Smith & Wesson Reports Better-Than-Expected Q4 Results: The Details
Portfolio Pulse from Erica Kollmann
Smith & Wesson Brands Inc (NASDAQ:SWBI) reported better-than-expected Q4 results, with earnings per share of 45 cents beating the consensus estimate of 34 cents. Quarterly sales of $159.1 million also surpassed expectations and marked a 9.89% increase year-over-year. Despite a decrease in gross margin, the company successfully reduced inventory levels and maintained its market leadership.
June 20, 2024 | 8:33 pm
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Smith & Wesson reported strong Q4 results, beating both earnings and sales estimates. The company also successfully managed inventory levels and maintained market leadership, leading to an 8.48% increase in after-hours trading.
The better-than-expected earnings and sales figures, along with effective inventory management and market leadership, are positive indicators for the company's short-term stock performance. The 8.48% increase in after-hours trading reflects investor confidence.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100