---
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"
generated_at: "2026-06-21T08:35:21.274131+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Smith & Wesson Q2 net sales plunge 47.5% to $121M; EPS $0.21 vs $1.05 YoY

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-22-299380
- JSON: https://secwatch.observer/filing/0001193125-22-299380.json
- Plain text: https://secwatch.observer/filing/0001193125-22-299380.txt

## Key facts
- Earnings Releases
  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.
  - Period: second quarter fiscal 2023 ended October 31, 2022
  - Revenue: $121.0 million
  - Net income: $9.6 million
  - EPS: $0.21 per diluted share
  - Result: reported results
  source text: • 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_url: https://www.sec.gov/Archives/edgar/data/1092796/000119312522299380/0001193125-22-299380-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.