Smith & Wesson (SWBI) Fiscal Q1 2027 Earnings Call: Sales Rise 32.3%
Source Tradingkey
Key Takeaways
- Fiscal Q1 2027 net sales increased 32.3% year over year to $112.6 million, supported by strong polymer pistol, modern sporting rifle (MSR), and lever-action rifle shipments.
- Adjusted EBITDA rose 86%, while diluted EPS improved to $0.06 from a loss of $0.08 in the prior-year quarter.
- Smith & Wesson outpaced the broader market: total shipments increased nearly 20% as adjusted NICS rose 7.7%. Management said this reflected continued market-share gains.
- Gross margin expanded 280 basis points to 28.7%, although $2.9 million of tariff refunds contributed 260 basis points of the improvement.
- Management expects fiscal Q2 sales to grow roughly 10% year over year and maintained its fiscal 2027 revenue growth outlook of approximately 5% to 7%.
- Internal inventory rose sequentially to $181 million from $156 million as the company prepared for the fall and winter selling seasons, but remained below $203 million a year earlier.
Core Financial Data
| Metric | Fiscal Q1 2027 | Change / Context |
|---|---|---|
| Net sales | $112.6 million | Up $27.5 million, or 32.3%, year over year |
| Adjusted EBITDA | — | Up 86% year over year |
| Gross margin | 28.7% | Up 280 basis points; tariff refunds added 260 basis points |
| Operating expenses | $28.1 million | Up $3.0 million year over year |
| Net income | $2.6 million | Versus a $3.4 million net loss last year |
| Diluted EPS | $0.06 | Versus a loss of $0.08 per share last year |
| Operating cash flow | $(8.8) million | Versus $(8.1) million last year |
| Capital spending | $11.9 million | Versus $4.3 million last year |
| Internal inventory | $181 million | Down from $203 million year over year; up from $156 million sequentially |
| Cash and investments | $25.2 million | Quarter-end balance |
| Credit line borrowings | $40.0 million | Quarter-end balance |
Business and Operating Performance
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
Gold price (XAU/USD) is down 0.8% to near $4,140 during the European trading session on Monday. The precious metal faces selling pressure as the three-day rally hits a pause after failing to extend above $4,202.
Gold price (XAU/USD) rebounds from a nearly one-month low to around $4,385 during the early Asian session on Thursday. The precious metal edges higher as the US Dollar (USD) and Treasury yields retreat from recent highs.
Gold is back above $4,400 after weak ADP data cut September rate-hike odds to ~58%. XAU/USD rebounded from Wednesday's $4,282 low; Friday's NFP is the next catalyst.
Gold rebounds above $4,450 as Waller tempers Fed rate hike bets ahead US jobs dataGold price (XAU/USD) gains momentum to around $4,470 during the early Asian session on Friday. The precious metal extended its recovery as Federal Reserve (Fed) rate hike bets ease. All eyes will be on the US August Nonfarm Payrolls (NFP) report, which is due later on Friday.
Gold price (XAU/USD) gains momentum to around $4,470 during the early Asian session on Friday. The precious metal extended its recovery as Federal Reserve (Fed) rate hike bets ease. All eyes will be on the US August Nonfarm Payrolls (NFP) report, which is due later on Friday.
Yen hits one-month high on BOJ September-hike bets; AUD/JPY cracks support as carry unwindsUSD/JPY has tumbled from the 160 area to a one-month low near 155.2 in two sessions as Bank of Japan hike bets for the Sept 17-18 meeting intensify. AUD/JPY has broken below 112.7, flagging carry-trade stress. A test of 155.21 - and then 153 - is now in focus.
USD/JPY has tumbled from the 160 area to a one-month low near 155.2 in two sessions as Bank of Japan hike bets for the Sept 17-18 meeting intensify. AUD/JPY has broken below 112.7, flagging carry-trade stress. A test of 155.21 - and then 153 - is now in focus.
