Page 1

TM Ab AMERICAN ™ OUTDOOR BRANDS Contact : Liz Sharp , VP , Investor Relations Isharp@aob.com ( 573 ) 303-4620 American Outdoor Brands , Inc. Reports Third Quarter Fiscal 2021 Financial Results • Exhibit 99.1 1800 N Route Z Columbia , MO 65202 ( 800 ) 338-9585 NASDAQ : AOUT Net Sales $ 82.6 Million ( + 90.7 % ) E - commerce Channel Sales + 129.0 % -- Traditional Channel Sales + 68.5 % • Gross Margin 45.2 % ( +110 Basis Points ) • GAAP EPS $ 0.56 / Non - GAAP EPS $ 0.82 Company Increases FY2021 Guidance COLUMBIA , Mo. , March 17 , 2021 - American Outdoor Brands , Inc. ( NASDAQ Global Select : AOUT ) , an industry leading provider of products and accessories for rugged outdoor enthusiasts , today announced financial results for the third quarter fiscal 2021 ended January 31 , 2021 . Third Quarter Fiscal 2021 Financial Highlights • • • • Quarterly net sales were $ 82.6 million , an increase of $ 39.3 million , or 90.7 % , over net sales of $ 43.3 million for the comparable quarter last year , reflecting increases in both e - commerce and traditional sales channels . Quarterly gross margin was 45.2 % , an increase of 110 basis points , over gross margin of 44.1 % for the comparable quarter last year . Quarterly net income was $ 8.0 million , or $ 0.56 per diluted share , compared with a net loss $ 147,000 , or ( $ 0.01 ) per diluted share , for the comparable quarter last year . Quarterly non - GAAP net income was $ 11.8 million , or $ 0.82 per diluted share , compared with a non - GAAP net income of $ 1.8 million , or $ 0.13 per diluted share , for the comparable quarter last year . GAAP to non - GAAP adjustments for net income exclude costs related to acquired intangible amortization , stock compensation , transition costs , COVID - 19 expenses , and other costs . Quarterly Adjusted EBITDAS was $ 15.8 million , or 19.1 % of net sales , compared with $ 3.4 million , or 7.9 % of net sales , for the comparable quarter last year . Brian Murphy , President and CEO , said , “ Net sales across our portfolio of authentic outdoor brands grew by 91 % , exceeding our expectations for quarterly net sales and net income . In addition , gross margins expanded by 110 basis points to over 45 % . Growth occurred in nearly all of our 20 brands , and our top selling products in the quarter came from each of our four brand lanes - the Marksman , Defender , Harvester , and Adventurer - reflecting the alignment of our brands with strong consumer participation trends in personal protection and the outdoor lifestyle activities we serve . We believe