Smith & Wesson Brands, Inc. Reports First Quarter Fiscal 2021 Financial Results

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Go back to Smith & Wesson Brands, Inc. Reports First Quarter Fiscal 2021 Financial Results

Smith & Wesson Brands (SWBI) Tops Q1 EPS by 49c, Revenues Beat

September 3, 2020 4:07 PM EDT

Smith & Wesson Brands (NASDAQ: SWBI) reported Q1 EPS of $0.97, $0.49 better than the analyst estimate of $0.48. Revenue for the quarter came in at $278 million versus the consensus estimate of $195.03 million.

First Quarter Fiscal 2021 Consolidated Financial Highlights

Quarterly net sales were $278.0 million compared with $123.7 million for the first quarter last year, an increase of 124.8%. Firearms segment gross sales were $229.9 million, which included $1.0 million of inter-segment revenue, an increase of $134.4 million, or 140.9%, over the comparable quarter last year. Outdoor Products & Accessories segment gross sales were $50.6 million, which included $1.5 million of inter-segment revenue, an increase of $17.4... More