Smith & Wesson Q1 Handgun Shipments Jump
Smith Wesson Brands(NASDAQ:SWBI) reported fiscal first-quarter 2026 results on Sept. 4, 2025, delivering $85.1 million in net sales and an adjusted EBITDA of $8 million, exceeding internal expectations despite a 3.7% year-over-year decline in revenue. Shipments in core handgun categories surged over 35% year over year, significantly outpacing industry retail demand, while average selling prices (ASP) fell 6.1% sequentially amid a highly promotional environment.
The call also featured a major strategic update with the relaunch of the Smith Wesson Academy and provided detailed forward guidance on revenue, gross margin, and operating expenses for the fiscal second quarter ending Oct. 31, 2025.
Handgun shipments to the sporting goods channel increased more than 35% year over year despite industry-wide retail demand, as measured by adjusted National Instant Criminal Background Check System (NICS) checks, declining 2.4%. This outperformance contrasts with long gun shipments, which fell 28.1% year over year, primarily due to Smith Wesson having minimal presence in weaker shotgun and bolt-action rifle markets. Management noted the exceptional strength in Bodyguard, Shield, and M product lines, underscoring targeted portfolio resilience.
Source Fool.com
