Smith & Wesson Brands, Inc. announced financial results for Q2 fiscal 2026.
Q2 net sales reached $124.7 million with a gross margin of 24.3%.
GAAP net income was $1.9 million, and non-GAAP net income was $2.0 million.
Net Sales Decrease
Q2 net sales decreased by 3.9% compared to the previous year.
Profitability
Achieved solid profitability with $15.1 million of Adjusted EBITDAS on net sales of nearly $125 million.
Inventory Management
Significant reduction in inventory and a healthy operating cash flow of over $27 million in the quarter.
- The strength of the Smith & Wesson brand was evident with ongoing success in innovation.
- New products accounted for 38.7% of sales in the quarter, showcasing their significance.
Smith & Wesson Brands, Inc. demonstrated resilience in Q2 fiscal 2026 despite challenges, maintaining profitability and focusing on operational efficiency and innovation strategies.