Smith & Wesson Brands, Inc. ( (SWBI) ) has released its Q2 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, including handguns, long guns, and suppressors, catering to both consumer and professional markets globally. The company also offers manufacturing services and firearm training programs.
In its latest earnings report for the second quarter of fiscal 2026, Smith & Wesson Brands, Inc. reported net sales of $124.7 million, a slight decrease from the previous year. Despite the drop in sales, the company maintained a gross margin of 24.3% and reported a net income of $1.9 million, translating to earnings per share of $0.04.
Key financial highlights include a decrease in net sales by 3.9% compared to the same quarter last year, and a reduction in gross margin from 26.6% to 24.3%. The company also reported a significant increase in net cash provided by operating activities, reaching $27.3 million, which marks an improvement of $34.7 million from the previous year. Additionally, new products accounted for 38.7% of sales, showcasing the company’s focus on innovation.
Looking ahead, Smith & Wesson Brands, Inc. remains optimistic despite macroeconomic uncertainties. The company anticipates an 8-10% increase in third-quarter sales compared to the previous year, driven by strong brand performance and new product offerings. The board has also authorized a quarterly dividend, reflecting confidence in the company’s financial health.