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Article Date: September 2024
Word Count: 284

Smith & Wesson Sales Tumble 23%


The bottom line turned red in the fiscal first quarter ended July 31, as SWBI swung to a loss of $2,106,000 from a profit of $3,118,000 a year ago, on 23% lower revenues of $88,334,000 down from $114,243,000. The summer doldrums in gun sales were worse than usual, with softer demand than anticipated, but sales have begun to firm up as the fall hunting season approaches. A new Bodyguard 2.0 conceal carry pistol had a successful launch late in the first quarter, and SWBI touted a strong pipeline of innovation that ... Log in to view full article.

 


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