Smith & Wesson Stock Sinks as It Says Inflation Is Hurting Firearms Sales
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Smith & Wesson Brands (SWBI) shares dropped by nearly 20% after the company announced that inflation is negatively impacting firearm sales, leading to a reduction in its financial guidance.
December 06, 2024 | 4:30 pm
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Smith & Wesson Brands' stock fell by nearly 20% due to the company's announcement that inflation is negatively affecting firearm sales, prompting a reduction in its financial guidance.
The significant drop in SWBI's stock price is directly linked to the company's announcement about inflation impacting sales and the subsequent lowering of its guidance. This news is highly relevant and important for investors as it directly affects the company's financial outlook.
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