secwatch.observer — SEC 8-K summary
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Issuer:     SMITH & WESSON BRANDS, INC. (SWBI)
CIK:        0001092796
Form:       8-K
Filed at:   2022-12-06T23:59:59+00:00
Accession:  0001193125-22-299380
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1092796/000119312522299380/0001193125-22-299380-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1092796/000119312522299380/d424635d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-299380

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