Smith & Wesson stock drops after earnings, sales miss expectations

By Robert Barba

Shares of firearm maker Smith & Wesson Brands Inc. /zigman2/quotes/202273249/composite SWBI -0.04% fell 12.5% in after-hours trading as results for the latest quarter came in lighter than expected.

The company reported net sales for its second quarter of $230.5 million, down 7.3% from a year earlier. Analysts polled by FactSet were expecting sales of $265 million.

Adjusted earnings of $1.13 a share were short of the $1.29 analysts were expecting.

Smith & Wesson shares closed Thursday at $22.91 apiece, up 1.8%. The stock is up 29% so far this year.

Write to Robert Barba at robert.barba@wsj.com

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Smith & Wesson Brands Inc.

US : U.S.: Nasdaq

$ 11.31

-0.0050 -0.04%

Volume: 191,736

March 28, 2023 2:02p

P/E Ratio

8.64

Dividend Yield

3.54%

Market Cap

$519.11 million

Rev. per Employee

$299,341