lease Payments for Operating Leases	Future lease payments for all our operating leases for the remainder of fiscal 2025 and for succeeding fiscal years, as of October 31, 2024, are as follows (in thousands):         Operating   2025       $ 1,695   2026         3,360   2027         3,399   2028         3,450   2029         3,510   2030         3,572   Thereafter         32,461   Total future lease payments         51,447   Less amounts representing interest         (17,464 ) Present value of lease payments         33,983   Less current maturities of lease liabilities         (1,353 ) Long-term maturities of lease liabilities       $ 32,630

v3.24.3

Intangible Assets, Net (Tables)	6 Months Ended
	Oct. 31, 2024
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Summary of Intangible Assets	The following table summarizes intangible assets as of October 31, 2024 and April 30, 2024 (in thousands):       October 31, 2024     April 30, 2024       Gross                 Gross                   Carrying     Accumulated     Net Carrying     Carrying     Accumulated     Net Carrying       Amount     Amortization   Amount   Amount   Amortization     Amount   Customer relationships   $ 89,980     $ (80,750 )   $ 9,230     $ 89,980     $ (78,877 )   $ 11,103   Developed software and technology     27,950       (21,307 )     6,643       27,762       (20,250 )     7,512   Patents, trademarks, and trade names     69,772       (52,001 )     17,771       69,497       (50,046 )     19,451       187,702       (154,058 )     33,644       187,239       (149,173 )     38,066   Patents and software in development     1,813       —       1,813       1,721       —       1,721   Total definite-lived intangible assets     189,515       (154,058 )     35,457       188,960       (149,173 )     39,787   Indefinite-lived intangible assets     430       —       430       430       —       430   Total intangible assets   $ 189,945     $ (154,058 )   $ 35,887     $ 189,390     $ (149,173 )   $ 40,217
Schedule of Future Expected Amortization Expense	Future expected amortization expense for the remainder of fiscal 2025 and for succeeding fiscal years, as of October 31, 2024, are as follows (in thousands):   Fiscal   Amount   2025   $ 4,906   2026     8,405   2027     6,000   2028     4,548   2029     2,952   2030     2,184   Thereafter     4,649   Total   $ 33,644

v3.24.3

Inventories (Tables)	6 Months Ended
	Oct. 31, 2024
Inventory Disclosure [Abstract]
Summary of Inventories	The following table sets forth a summary of inventories, stated at lower of cost or net realizable value, as of October 31, 2024 and April 30, 2024 (in thousands):       October 31, 2024     April 30, 2024   Finished goods   $ 102,705     $ 83,879   Finished parts     2,522       2,402   Work in process     256       75   Raw material     6,083       6,959   Total inventories   $ 111,566     $ 93,315

