Eos Energy stock falls after Fuzzy Panda issues short report
Investing.com -- Smith & Wesson Brands Inc. (NASDAQ:SWBI) reported better-than-expected first quarter fiscal 2026 results, with losses narrower than analysts predicted and revenue exceeding forecasts despite a year-over-year decline.
The firearms manufacturer posted a first quarter adjusted loss of -$0.08 per share, beating the analyst estimate of -$0.11. Revenue came in at $85.1 million, surpassing the consensus estimate of $79.09 million, though representing a 3.7% decrease compared to the same period last year. Following the announcement, Smith & Wesson shares rose 2.1% as investors responded positively to the results that exceeded expectations.
"First quarter results came in better than expected, reflecting robust demand for our new products and continued strong market share for our broader portfolio in every firearms category in which we compete," said Mark Smith, President and Chief Executive Officer.
The company reported a gross margin of 25.9%, down from 27.4% in the comparable quarter last year. New products continued to drive sales, accounting for 37.3% of revenue during the quarter, highlighting the company’s focus on innovation.
Deana McPherson, Executive Vice President and Chief Financial Officer, noted positive trends in inventory management, stating, "Inventory at distributors declined by over 10% from the end of the prior quarter and by over 13% compared with the end of July 2024 in terms of actual units, indicating positive sell through of our products at retail."
Looking ahead, Smith & Wesson expects second quarter sales to grow significantly over the first quarter but land approximately 3-5% below the second quarter of fiscal 2025, reflecting normal seasonal patterns in the firearms industry.
The company’s board authorized a quarterly dividend of $0.13 per share, payable on October 2, 2025, to stockholders of record on September 18, 2025.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.