SWBI posts $112.6M net sales, returns to profit; Q2 sales seen up
SWBI net sales rose 32% year-over-year to $112.6 million, while gross margin rose to 28.7%. Net income was $2.6 million after last year’s loss; management projects Q2 sales 10% higher year-over-year.
Net sales grew 32% year-over-year to $112.6 million, with gross margin up to 28.7% aided by a one-time tariff refund.
Net income reached $2.6 million, reversing last year's loss, and management expects continued growth with Q2 sales projected 10% higher year-over-year.Original document: Smith & Wes…