v3.24.3

Equity (Tables)	6 Months Ended
	Oct. 31, 2024
Schedule of Earnings per Share	The following table provides a reconciliation of the net income amounts and weighted average number of common and common equivalent shares used to determine basic and diluted earnings per share for the three months ended October 31, 2024 and 2023 (in thousands, except per share data):     For the Three Months Ended October 31,     2024     2023     Net           Per Share     Net           Per Share     Income     Shares     Amount     Income     Shares     Amount   Basic earnings $   3,111       12,860     $   0.24     $   77       13,010     $   0.01   Effect of dilutive stock awards     —       285         —         —       246         —   Diluted earnings $   3,111       13,145     $   0.24     $   77       13,256     $   0.01       The following table provides a reconciliation of the net income amounts and weighted average number of common and common equivalent shares used to determine basic and diluted earnings per share for the six months ended October 31, 2024 and 2023 (in thousands, except per share data):     For the Six Months Ended October 31,     2024     2023     Net           Per Share     Net           Per Share     Income     Shares     Amount     Loss     Shares     Amount   Basic earnings/(loss) $   746       12,862     $   0.06     $   (4,036 )     13,100     $   (0.31 ) Effect of dilutive stock awards     —       349         —         —       —         —   Diluted earnings/(loss) $   746       13,211     $   0.06     $   (4,036 )     13,100     $   (0.31 )
Share Based Payment Award Performance Shares Valuation Assumptions	We incorporate the following variables into the valuation model:       For the Six Months Ended October 31,       2024     2023   Grant date fair market value             American Outdoor Brands, Inc.   $ 7.89     $ 8.79   Russell 2000 Index   $ 1,980.23     $ 1,769.21   Volatility (a)             American Outdoor Brands, Inc.     48.15 %     45.53 % Russell 2000 Index     22.98 %     27.08 % Correlation coefficient (b)     0.37       0.48   Risk-free interest rate (c)     4.73 %     3.81 % Dividend yield (d)     0 %     0 %     (a) Expected volatility is calculated based on a peer group over the most recent period that represents the remaining term of the performance period as of the valuation date, or three years. (b) The correlation coefficient utilizes the same historical price data used to develop the volatility assumptions. (c) The risk-free interest rate is based on the yield of a zero-coupon U.S. Treasury bill, commensurate with the three-year performance period. (d) We do not expect to pay dividends in the foreseeable future.
Summary of Assumptions Used In Valuing ESPP Purchase Under ESPP	The following assumptions were used in valuing ESPP purchases under our ESPP during the six months ended October 31, 2024 and 2023:     For the Six Months Ended October 31,   2024     2023   Risk-free interest rate     3.98 %   5.46% - 5.53%   Expected term   6 months     6 months - 12 months   Expected volatility     40.7 %   43.2% - 48.9%   Dividend yield     0 %     0 %
RSUs and PSUs | 2020 Incentive Compensation Plan
Summary of Activity for Unvested RSUs and PSUs	A summary of activity for unvested RSUs and PSUs under our 2020 Incentive Compensation Plan for the six months ended October 31, 2024 and 2023 is as follows:       For the six Months Ended October 31,         2024     2023               Weighted           Weighted         Total # of     Average     Total # of     Average         Restricted     Grant Date     Restricted     Grant Date         Stock Units     Fair Value     Stock Units     Fair Value     RSUs and PSUs outstanding, beginning of period     624,093     $ 11.27       560,579     $ 13.36     Awarded     377,176       8.40       394,332       8.69     Vested     (223,421 )     10.58       (161,149 )     11.86     Forfeited     (42,982 )     20.65       (51,742 )     9.62     RSUs and PSUs outstanding, end of period     734,866     $ 9.46       742,020     $ 11.46

v3.24.3

Accrued Expenses (Tables)	6 Months Ended
	Oct. 31, 2024
Payables and Accruals [Abstract]
Schedule of Accrued Expenses	The following table sets forth other accrued expenses as of October 31, 2024 and April 30, 2024 (in thousands):   October 31, 2024     April 30, 2024   Accrued freight $ 3,631     $ 2,829   Accrued sales allowances   3,537       1,891   Accrued warranty   1,408       1,243   Accrued professional fees   1,007       1,049   Accrued commissions   1,209       1,191   Accrued taxes other than income   836       321   Accrued employee benefits   427       499   Accrued other   663       664   Total accrued expenses $ 12,718     $ 9,687

v3.24.3

Organization - Additional Information (Details)	6 Months Ended
	Oct. 31, 2024 BrandLane
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number of brand lanes	4

v3.24.3

Basis of Presentation - Additional Information (Details)	6 Months Ended
	Oct. 31, 2024
Minimum
Background Description Of Business And Basis Of Presentation [Line Items]
Product shipment days	20 days
Maximum
Background Description Of Business And Basis Of Presentation [Line Items]
Product shipment days	90 days

