{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-22-299380","form_type":"8-K","ticker":"SWBI","cik":"0001092796","company_name":"SMITH & WESSON BRANDS, INC.","filed_at":"2022-12-06T23:59:59+00:00","discovered_at":"2026-05-14T18:03:49.585235+00:00","generated_at":"2026-06-21T08:35:21.274131+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Smith & Wesson Q2 net sales plunge 47.5% to $121M; EPS $0.21 vs $1.05 YoY","bullets":["Net sales $121.0M, down 47.5% YoY; GAAP EPS $0.21 vs $1.05 YoY.","Gross margin 32.4% vs 44.3% YoY; non-GAAP gross margin 33.9% excl. relocation costs.","Non-GAAP Adjusted EBITDAS $25.6M (21.1% of sales) vs $80.4M (34.9%) YoY.","Board authorized $0.10/share quarterly dividend, payable Jan 3, 2023 to holders of record Dec 20.","CEO cites demand normalization, inventory correction, and consumer slowdown due to inflation and rising rates."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-22-299380","json":"https://secwatch.observer/filing/0001193125-22-299380.json","markdown":"https://secwatch.observer/filing/0001193125-22-299380.md","text":"https://secwatch.observer/filing/0001193125-22-299380.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1092796/000119312522299380/0001193125-22-299380-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1092796/000119312522299380/d424635d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-21T08:35:21.274131+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"31ab8c667d88de33532fa42482ce7fde637441b5","claim":"SMITH & WESSON BRANDS, INC. reported second quarter fiscal 2023 ended October 31, 2022 results: revenue $121.0 million, net income $9.6 million, EPS $0.21 per diluted share.","evidence_excerpt":"• Net sales were $121.0 million, a decrease of $109.4 million, or 47.5%, from the comparable quarter last year, but $7.3 million, or 6.4%, higher than the comparable quarter in fiscal 2020, which was the last pre-pandemic comparable second quarter. • Gross margin was 32.4% compared with 44.3% in the comparable quarter last year and 28.4% in the comparable quarter in fiscal 2020. Excluding relocation costs, gross margin would have been 33.9%. • GAAP net income was $9.6 million, or $0.21 per diluted share, compared with $50.9 million, or $1.05 per diluted share, for the comparable quarter last year, and $343,000, or $0.01 per diluted share, for the comparable quarter in fiscal 2020.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1092796/000119312522299380/0001193125-22-299380-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"second quarter fiscal 2023 ended October 31, 2022"},{"label":"Revenue","value":"$121.0 million"},{"label":"Net income","value":"$9.6 million"},{"label":"EPS","value":"$0.21 per diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}