Smith & Wesson Brands, Inc. Reports First Quarter Fiscal 2023 Financial Results

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Smith & Wesson Brands (SWBI) Misses Q1 EPS, Revenues Beat

September 8, 2022 4:07 PM EDT

Smith & Wesson Brands (NASDAQ: SWBI) reported Q1 EPS of $0.11, $0.46 worse than the analyst estimate of $0.57. Revenue for the quarter came in at $190.2 million versus the consensus estimate of $167.68 million.

Mark Smith, President and Chief Executive Officer, commented, "As expected, our first quarter results reflected a return to a normal demand pattern at the retail counter for firearms combined with temporary headwinds from inventory corrections within... More