Net income surged 65% in the fiscal second quarter ended Oct. 31 to $4,134,000 from $2,498,000 on 4% revenue growth to $129,679,000 from $124,958,000, a top line that missed the company’s own expectations. Inflationary pressure on consumers was to blame for soft demand, SWBI believes, but new products performed well and accounted for 44% of sales in the period. New Bodyguard 380 pistols and lever action rifles were called out as strong sellers. Headwinds are continuing into FQ3, and revenues in the Holiday quarter are expected to be down 10% to ... Log in to view full article.