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To: Rarebird who wrote (19855)	12/13/2023 11:19:57 AM
From: Rarebird	Respond to of 26251

Smith & Wesson Brands Shares Fall 7% as Margin Pressure Brings Down Profit 12/07/23 2:59 PM Shares of Smith & Wesson Brands fell in post-market trading on Thursday after the company's profit took a hit despite rising sales. The stock was down 7% to $12.90, following a 2.5% fall at Thursday's close. Shares are up 60% this year. The Maryville, Tenn.-based firearms maker posted a profit of $2.5 million, or 5 cents a share, in the quarter ended Oct. 31, compared with $9.6 million, or 21 cents a share, a year earlier. Analysts polled by FactSet expected per-share earnings of 14 cents. Stripping out certain one-time items, adjusted per-share earnings came to 14 cents. Revenue rose 3.2% to $125 million, surpassing the $123.8 million expected by analysts polled by FactSet. Finance Chief Deana McPherson said the company's gross margins were still pressured by fixed-cost absorption, inflation and right-sizing of inventory, though the company expects margin headwinds to ease in the fourth quarter. Write to Ben Glickman at ben.glickman@wsj.com