v3.24.3

Basis of Presentation - Schedule of Trade Channel Net Sales (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Oct. 31, 2024	Oct. 31, 2023	Oct. 31, 2024	Oct. 31, 2023
Disaggregation of Revenue [Line Items]
Total net sales	$ 60,232	$ 57,931	$ 101,875	$ 101,376
Change in Total net sales	$ 2,301		$ 499
% Change in Total net sales	4.00%		0.50%
E Commerce Channels Net Sales
Disaggregation of Revenue [Line Items]
Total net sales	$ 24,282	23,462	$ 40,783	41,838
Change in Total net sales	$ 820		$ (1,055)
% Change in Total net sales	3.50%		(2.50%)
Traditional Channels Net Sales
Disaggregation of Revenue [Line Items]
Total net sales	$ 35,950	$ 34,469	$ 61,092	$ 59,538
Change in Total net sales	$ 1,481		$ 1,554
% Change in Total net sales	4.30%		2.60%

v3.24.3

Basis of Presentation - Schedule of Geographic Makeup of Net Sales (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Oct. 31, 2024	Oct. 31, 2023	Oct. 31, 2024	Oct. 31, 2023
Disaggregation of Revenue [Line Items]
Total net sales	$ 60,232	$ 57,931	$ 101,875	$ 101,376
Change in Total net sales	$ 2,301		$ 499
% Change in Total net sales	4.00%		0.50%
Domestic Net Sales
Disaggregation of Revenue [Line Items]
Total net sales	$ 56,847	54,982	$ 94,060	94,771
Change in Total net sales	$ 1,865		$ (711)
% Change in Total net sales	3.40%		(0.80%)
International Net Sales
Disaggregation of Revenue [Line Items]
Total net sales	$ 3,385	$ 2,949	$ 7,815	$ 6,605
Change in Total net sales	$ 436		$ 1,210
% Change in Total net sales	14.80%		18.30%

v3.24.3

Basis of Presentation - Schedule of Net Sales in Product Categories (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Oct. 31, 2024	Oct. 31, 2023	Oct. 31, 2024	Oct. 31, 2023
Disaggregation of Revenue [Line Items]
Total net sales	$ 60,232	$ 57,931	$ 101,875	$ 101,376
Change in Total net sales	$ 2,301		$ 499
% Change in Total net sales	4.00%		0.50%
Shooting Sports Net Sales
Disaggregation of Revenue [Line Items]
Total net sales	$ 23,806	23,371	$ 42,484	43,446
Change in Total net sales	$ 435		$ (962)
% Change in Total net sales	1.90%		(2.20%)
Outdoor Lifestyle Net Sales
Disaggregation of Revenue [Line Items]
Total net sales	$ 36,426	$ 34,560	$ 59,391	$ 57,930
Change in Total net sales	$ 1,866		$ 1,461
% Change in Total net sales	5.40%		2.50%

v3.24.3

Acquisitions - Additional Information (Details)	6 Months Ended
	Oct. 31, 2024 USD ($)
Business Acquisition [Line Items]
Weighted average life of tradename acquired	5 years
Revolving Line of Credit
Business Acquisition [Line Items]
Revolving line of credit	$ 0

v3.24.3

Leases - Schedule of Assets and Liabilities Related to Operating Leases (Details) - USD ($) $ in Thousands	Oct. 31, 2024	Apr. 30, 2024
Operating Leases
Right-of-use assets	$ 37,541	$ 37,540
Accumulated amortization	(4,793)	(3,976)
Right-of-use assets, net	32,748	33,564
Lease liabilities, current portion	1,353	1,331
Lease liabilities, net of current portion	32,630	33,289
Total operating lease liabilities	$ 33,983	$ 34,620

v3.24.3

Leases - Additional Information (Details) - USD ($)	3 Months Ended		6 Months Ended
	Oct. 31, 2024	Oct. 31, 2023	Oct. 31, 2024	Oct. 31, 2023
Lessee Lease Description [Line Items]
Operating lease cost	$ 1,000,000	$ 808,000	$ 2,000,000	$ 1,600,000
Short-term operating lease costs	$ 2,000	$ 6,000	$ 2,000	8,000
Operating lease, weighted average lease term	14 years		14 years
Operating lease, weighted average discount rate	6.00%		6.00%
Cash paid for amounts included in measurement of liabilities and operating cash flows			$ 637,000	$ 465,000

