City of Fairmont moves forward with PODA ordinance
FAIRMONT, W.Va. (WBOY) — During Tuesday night's Fairmont City Council meeting, a public hearing was held, followed by the second and final reading of an ordinance concerning the establishment and regulation of Private Outdoor Designated Areas (PODAs) within the city limits.
Following the hearing, the council unanimously approved the ordinance, which will allow local businesses to apply for a special license from the West Virginia Alcohol Beverage Control Commissioner. This license permits businesses to serve alcoholic beverages that may be consumed outside their premises, provided that patrons remain within the boundaries of the designated PODA district.
Several business owners in attendance expressed strong support for the ordinance, highlighting the social and economic opportunities it will create for both their establishments and the community gathering in the PODA district.
'This is really exciting for us because it is going to give extra incentives for residents and also businesses to come to downtown Fairmont,' Executive Director of Main Street Fairmont Alex Petry said. 'I just want to commend the city for their work on this, and I consider them an excellent partner of Main Street Fairmont.'
Fairmont City Manager Travis Blosser stated that the rollout of PODA signage and full implementation of the program will take some time. He added that an official launch date for the district will be announced in the near future.
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'It's important to support the local businesses that are already here and that foot traffic for them, but those folks who may be looking to Fairmont and thinking 'wow, Fairmont is a place to do business, I really want to be there,'' Blosser said.
Under the PODA regulation, the standard operating hours for PODAs will be Monday through Friday from 4:00 p.m. to 10:00 p.m., and on Saturdays and Sundays from 10:00 a.m. to 10:00 p.m.
Also, during the meeting, Petry stated that, 'It's about more than just permitting open container areas. It's about implementing a program, an opportunity to help our downtown progress and create a safer, more inviting and economically resilient city center.'
Fairmont now joins a select group of cities in the Mountain State to adopt a PODA framework. Other municipalities that have implemented similar programs include Morgantown, Clarksburg, Wheeling, Charleston, and Huntington.
Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
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AND SUBSIDIARIESRECONCILIATION OF GAAP FINANCIAL MEASURES TO NON-GAAP FINANCIAL MEASURES (In thousands, except per share data)(Unaudited) For the Three Months Ended April 30,For the Years Ended April 30, 2025202420252024 GAAP gross profit $ 25,309$ 19,384$ 99,264$ 88,426Non-recurring inventory reserve adjustment ——444—Tariff drawback adjustment —1,113—1,113Non-GAAP gross profit $ 25,309$ 20,497$ 99,708$ 89,539 GAAP operating expenses $ 26,262$ 24,890$ 99,418$ 100,923Amortization of acquired intangible assets (2,119)(2,960)(8,475)(11,842)Stock compensation (815)(1,005)(3,500)(4,075)Technology implementation ———(465)Emerging growth status transition costs (213)—(458)—Other —(264)(100)(468)Non-GAAP operating expenses $ 23,115$ 20,661$ 86,885$ 84,073 GAAP operating loss $ (953)$ (5,506)$ (154)$ (12,497)Amortization of acquired intangible assets 2,1192,9608,47511,842Stock compensation 8151,0053,5004,075Non-recurring inventory reserve adjustment ——444—Technology implementation ———465Tariff drawback adjustment —1,113—1,113Emerging growth status transition costs 213—458—Other —264100468Non-GAAP operating income/(loss) $ 2,194$ (164)$ 12,823$ 5,466 GAAP net loss $ (989)$ (5,302)$ (77)$ (12,248)Amortization of acquired intangible assets 2,1192,9608,47511,842Stock compensation 8151,0053,5004,075Non-recurring inventory reserve adjustment ——444—Technology implementation ———465Tariff drawback adjustment —1,113—1,113Emerging growth status transition costs 213—458—Other —264100468Income tax adjustments (472)(85)(2,872)(1,369)Non-GAAP net income/(loss) $ 1,686$ (45)$ 10,028$ 4,346 GAAP net loss per share - diluted $ (0.08)$ (0.42)$ (0.01)$ (0.94)Amortization of acquired intangible assets 0.170.230.660.91Stock compensation 0.060.080.270.31Non-recurring inventory reserve adjustment ——0.03—Technology implementation ———0.03Tariff drawback adjustment —0.09—0.09Emerging growth status transition costs 0.02—0.04—Other —0.02—0.04Income tax adjustments (0.04)(0.01)(0.22)(0.11)Non-GAAP net income per share - diluted $ 0.13$ - (a) $ 0.76 (a) $ 0.32 (a) (a) Non-GAAP net income per share does not foot due to rounding. AMERICAN OUTDOOR BRANDS, INC. AND SUBSIDIARIES RECONCILIATION OF GAAP NET LOSS TO NON-GAAP ADJUSTED EBITDA (In thousands)(Unaudited)For the Three Months Ended April 30, For the Years Ended April 30, 2025202420252024 GAAP net loss $ (989)$ (5,302)$ (77)$ (12,248) Interest income(44) (110) (60) (39) Income tax expense/(benefit)31 (98) 123 (70) Depreciation and amortization3,437 4,157 13,179 16,005 Stock compensation815 1,005 3,500 4,075 Technology implementation— — — 465 Tariff drawback adjustment— 1,113 — 1,113 Non-recurring inventory reserve adjustment— — 444 — Emerging growth status transition costs213 — 458 — Other— 264 100 468 Non-GAAP Adjusted EBITDA $ 3,463$ 1,029$ 17,667$ 9,769 Contact: Liz Sharp, VP, Investor Relationslsharp@ 303-4620 View original content to download multimedia: SOURCE American Outdoor Brands, Inc. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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