Sturm Ruger Q2 net sales rise on strong demand
Sturm Ruger Q2 net sales rise on strong demand
Overview
U.S. firearms maker's Q2 net sales rose 19% yr/yr on strong product demand
Adjusted EPS for Q2 increased to $0.52 from $0.41 a year earlier
Company cites improved manufacturing execution and higher average selling prices as drivers
Outlook
Company expects capital expenditures to total about $30 mln for 2026
Sturm Ruger says it is focused on executing its 2026 Plan and strengthening operational foundation
Company says improved manufacturing execution aims to enhance product availability and inventory management
Result Drivers
RETAIL DEMAND - Co said estimated sell-through from distributors to retailers rose 19% yr/yr, exceeding broader market growth
HIGHER SELLING PRICES - Average selling price increased 10% during the quarter, per co
INVENTORY REDUCTION - Finished goods and distributor inventories declined, reflecting strong retail pull-through of new products
Company press release: ID:nBw9899zQa
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Firearms Sales |
| $157.68 mln |
|
Q2 EPS |
| $0.43 |
|
Q2 Gross Profit |
| $33.74 mln |
|
Q2 Operating Income |
| $7.63 mln |
|
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the recreational products peer group is "buy"
Wall Street's median 12-month price target for Sturm Ruger & Company Inc is $47.00, about 22.6% above its July 28 closing price of $38.34
Reuters Recommended Reads
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July 28 - Crane Company Q2 sales rise 26%, beat estimates; outlook raised
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.)
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Sturm Ruger rises as strong firearms demand sparks sales growth