Smith & Wesson Q1 net sales rise 32% on strong consumer, professional demand

Smith & Wesson Brands

03/09/2026 21:27

Overview
U.S. firearm maker's fiscal Q1 net sales rose 32% yr/yr
EPS for fiscal Q1 was $0.06, compared with $0.08 a year earlier 
Gross margin improved to 28.7%, aided by $2.9 mln non-recurring tariff refund

Outlook
Smith & Wesson expects Q2 sales to be roughly 10% above last year
Company sees fiscal 2027 revenue growing 5-7% over fiscal 2026
Company anticipates strong demand and normal seasonal environment for the remainder of the year

Result Drivers
DEMAND IN CONSUMER AND PROFESSIONAL CHANNELS - Co said solid demand in both consumer and professional channels contributed to sales growth
TARIFF REFUND - Gross margin was aided by a $2.9 mln non-recurring tariff refund

Company press release: ID:nNFCccxGtr

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Sales
Beat
$112.60 mln
$98.70 mln (2 Analysts)
Q1 EPS
 
$0.06
 
Q1 Gross Margin
 
28.7%
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the aerospace & defense peer group is "buy"
Wall Street's median 12-month price target for Smith & Wesson Brands Inc is $17.25, about 35% above its September 2 closing price of $12.78

Reuters Recommended Reads
Sept 1 - Dormakaba says it received low- to mid-single-digit million dollars in US tariff refunds
Sept 1 - Medtronic boosts fiscal 2027 forecasts on heart device demand

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)