v3.24.3

Leases - Schedule of Future Lease Payments for Operating Leases (Details) - USD ($) $ in Thousands	Oct. 31, 2024	Apr. 30, 2024
Operating
2025	$ 1,695
2026	3,360
2027	3,399
2028	3,450
2029	3,510
2030	3,572
Thereafter	32,461
Total future lease payments	51,447
Less amounts representing interest	(17,464)
Total operating lease liabilities	33,983	$ 34,620
Less current maturities of lease liabilities	(1,353)	(1,331)
Long-term maturities of lease liabilities	$ 32,630	$ 33,289

v3.24.3

Intangible Assets, Net - Summary of Intangible Assets (Details) - USD ($) $ in Thousands	Oct. 31, 2024	Apr. 30, 2024
Intangible Assets Excluding Goodwill [Line Items]
Total definite-lived intangible assets, Gross Carrying Amount	$ 189,515	$ 188,960
Total definite-lived intangible assets, Accumulated Amortization	(154,058)	(149,173)
Total	35,457	39,787
Indefinite-lived intangible assets, Net Carrying Amount	430	430
Total Intangible assets, Gross Carrying Amount	189,945	189,390
Total Intangible assets, Net Carrying Amount	35,887	40,217
Customer Relationships
Intangible Assets Excluding Goodwill [Line Items]
Total definite-lived intangible assets, Gross Carrying Amount	89,980	89,980
Total definite-lived intangible assets, Accumulated Amortization	(80,750)	(78,877)
Total	9,230	11,103
Developed Software and Technology
Intangible Assets Excluding Goodwill [Line Items]
Total definite-lived intangible assets, Gross Carrying Amount	27,950	27,762
Total definite-lived intangible assets, Accumulated Amortization	(21,307)	(20,250)
Total	6,643	7,512
Patents, Trademarks, and Trade Names
Intangible Assets Excluding Goodwill [Line Items]
Total definite-lived intangible assets, Gross Carrying Amount	69,772	69,497
Total definite-lived intangible assets, Accumulated Amortization	(52,001)	(50,046)
Total	17,771	19,451
Definite-lived Intangible Assets Excluding Patents and Software in Development
Intangible Assets Excluding Goodwill [Line Items]
Total definite-lived intangible assets, Gross Carrying Amount	187,702	187,239
Total definite-lived intangible assets, Accumulated Amortization	(154,058)	(149,173)
Total	33,644	38,066
Patents and Software in Development
Intangible Assets Excluding Goodwill [Line Items]
Total definite-lived intangible assets, Gross Carrying Amount	1,813	1,721
Total	$ 1,813	$ 1,721

v3.24.3

Intangible Assets, Net - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Oct. 31, 2024	Oct. 31, 2023	Oct. 31, 2024	Oct. 31, 2023
Finite-Lived Intangible Assets [Line Items]
Amortization expense of intangible assets	$ 2.4	$ 3.2	$ 4.9	$ 6.5
Weighted-average period for amortization of intangible assets			5 years
Customer Relationships
Finite-Lived Intangible Assets [Line Items]
Weighted-average period for amortization of intangible assets			5 years
Developed Software and Technology
Finite-Lived Intangible Assets [Line Items]
Weighted-average period for amortization of intangible assets			6 years
Patents, Trademarks, and Trade Names
Finite-Lived Intangible Assets [Line Items]
Weighted-average period for amortization of intangible assets			6 years

v3.24.3

Intangible Assets, Net - Schedule of Future Expected Amortization Expense (Details) - USD ($) $ in Thousands	Oct. 31, 2024	Apr. 30, 2024
Finite-Lived Intangible Assets [Line Items]
Total	$ 35,457	$ 39,787
Definite-lived Intangible Assets Excluding Patents in Progress
Finite-Lived Intangible Assets [Line Items]
2025	4,906
2026	8,405
2027	6,000
2028	4,548
2029	2,952
2030	2,184
Thereafter	4,649
Total	$ 33,644	$ 38,066

