Smith & Wesson Brands Inc is a well-known American manufacturer of firearms and related products, specializing in the design, production, and distribution of a wide range of firearms, including handguns, long guns, and accessories
With a rich heritage and a strong reputation for quality and innovation, the company caters to various customer segments, including law enforcement, military, and civilian markets. In addition to firearms, Smith & Wesson also offers a selection of tools and accessories that enhance the shooting experience, promoting safety and responsible firearm ownership. Through its commitment to craftsmanship and performance, the company has established itself as a prominent player in the firearms industry.
Quarterly earnings results are a good time to check in on a company’s progress, especially compared to its peers in the same sector. Today we are looking at Smith & Wesson (NASDAQSWBI) and the best and worst performers in the leisure products industry.
NRA warns of legal confusion for cannabis users and gun owners due to federal marijuana and firearm ban. DOJ argues medical marijuana users pose threat to public safety and cannot own guns.
Smith & Wesson’s stock price has taken a beating over the past six months, shedding 28.3% of its value and falling to $10.04 per share. This was partly due to its softer quarterly results and might have investors contemplating their next move.
Young men are increasingly being economically marginalized. The percentage of men aged 25 to 34 who are not in the labor force is nearly double what it was in 2000.
Quarterly earnings results are a good time to check in on a company’s progress, especially compared to its peers in the same sector. Today we are looking at Brunswick (NYSEBC) and the best and worst performers in the leisure products industry.
Smith & Wesson Brands Inc. faces increased legal scrutiny as Mexico's landmark lawsuit against U.S. gun manufacturers reaches a critical juncture at the Supreme Court, potentially creating new liability risks for the firearms industry.
Shares of american firearms manufacturer Smith & Wesson (NASDAQSWBI)
fell 20.5% in the afternoon session after the company reported disappointing third quarter results. Its revenue, EPS, and EBITDA fell short of Wall Street's estimates. Management attributed the shortfall to a normalization in firearm demand, largely driven by inflationary pressures. They also observed heightened consumer caution around discretionary spending, which was more pronounced in the second quarter than previously anticipated. Given the soft demand trends, the company lowered its sales outlook for the next quarter and the second half of the fiscal year. Overall, this quarter could have been better.
American firearms manufacturer Smith & Wesson (NASDAQSWBI) missed Wall Street’s revenue expectations in Q3 CY2024 as sales rose 3.8% year on year to $129.7 million. Its non-GAAP profit of $0.11 per share was 33.3% below analysts’ consensus estimates.
