Shinnston approves plans to establish PODA, forms oversight committee
SHINNSTON, W.Va. (WBOY) — Shinnston will be the latest West Virginia city to hop on the PODA wagon.
On Monday, the Shinnston City Council moved forward with plans to establish a Private Outdoor Designated Area (PODA) in its downtown business district, unanimously approving the proposed ordinance during a public hearing and final reading.
The newly adopted ordinance permits the creation of a designated area where alcohol purchased from participating businesses may be carried and consumed outdoors within clearly defined boundaries of the city's business district. The goal of the PODA is to encourage economic activity and create a more walkable downtown environment, particularly during community events such as the city's Wind Down Wednesday events.
'So, our kind of thought process was to bring them, draw them to the green space and then trickle down to the different businesses throughout Shinnston, the different stores,' the Shinnston City Manager Tori Drainer said.
City officials emphasized that the area will be strictly regulated with signage, enforcement protocols and specific hours of operation, those being Wednesday-Friday from 5-10 p.m., Saturday from 10 a.m. to 11 p.m. and Sunday from 1-10 p.m. Officials said that these regulations will be in place to ensure public safety and compliance with state alcohol laws.
In May, the City of Shinnston approved a security and maintenance plan in preparation for the upcoming PODA. Officials said that the area will be regularly patrolled by a dedicated police officer and city ambassadors. Public Works crews will also be responsible for waste and debris collection within the PODA, as well as operating a street sweeper to maintain cleanliness.
'Right now, we have Casey's, which is a huge asset to Shinnston,' Drainer added. 'We're hoping that this opens the door to different breweries, microbreweries, and things of that nature to draw in.'
As part of the implementation process, the council also appointed members to serve on a newly formed oversight committee tasked with guiding the PODA's operation and addressing any concerns that may arise. The committee will include Brendan Gallagher, Patrick Kovalck and Tori Drainer, as well as one local business owner who does not serve alcohol, in an effort to maintain balanced representation and community-focused mindset.
Shinnston now joins a growing list of West Virginia cities that have adopted a PODA framework. With the move, Shinnston aligns itself with municipalities such as Fairmont, Morgantown, Clarksburg, Wheeling, Charleston and Huntington, all of which have implemented similar programs to support downtown revitalization and economic activity.
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Across the business, we made major progress on our long-term strategic goals: we successfully transitioned DTC brands like Grilla and MEAT! into retail, delivered double-digit international growth, and continued our strategic mix shift toward the Outdoor Lifestyle category, which now represents 57% of our revenue, up from 40% in fiscal 2021. "Behind the scenes, we capitalized on our operational leverage, achieving nearly 81% EBITDA growth and delivering improved efficiency across our new ERP platform and expanded distribution center. With over 400 patents and patents pending, and what we believe is the strongest product pipeline in our company's history, we're entering the new fiscal year with momentum, discipline, and a long-term strategy designed to create significant value. While macro-level unknowns remain, we are confident in our ability to adapt, respond, and continue delivering value for our stakeholders." 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The conference call may include forward-looking statements and a discussion of non-GAAP financial measures. The conference call and webcast will begin at 5:00 p.m. Eastern Time (2:00 p.m. Pacific Time). Those interested in listening to the conference call via telephone may call directly at (833) 630-1956 and ask to join the American Outdoor Brands call. No RSVP is necessary. The conference call audio webcast can also be accessed live on the Company's website at under the Investor Relations section. Reconciliation of U.S. GAAP to Non-GAAP Financial MeasuresIn this press release, certain non-GAAP financial measures, including "non-GAAP net income" and "Adjusted EBITDA" are presented. A reconciliation of these and other non-GAAP financial measures is contained at the end of this press release. 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The Company presents these non-GAAP measures because it considers them an important supplemental measure of its performance and believes the disclosure of such measures provides useful information to investors regarding the Company's financial condition and results of operations. The Company's definition of these adjusted financial measures may differ from similarly named measures used by others. The Company believes these measures facilitate operating performance comparisons from period to period by eliminating potential differences caused by the existence and timing of certain expense items that would not otherwise be apparent on a GAAP basis. These non-GAAP measures have limitations as an analytical tool and should not be considered in isolation or as a substitute for the Company's GAAP measures. The principal limitations of these measures are that they do not reflect the Company's actual expenses and may thus have the effect of inflating its financial measures on a GAAP basis. 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All statements other than statements of historical facts contained or incorporated herein by reference in this press release, 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," "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 press release include our belief in the strength of our brands and the trust and relationships with our retail partners; our belief in the strength of our product pipeline and intellectual property; our belief in the effectiveness of our long-term strategy; our confidence in our innovation capabilities, our cost discipline, and our flexible, asset-light operating model; and our confidence and belief in our strategic initiatives. We caution that these statements are qualified by important risks, uncertainties, and other factors that could cause actual results to differ materially from those reflected by such forward-looking statements. 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AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF OPERATIONS (In thousands, except per share data) For the Three Months ended April 30, For the Years Ended April 30, 2025202420252024 (Unaudited) Net sales $ 61,942$ 46,299$ 222,322$ 201,099 Cost of sales36,63326,915123,058112,673 Gross profit25,30919,38499,26488,426 Operating expenses: Research and development2,2231,7857,7106,851 Selling, marketing, and distribution14,18713,11755,56355,050 General and administrative9,8529,98836,14539,022 Total operating expenses26,26224,89099,418100,923 Operating loss(953)(5,506)(154)(12,497) Other (expense)/income, net: Other (expense)/income, net(49)(4)140140 Interest income, net441106039 Total other (expense)/income, net(5)106200179 Income/(loss) from operations before income taxes(958)(5,400)46(12,318) Income tax expense/(benefit)31(98)123(70) Net loss$ (989)$ (5,302)$ (77)$ (12,248) Net loss per share: Basic and diluted$ (0.08)$ (0.42)$ (0.01)$ (0.94) AMERICAN OUTDOOR BRANDS, INC. AND SUBSIDIARIESCONSOLIDATED STATEMENTS OF CASH FLOWSFor the Years Ended April 30, 20252024 (In thousands)Cash flows from operating activities: Net loss $ (77)$ (12,248)Adjustments to reconcile net loss to net cash provided by operating activities: Depreciation and amortization 13,27516,101Loss on sale/disposition of assets 157Provision for credit losses on accounts receivable 268Stock-based compensation expense 3,5004,075Changes in operating assets and liabilities: Accounts receivable (13,635)1,110Inventories (11,402)6,419Accounts payable 8342,873Accrued liabilities 5,8893,300Other 2,9342,846Net cash provided by operating activities 1,35924,491Cash flows from investing activities: Payments to acquire patents and software (743)(1,340)Proceeds from sale of property and equipment —131Payments to acquire property and equipment (3,153)(4,767) Net cash used in investing activities (3,896)(5,976)Cash flows from financing activities: Proceeds from loans and notes payable 7,000—Payments on notes and loans payable (7,000)(5,000)Payments to acquire treasury stock (3,842)(6,015)Proceeds from exercise of options to acquire common stock, including employee stock purchase plan 628671Payment of employee withholding tax related to restricted stock units (524)(423) Net cash used in financing activities (3,738)(10,767)Net (decrease)/increase in cash and cash equivalents (6,275)7,748Cash and cash equivalents, beginning of period 29,69821,950Cash and cash equivalents, end of period $ 23,423$ 29,698 AMERICAN OUTDOOR BRANDS, INC. 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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