Smith & Wesson Brands Inc logo

SWBI - Smith & Wesson Brands Inc News Story

$21.22 -0.3  -1.3%

Last Trade - 4:05pm

Sector
Consumer Cyclicals
Size
Mid Cap
Market Cap £752.8m
Enterprise Value £656.7m
Revenue £804.3m
Position in Universe 2952nd / 7245

BUZZ-Smith & Wesson down after mixed results

Wed 1st September, 2021 9:50pm
** Smith & Wesson Brands  SWBI.O  shares down ~2% in
extended trading after gun maker's mixed fiscal Q1 results
    ** Net sales of $275 mln miss Street view of $278.6 mln, per
Refinitiv data, while non-GAAP EPS of $1.57 surpasses consensus
by 28 cents  urn:newsml:reuters.com:*:nPn8f2H1ba
    ** Co says increased sales and cost cutting resulted in
record gross margin of 47% in qtr, compared to 40% margin in
yr-ago qtr
    ** SWBI shares on Weds closed up 3.1% at $24.88, extending
YTD gain to 40%
    ** Shares jumped, hit record peak of $39.61 on Jul 1, about
two weeks after blowout Q4 report  urn:newsml:reuters.com:*:nL1N2Q31QY

 (Lance Tupper is a Reuters market analyst. The views expressed
are his own)
 ((lance.tupper.tr.com@reuters.net
lance.tupper@tr.com 1-332-219-1430))
© Stockopedia 2021, Refinitiv, Share Data Services.
This site cannot substitute for professional investment advice or independent factual verification. To use it, you must accept our Terms of Use, Privacy and Disclaimer policies.