Smith & Wesson Brands, Inc. ( (SWBI) ) has released its Q1 earnings. Here is a breakdown of the information Smith & Wesson Brands, Inc. presented to its investors.
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Smith & Wesson Brands, Inc. is a prominent U.S.-based company specializing in the manufacturing and design of firearms, offering a wide range of products under the Smith & Wesson and Gemtech brands. The company also provides forging and machining services to third parties.
In its first quarter of fiscal 2026, Smith & Wesson reported net sales of $85.1 million, reflecting a slight decline from the previous year. Despite the decrease in sales, the company emphasized strong demand for its new products and maintained a robust market presence across all firearm categories.
Key financial metrics for the quarter included a gross margin of 25.9% and a net loss of $0.08 per share. The company also reported a non-GAAP adjusted EBITDAS of $8.0 million, representing 9.5% of net sales. Inventory levels at distributors decreased significantly, indicating positive retail sell-through.
Looking ahead, Smith & Wesson remains optimistic about its innovation strategy, with new products making up a substantial portion of sales. The company anticipates a normal seasonal environment and expects second-quarter sales to improve significantly over the first quarter, albeit slightly below the previous year’s second quarter.