Firearm maker Smith & Wesson Q1 sales beat expectations
Overview
Smith & Wesson fiscal Q1 sales fall 3.7% but beat analyst expectations
Gross margin declines to 25.9% from 27.4% year-over-year
Company reports GAAP net loss of $0.08/share, wider than last year
Outlook
Company anticipates Q2 sales 3-5% below Q2 fiscal 2025
Result Drivers
NEW PRODUCTS - New products accounted for 37.3% of sales, demonstrating the company's focus on innovation
INVENTORY DECLINE - Distributor inventory declined over 10% from the prior quarter, indicating positive retail sell-through
MARKET PRESENCE - Strong market share across all firearm categories contributed to better-than-expected results
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q1 Sales | Beat | $85.10 mln | $79.20 mln (3 Analysts) |
Q1 Gross Margin | 25.9% |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the aerospace & defense peer group is "buy"
Wall Street's median 12-month price target for Smith & Wesson Brands Inc is $11.00, about 27.1% above its September 3 closing price of $8.02
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