Smith & Wesson Q3 sales rise

Smith & Wesson Brands

05/03/2026 21:24

Overview

Firearm manufacturer's fiscal Q3 net sales rose 17.1% yr/yr

Company achieved Q3 gross margin of 26.2%, up from last year

Adjusted EPS for fiscal Q3 was $0.08

Outlook

Smith & Wesson expects Q4 sales to rise 10-12% over last year's Q4

Result Drivers

HANDGUN PERFORMANCE - Co reported exceptional handgun results with unit shipments up 28% in sporting goods channel despite a 2.2% decline in NICS

INVENTORY MANAGEMENT - Co focused on driving inventory levels down over the past year, now increasing production to meet demand, expected to positively impact margins

BRAND AND PRODUCT STRENGTH - Co attributed growth and market share gains to brand strength, product assortment, and new offerings in a stable market

Company press release: ID:nNFC75WWzv

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Sales
Beat
$135.70 mln
$125.59 mln (2 Analysts)
Q3 Adjusted EPS
Beat
$0.08
$0.05 (1 Analyst)
Q3 EPS
$0.08
Q3 Adjusted Net Income
$3.60 mln
Q3 Net Income
$3.80 mln
Q3 Gross Margin
26.20%


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 $13.50, about 12.4% above its March 4 closing price of $12.01

The stock recently traded at 45 times the next 12-month earnings vs. a P/E of 38 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)