Smith & Wesson Brands expects stronger demand as the election draws closer

seekingalpha06-21

Smith & Wesson Brands (NASDAQ:SWBI) management indicated on the company's earnings call (transcript) that the firearms market is anticipated to experience healthy demand through the 2024 election ...

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So, definitely, there will be a tailwind there to our usual busy season,\" stated CEO Mark Smith. Smith & Wesson (SWBI) sees itself as well positioned to deliver another solid year of growth once the election is closer. However, in the near term, the company does see a much more competitive marketplace throughout the traditionally slower summer months this year as consumer discretionary spending continues to be impacted by stubborn inflation. Smith & Wesson (SWBI) plans to pursue market share aggressively through promotions and marketing campaigns in addition to building inventory in preparation for the busy fall months. SWBI sees fiscal-year 2025 sales growth in the mid to high single digits, with near-term demand softer than originally anticipated, and sales weighted to the second half of the fiscal year. The company also expects margins to stabilize after the slow summer months. 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