v3.24.3

Fair Value Measurement - Additional Information (Details) - USD ($)	Oct. 31, 2024	Apr. 30, 2024
Level 3
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Financial assets	$ 0	$ 0
Financial liabilities	0	0
Fair Value, Recurring Basis | Level 1
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Cash and cash equivalents	$ 14,200,000	$ 29,700,000

v3.24.3

Inventories - Summary of Inventories (Details) - USD ($) $ in Thousands	Oct. 31, 2024	Apr. 30, 2024
Inventory Disclosure [Abstract]
Finished goods	$ 102,705	$ 83,879
Finished parts	2,522	2,402
Work in process	256	75
Raw material	6,083	6,959
Total inventories	$ 111,566	$ 93,315

v3.24.3

Inventories - Additional Information (Details) - USD ($) $ in Thousands	Oct. 31, 2024	Apr. 30, 2024
Inventory [Line Items]
Prepaid expenses and other current assets	$ 4,904	$ 6,410
Asia
Inventory [Line Items]
Prepaid expenses and other current assets	$ 1,400	$ 4,300
Asia | Maximum
Inventory [Line Items]
Percentage of inventory deposits	100.00%
Asia | Minimum
Inventory [Line Items]
Percentage of inventory deposits	30.00%

v3.24.3

Debt - Additional Information (Details) - USD ($)			6 Months Ended
	Mar. 25, 2022	Aug. 24, 2020	Oct. 31, 2024
Revolving Line of Credit
Debt Instrument [Line Items]
Revolving line of credit, borrowing capacity	$ 75,000,000	$ 50,000,000
Revolving line of credit maturing term		5 years
Additional increase in credit commitment	$ 15,000,000	$ 15,000,000
Interest rate, description			The amendment also includes an option to increase the credit commitment by an additional $15 million. The amended revolving line bears interest at a fluctuating rate equal to the Base Rate or Secured Overnight Financing Rate, or SOFR, as applicable, plus the applicable margin.
Revolving line of credit maturity date	Mar. 31, 2027
Revolving line of credit			$ 0
Borrowings interest rate			6.40%
Debt Instrument, Variable Interest Rate, Type [Extensible Enumeration]			Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]
Revolving Line of Credit | Minimum
Debt Instrument [Line Items]
Debt instrument, spread on variable rate	0.25%
Revolving Line of Credit | Maximum
Debt Instrument [Line Items]
Debt instrument, spread on variable rate	1.75%
Standby Letter of Credit
Debt Instrument [Line Items]
Revolving line of credit, borrowing capacity			$ 3,300,000
Revolving line of credit			$ 0

