AXIL Brands stock rises 5% on Q4 earnings beat as company executes growth plan

AXIL Brands, Inc. (NYSE American: AXIL) delivered stronger-than-expected fourth quarter results, prompting shares to climb 5.2% on May 31, 2026. The company's adjusted earnings per share of $0.18 surpassed analyst forecasts of $0.14. Despite revenue falling short of expectations at $8.6 million, a 48.9% increase from $5.8 million a year earlier, the figures marked a notable improvement over the previous quarter's loss.

Gross margin expanded to 72.0%, driven by reduced customs duties and refunds, though retail margins tightened. CEO Jeff Toghraie credited the growth plan's execution, citing strategic investments in distribution, product innovation, and operational infrastructure. The company's Walmart partnership expanded to around 1,250 stores, and entry into Sportsman's Warehouse added 70 locations, elevating total store count to approximately 6,000.

AXIL now holds $4.5 million in cash with no outstanding debt. The firm anticipates receiving approximately $910,000 in customs duty refunds for the following fiscal year.