Smith & Wesson Brands Inc

Harley-Davidson reported second-quarter revenues of $1.23 billion, down 5.9% year on year but exceeding analysts' expectations by 5.4%, as the 12 consumer discretionary leisure products stocks tracked by the publisher beat consensus revenue estimates by 9.1% as a group. The motorcycle maker also beat analysts' EPS estimates, though it delivered the slowest revenue growth in the group, and its stock is down 9.9% since reporting, trading at $24.88. Among peers, Smith & Wesson posted the best quarter with revenues of $112.6 million, up 32.3% year on year and 14.1% above expectations, sending its stock up 14.6% to $14.06. Brunswick reported revenues of $1.56 billion, up 7.7% and 2.4% above estimates, but delivered the weakest guidance update among its peers, with its stock down 17.8% at $66.16. Clarus reported revenues of $56.16 million, up 1.6% and 7.9% above expectations, with its stock up 3.9% at $3.50, while Malibu Boats reported revenues of $295.5 million, up 42.7% and 12% above expectations, though its stock is down 13.1% at $23.14.

Performance Food Group reported second-quarter revenues of $18.03 billion, up 6.4% year on year but falling 0.5% short of analysts' expectations, with full-year revenue guidance meeting estimates and EPS in line. The stock is down 20.1% since reporting and trades at $91.06. Among the 137 consumer discretionary stocks tracked, group revenues beat consensus by 2.7% while next-quarter revenue guidance came in line, and share prices are down 8.1% on average since the latest results. Smith & Wesson posted the sector's best quarter with revenues of $112.6 million, up 32.3% year on year and 14.1% above expectations, while Matthews was the weakest, with revenues of $246 million, down 29.6% and 7% below estimates. Latham reported revenues of $197.5 million, up 14.4% and 4.8% above expectations, and H&R Block reported revenues of $1.14 billion, up 3% and 2.5% above expectations.

Smith & Wesson Brands told investors on September 3 that it flipped a year-ago loss into a profit, with net sales up 32.3% year over year to $112.6 million and GAAP earnings per share of $0.06 versus a loss of $0.08 a year earlier. Unit shipments rose nearly 20% in the quarter, well ahead of the 7.7% increase in adjusted NICS, while handgun average selling prices rose almost 9% and long-gun ASPs climbed 18%, helped by new products making up 35% of total shipments. Gross margin rose 280 basis points to 28.7%, but $2.9 million of that came from a tariff refund management flagged as non-recurring, accounting for 260 of those 280 basis points on its own. Operating expenses rose $3 million to $28.1 million, the company used $8.8 million in cash from operations, and internal inventory climbed to $180.7 million from $156.3 million in the prior quarter, while the board authorized a quarterly dividend of $0.13 per share payable October 1 to shareholders of record as of September 17. Full-year revenue guidance of just 5% to 7% growth suggests management is not ready to extrapolate the quarter's pace forward.

Smith & Wesson (NASDAQ:SWBI) shares jumped 5.8% in afternoon trading after the company reported strong first-quarter fiscal 2027 financial results, returning to profitability with a 32.3% surge in net sales. Net sales reached $112.6 million for the quarter ended July 31, 2026, up $27.5 million from the prior-year period, while both GAAP and non-GAAP net income came in at $2.6 million, or $0.06 per diluted share, rebounding from a net loss of $3.4 million, or $0.08 per diluted share. Revenue beat the consensus estimate of $98.7 million, and diluted EPS surpassed projections of a $0.05 loss, according to FactSet. Gross margin stood at 28.7%, including a $2.9 million non-recurring tariff refund that added about 260 basis points, while non-GAAP Adjusted EBITDAS rose 86% year-over-year to $13.8 million. The board authorized a quarterly dividend of $0.13 per share and reaffirmed full-year fiscal 2027 revenue growth guidance of 5% to 7%.

In midday trading, several stocks made notable moves. Guidewire Software plummeted 21% after issuing weaker-than-expected current-quarter revenue guidance of $372 million to $378 million, below the LSEG consensus of $387 million. Tesla dropped 6% following a National Highway Traffic Safety Administration investigation into whether its Cybercab meets federal safety standards, after the company launched robotaxis in Austin. Sandisk and KLA rallied more than 8% and 7% respectively, as the semiconductor sector gained ahead of the long weekend, with the VanEck Semiconductor ETF (SMH) up over 2% and the Roundhill Memory ETF (DRAM) up 5%. Quanex Building Products surged 19% after beating third-quarter estimates with adjusted earnings of 79 cents per share on revenue of $501.8 million, versus the FactSet consensus of 66 cents and $497.5 million. AMC Entertainment rose 6.5% after CEO Adam Aron criticized Robinhood's stock tokens as "contemptible, outrageous, disgusting," while Robinhood slipped nearly 1%. Credit monitoring firms Equifax, TransUnion, and Fair Isaac fell after Federal Housing Finance Agency Director Bill Pulte said they have been "overcharging Americans for too long," with Fair Isaac down over 15%, Equifax down 6.8%, and TransUnion down over 7%. Smith & Wesson gained 6% on an earnings beat, reporting 6 cents per share versus an expected loss of 6 cents, on revenue of $112.6 million versus the $98.7 million consensus. Lululemon Athletica tumbled 17% after forecasting current-quarter earnings of 93 to 98 cents per share on revenue of $2.29 billion to $2.32 billion, below analyst expectations of $2.40 per share and $2.53 billion. Zscaler slipped 5% despite beating earnings estimates, while Adobe fell 6% after announcing Anil Chakravarthy as its next CEO. Asana dropped 14% on weak guidance, Samsara advanced 4% on strong full-year outlook, UiPath lost 16% despite in-line guidance, and Oxford Industries sank 17% after cutting its full-year guidance.

