earnings
confidence high
sentiment negative
materiality 0.75
SWBI Q1 net sales down 69.3% to $84.4M, GAAP EPS $0.07 vs $1.57 YoY
SMITH & WESSON BRANDS, INC.
2022-Q1 EPS reported
$0.07
revenue$84,394,000
- Q1 net sales $84.4M, down 69.3% YoY from $274.6M; GAAP EPS $0.07 diluted vs $1.57 YoY.
- Non-GAAP EPS $0.11; adjusted EBITDAS $15.7M (18.5% of sales) vs $109.6M (39.9%) YoY.
- Gross margin 37.3% (38.8% excl relocation costs), flat versus fiscal Q1 2020.
- Cash $110.5M, no debt; board declared $0.10 quarterly dividend payable Oct 6.
- Management says inventory correction largely behind; order rates improving in recent weeks.