The company swung to a profit of $2.6 million, or 6 cents a share, marking a significant turnaround from the $3.4 million loss, or 8 cents per share, recorded during the same period last year. Chief Executive Mark Smith attributed the performance to sustained, robust demand across both professional and consumer segments. With this momentum, leadership anticipates the second quarter will outperform previous benchmarks on both revenue and net income. Looking ahead, the firm projects a 10% sales increase for the upcoming quarter, with full-year growth estimates ranging between 5% and 7%. Shares had already gained 23% this year prior to these latest figures.
In section Market Quotes
Smith & Wesson Stock Jumps as Quarterly Revenue Climbs
A 32% surge in quarterly revenue pushed Smith & Wesson Brands shares up 10% to $13.50 in after-hours trading Thursday. The firearms manufacturer reported $112.6 million in sales for the fiscal first quarter, signaling a sharp recovery from the previous year’s losses and bolstering investor confidence in the company’s growth trajectory.
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