v3.24.3

Equity - Additional Information (Details) - USD ($)		3 Months Ended		6 Months Ended
	Oct. 02, 2023	Oct. 31, 2024	Oct. 31, 2023	Oct. 31, 2024	Oct. 31, 2023	Sep. 25, 2024
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Stock repurchase program, expire period	Sep. 30, 2024
Stock repurchased, shares		$ 1,006,000	$ 1,494,000	$ 1,387,000	$ 3,762,000
Percentage of maximum aggregate award granted				200.00%
Percentage of stock outperform in order for target award to vest				5.00%
Common Stock
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Shares excluded from computation of diluted earnings per share					0
2020 Employee Stock Purchase Plan
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Implementation of employee stock purchase plan duration				12 months
Option exercise price per share as a percentage of fair market value				85.00%
Number of shares an employee may purchase under the stock purchase plan				2,500
Shares issued under employee stock purchase plan		25,000,000		$ 25,000,000
Shares purchased by employees under employee stock purchase plan				38,957
PSUs
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Awards granted, vesting period				3 years
Service-based RSUs and PSUs
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Unvested awards, unrecognized compensation expense		3,100,000		$ 3,100,000
Unvested awards, unrecognized compensation expense recognition period				1 year 6 months
Employees and Directors | Restricted Stock Units
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Awards granted, description				We grant RSUs to employees and directors. The awards are made at no cost to the recipient. An RSU represents the right to receive one share of our common stock and does not carry voting or dividend rights.
Awards granted, vesting description				RSU grants to employees generally vest over a period of three or four years with one-third or one-fourth of the units vesting on each anniversary of the grant date, respectively.
Cost of Sales, Sales and Marketing, Research and Development, and General and Administrative Expenses
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Stock-based compensation expense		$ 900,000	$ 1,000,000	$ 1,800,000	$ 1,900,000
2020 Incentive Compensation Plan | Restricted Stock Units
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Awards cancelled				18,995	21,296
2020 Incentive Compensation Plan | PSUs
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Awards cancelled				23,987	15,223
2020 Incentive Compensation Plan | Service-based RSUs and PSUs
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Awards granted				377,176	394,332
Awards vested				223,421	161,149
Awards cancelled				42,982	51,742
2020 Incentive Compensation Plan | Executive Officers | Restricted Stock Units
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Awards granted			103,118	98,412
2020 Incentive Compensation Plan | Executive Officers | PSUs
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Awards granted				98,412	75,894
2020 Incentive Compensation Plan | Executive Officers and Non-Executive Officer Employees | Restricted Stock Units
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Awards granted			318,438	278,764
2020 Incentive Compensation Plan | Non-executive Officer Employees | Restricted Stock Units
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Awards granted			215,320	180,352
2020 Incentive Compensation Plan | Employees, Executive Officers and Directors | Restricted Stock Units
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Market value of awards delivered in connection with vesting of RSUs				$ 1,900,000	$ 1,300,000
Authorization of Repurchase of Common Stock on October 2, 2023
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Stock repurchase program, repurchased shares		111,480		153,497
Stock repurchased, shares		$ 1		$ 1.4
Maximum
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Stock repurchase program, authorized amount	$ 10,000,000					$ 10,000,000
Maximum | 2020 Employee Stock Purchase Plan
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Authorized sale of shares of common stock		419,253		419,253
Payroll deduction of participant's compensation				20.00%
Maximum | Employees and Directors | Restricted Stock Units
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Awards granted, vesting period				4 years
Minimum | 2020 Employee Stock Purchase Plan
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Payroll deduction of participant's compensation				1.00%
Minimum | Employees and Directors | Restricted Stock Units
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Awards granted, vesting period				3 years

v3.24.3

Equity - Scedule of Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Oct. 31, 2024	Oct. 31, 2023	Oct. 31, 2024	Oct. 31, 2023
Earnings Per Share [Abstract]
Basic earnings/(loss)	$ 3,111	$ 77	$ 746	$ (4,036)
Basic earnings/(loss), Shares	12,860	13,010	12,862	13,100
Basic earnings/(loss), Per Share Amount	$ 0.24	$ 0.01	$ 0.06	$ (0.31)
Effect of dilutive stock awards, Shares	285	246	349
Diluted earnings/(loss)	$ 3,111	$ 77	$ 746	$ (4,036)
Diluted earnings/(loss), Shares	13,145	13,256	13,211	13,100
Diluted earnings/(loss), Per Share Amount	$ 0.24	$ 0.01	$ 0.06	$ (0.31)

v3.24.3

Equity - Share Based Payment Award Performance Shares Valuation Assumptions (Details) - PSUs		6 Months Ended
		Oct. 31, 2024 CorrelationCoefficient $ / shares	Oct. 31, 2023 CorrelationCoefficient $ / shares
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Correlation coefficient | CorrelationCoefficient	[1]	0.37	0.48
Risk-free interest rate	[2]	4.73%	3.81%
Dividend yield	[3]	0.00%	0.00%
American Outdoor Brands, Inc.
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Grant date fair market value		$ 7.89	$ 8.79
Volatility	[4]	48.15%	45.53%
Russell 2000 Index
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Grant date fair market value		$ 1,980.23	$ 1,769.21
Volatility	[4]	22.98%	27.08%
[1] The correlation coefficient utilizes the same historical price data used to develop the volatility assumptions. [2] The risk-free interest rate is based on the yield of a zero-coupon U.S. Treasury bill, commensurate with the three-year performance period. [3] We do not expect to pay dividends in the foreseeable future. [4] Expected volatility is calculated based on a peer group over the most recent period that represents the remaining term of the performance period as of the valuation date, or three years.

