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Smith and Wesson Q1 2021 net sales $278.0 million

Christian Fernsby ▼ | September 4, 2020
Smith and Wesson Brands announced financial results for the first quarter fiscal 2021, ended July 31, 2020.
Smith and Wesson
Smith and Wesson   Quarterly net sales were $278.0 million
Quarterly net sales were $278.0 million compared with $123.7 million for the first quarter last year, an increase of 124.8%.

Topics: Smith

Firearms segment gross sales were $229.9 million, which included $1.0 million of inter-segment revenue, an increase of $134.4 million, or 140.9%, over the comparable quarter last year.

Outdoor Products & Accessories segment gross sales were $50.6 million, which included $1.5 million of inter-segment revenue, an increase of $17.4 million, or 52.3%, over the comparable quarter last year.

Quarterly GAAP net income was $48.4 million compared with a GAAP net loss of $(2.1) million, or $(0.04) per diluted share, for the comparable quarter last year.

Quarterly non-GAAP net income was $54.9 million compared with $1.7 million, or $0.03 per diluted share, for the comparable quarter last year.


 

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