Smith & Wesson Brands, Inc. Announces First Quarter Fiscal 2025 Financial Results

Financial Highlights:

– Q1 Net Sales of $88.3 Million

– Q1 Gross Margin of 27.4%; Q1 Non-GAAP Gross Margin of 28.7%

– Q1 Net Loss of $0.05/Share; Q1 Adjusted Net Loss of $0.02/Share

– Q1 Adjusted EBITDAS Margin of 11.2%

– Board of Directors Authorized New $50 Million Stock Repurchase Program

Maryville, Tennessee–(Newsfile Corp. – September 5, 2024) – Smith & Wesson Brands, Inc. (NASDAQ: SWBI), a U.S.-based leader in firearm manufacturing and design, today announced financial results for the first quarter fiscal 2025, ended July 31, 2024. Net sales were $88.3 million, a decrease of $25.9 million, or 22.7%, from the comparable quarter last year.

The decrease in net sales can be attributed to various factors such as market conditions, changes in consumer preferences, and economic uncertainties. Despite the decrease in net sales, the company maintained a gross margin of 27.4% and an adjusted EBITDAS margin of 11.2%, showcasing its ability to manage costs effectively in a challenging environment.

In response to the financial performance, the Board of Directors authorized a new $50 million stock repurchase program, reflecting confidence in the company’s long-term growth prospects and commitment to enhancing shareholder value.

Impact on Individuals:

As a shareholder of Smith & Wesson Brands, Inc., the decline in net sales and the net loss reported for the first quarter fiscal 2025 may result in a decrease in the value of your investment. It is important to stay informed about the company’s financial performance and strategic initiatives to make well-informed decisions about your investment portfolio.

Impact on the World:

Smith & Wesson Brands, Inc.’s financial results for the first quarter fiscal 2025 may have broader implications for the firearm industry and the economy as a whole. The company’s performance could reflect larger trends in consumer spending, market dynamics, and regulatory challenges that impact not only the company but also its competitors and stakeholders in the industry.

Conclusion:

In conclusion, Smith & Wesson Brands, Inc.’s first quarter fiscal 2025 financial results demonstrate both challenges and opportunities for the company. By addressing the factors contributing to the decline in net sales and focusing on strategic initiatives such as the stock repurchase program, the company aims to navigate the current market conditions and position itself for sustained growth in the future.