v3.24.3

Equity - Share Based Payment Award Performance Shares Valuation Assumptions (Parenthetical) (Details) - PSUs	6 Months Ended
	Oct. 31, 2024
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Awards granted, vesting period	3 years
Volatility
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Awards granted, vesting period	3 years

v3.24.3

Equity - Summary of Activity for Unvested RSUs and PSUs (Details) - 2020 Incentive Compensation Plan - Service-based RSUs and PSUs - $ / shares	6 Months Ended
	Oct. 31, 2024	Oct. 31, 2023
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
RSUs and PSUs outstanding, beginning of period, Total # of restricted stock units	624,093	560,579
Awarded, Total # of restricted stock units	377,176	394,332
Vested, Total # of restricted stock units	(223,421)	(161,149)
Forfeited, Total # of restricted stock units	(42,982)	(51,742)
RSUs and PSUs outstanding, end of period, Total # of restricted stock units	734,866	742,020
Weighted average grant date fair value, beginning of period	$ 11.27	$ 13.36
Weighted average grant date fair value, Awarded	8.4	8.69
Weighted average grant date fair value, Vested	10.58	11.86
Weighted average grant date fair value, Forfeited	20.65	9.62
Weighted average grant date fair value, end of period	$ 9.46	$ 11.46

v3.24.3

Equity - Summary of Assumptions Used In Valuing ESPP Purchase Under ESPP (Details) - 2020 Employee Stock Purchase Plan	6 Months Ended
	Oct. 31, 2024	Oct. 31, 2023
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Risk-free interest rate	3.98%
Risk-free interest rate, minimum		5.46%
Risk-free interest rate, maximum		5.53%
Expected term	6 months
Expected volatility	40.70%
Expected volatility, minimum		43.20%
Expected volatility, maximum		48.90%
Dividend yield	0.00%	0.00%
Minimum
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Expected term		6 months
Maximum
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Expected term		12 months

v3.24.3

Accrued Expenses - Schedule of Accrued Expenses (Details) - USD ($) $ in Thousands	Oct. 31, 2024	Apr. 30, 2024
Payables and Accruals [Abstract]
Accrued freight	$ 3,631	$ 2,829
Accrued sales allowances	3,537	1,891
Accrued warranty	1,408	1,243
Accrued professional fees	1,007	1,049
Accrued commissions	1,209	1,191
Accrued taxes other than income	836	321
Accrued employee benefits	427	499
Accrued other	663	664
Total accrued expenses	$ 12,718	$ 9,687

v3.24.3

Income Taxes - Additional Information (Details) - USD ($)	3 Months Ended		6 Months Ended
	Oct. 31, 2024	Oct. 31, 2023	Oct. 31, 2024	Oct. 31, 2023
Income Tax Disclosure [Abstract]
Income tax expense/(benefit)	$ 12,000	$ (40,000)	$ 34,000	$ 15,000
Effective tax rate	0.40%	(108.10%)	4.40%	(0.40%)

v3.24.3

Commitments and Contingencies - Additional Information (Details)	12 Months Ended
	Apr. 30, 2018
Loss Contingencies [Line Items]
Maximum percentage of additional section tariffs imposed on certain goods	25.00%

v3.24.3

Segment Reporting - Additional Information (Details)	6 Months Ended
	Oct. 31, 2024 Brand Segment BrandLane
Segment Reporting [Abstract]
Number of operating segments | Segment	1
Number of distinct brands | Brand	21
Number of brand lanes | BrandLane	4

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