Refile: BUZZ-Gun maker Smith & Wesson jumps on higher Q4 profit, strong sales
REFILE-BUZZ-Gun maker Smith & Wesson jumps on higher Q4 profit, strong sales Refiles to delete extraneous word in 1st bullet
** Gun maker Smith & Wesson's SWBI.O shares jump 15.9% premarket on Thurs to $15.92 after reporting higher earnings on strong sales
** Maryville, Tennessee-based firm late Weds reported Q4 rev rose ~27% yr/yr to $178.4 mln
** New products made up 38% of total rev with sales growth driven by handgun shipments, which accounted for more than 80% of total units shipped, co said
** Co said it expects firearm industry demand in fiscal 2027 to be healthy and slightly higher than in fiscal 2026
** On the earnings call, CFO Deana McPherson said co expects approx 15%-20% rev growth in Q1 and mid-single-digit rev growth for the full year compared to fiscal 2026
** For qtr ended Apr 30, SWBI reported GAAP profit of $16.2 mln, or 36 cents/sh, up from $8.6 mln, or 19 cents/sh, a year earlier
** Through Weds close, SWBI shares up 39% YTD
(Lance Tupper is a Reuters market analyst. The views expressed are his own)
((lance.tupper@tr.com 1-646-279-6380))