In premarket trading, AMC Entertainment gained 5.5% after its CEO criticized Robinhood for offering stock tokens, calling the practice contemptible, while rare earth stocks rose following reports that some Chinese firms halted U.S. shipments. Smith & Wesson jumped 11.7% on an earnings beat, but Lululemon tumbled 20% on weak guidance, and Adobe slipped nearly 3% after naming Anil Chakravarthy as its next CEO. Planet Labs advanced 13% on strong results, while Guidewire Software fell 14.5% on disappointing revenue guidance, and Oxford Industries sank 17% after cutting its full-year outlook.

Consumer discretionary leisure products stocks reported strong fourth-quarter results, with aggregate revenues beating analyst consensus estimates by 5.2%. However, next quarter's revenue guidance came in 3.4% below expectations. Polaris reported revenues of $1.94 billion, up 9% year on year and exceeding estimates by 6.8%, but its full-year EPS guidance significantly missed expectations. Smith & Wesson was the best performer with revenues of $178.4 million, up 26.7% year on year and beating estimates by 14.9%. Ruger was the weakest, with revenues of $141.4 million, up 4.1% year on year, but it significantly missed EPS and adjusted operating income estimates. MasterCraft reported revenues of $78.21 million, up 3% year on year and beating estimates by 3.7%, while Brunswick reported revenues of $1.38 billion, up 12.8% year on year and beating estimates by 4.1%. Share prices of the tracked companies have been resilient, up 6.7% on average since the latest earnings results.

The consumer discretionary sector saw mixed Q1 results, with revenues beating analyst estimates by 2% on average but next-quarter guidance coming in 4.1% below expectations. Sysco reported revenues of $20.52 billion, up 4.7% year-on-year and in line with estimates, while Smith & Wesson posted the best performance with revenues of $178.4 million, a 26.7% increase that beat expectations by 14.9%. Leggett & Platt was the weakest, with revenues of $918.2 million, down 10.2% and missing estimates by 3.3%. Wyndham and Figs also reported, with Figs seeing a 28% revenue jump to $159.9 million but its stock falling 26.5% since the release.

Performance Food Group reported first-quarter revenues of $16.29 billion, up 6.4% year on year and exceeding analyst expectations by 0.8%. The food distributor, which operates 155 distribution centers and serves over 300,000 locations across North America, delivered full-year revenue guidance in line with estimates but missed adjusted operating income projections. Its stock has risen 23.4% since the earnings release. Among the 141 consumer discretionary stocks tracked, the group overall beat revenue consensus by 2% while next-quarter guidance came in 4.1% below estimates, and shares have averaged a 3.8% gain since reporting. Smith & Wesson posted the strongest results with a 26.7% revenue jump and a 14.9% beat, while Leggett & Platt was the weakest, with revenue down 10.2% and missing estimates by 3.3%.

Smith & Wesson Brands jumped nearly 24% in early trading Thursday after reporting strong fourth-quarter results. The firearm manufacturer posted non-GAAP earnings per share of $0.36, beating market estimates by $0.13, while revenue of $178.4 million exceeded expectations by $23.13 million. Full-year net sales rose 10.4% to $523.8 million, and non-GAAP net income reached $18.4 million, or $0.41 per diluted share, compared with $14.6 million, or $0.33 per diluted share, in the prior fiscal year. CEO Mark Smith said the company outperformed competitors in core categories and made progress in new segments, while CFO Deana McPherson noted that handgun shipments drove the beat, with unit sales into the sporting goods channel up 23.2% over the prior year. The board authorized a $0.13 per share quarterly dividend payable on July 15, 2026 to stockholders of record on July 1.

Intel shares soared nearly 9% in premarket trading after President Donald Trump said the company struck a deal with Apple to design and build chips in the United States. The announcement lifted other chipmakers, with Marvell Technology rallying nearly 7% and Lam Research and Applied Materials each rising about 5%. Memory stocks also gained, as Western Digital added 5.6% and Micron Technology and Sandisk each climbed about 4%. In other moves, Accenture tumbled 13% after agreeing to acquire runZero, Netrise, and a majority stake in Dragos in a combined deal valued at approximately $4.175 billion, while Smith & Wesson jumped 14% on an earnings and revenue beat and a 23% year-over-year increase in handgun sales to sporting goods retailers. Cruise operators advanced on falling oil prices, with Carnival up 3% and Royal Caribbean and Norwegian Cruise Line adding roughly 2%, while airlines including United Airlines, Delta Air Lines, and American Airlines also rose about 2%. Pfizer fell 1% after announcing CFO Dave Denton will step down on August 15, and SpaceX shed 1.2% following a 5% loss on Wednesday after surging more than 40% last week.

Smith & Wesson Brands expects full fiscal 2027 revenue to grow in mid-single digits compared to fiscal 2026, with first-quarter revenue projected to be 15% to 20% higher than the prior year. The company also plans approximately $20 million in incremental capital expenditures at its Springfield, Massachusetts machining center of excellence, on top of its usual annual spend of $25 million to $30 million, to expand capacity and improve operational efficiency. In the fourth quarter of fiscal 2026, net sales rose 26.7% to $178.4 million, beating analyst estimates, while adjusted earnings per share of $0.36 also exceeded expectations. New products accounted for 37.5% of quarterly revenue, and the company generated $74.6 million in cash from operations, ending the period with a net cash position of $8.2 million. Management cited tariffs and inventory reserves as ongoing margin headwinds and noted that first-quarter average selling prices are expected to be sequentially lower by about 5% due to mix.