SWBI - Why Firearm Maker Smith & Wesson's Shares Are Shooting Higher Today | Benzinga
Shares of Smith & Wesson Brands, Inc (NASDAQ:SWBI) are trading higher after it reported a third-quarter FY24 yesterday.
The company recorded sales growth of 6.5% year-on-year to $137.5 million, beating the analyst consensus estimate of $133.55 million.
The gross margin contracted 370 basis points to 28.7%, and the gross profit fell 5.7% to $39.4 million. The operating income for the quarter decreased 20.2% to $11.3 million, and the operating margin was ...