Smith & Wesson Brands(US:SWBI) Newsfileยท2025-09-04 20:05Financial Performance - Q1 net sales were $85.1 million, a decrease of $3.3 million or 3.7% from the same quarter last year [6] - Q1 gross margin was 25.9%, down from 27.4% in the comparable quarter last year [6] - The company reported a net loss of $3.4 million, or $0.08 per diluted share, compared to a net loss of $1.9 million, or $0.04 per diluted share, for the same quarter last year [6][12] Product Demand and Strategy - The first quarter results exceeded expectations, driven by strong demand for new products, which accounted for 37.3% of sales [3] - The company plans to continue investing in innovation to maintain its leadership position in the firearms market [3] Inventory and Sales Outlook - Distributor inventory declined by over 10% from the end of the previous quarter, indicating positive sell-through at retail [3] - The company expects significant sales growth in the second fiscal quarter compared to the first quarter, projecting sales to be approximately 3-5% below the second quarter of fiscal 2025 [3] Dividend Announcement - The board of directors has authorized a quarterly dividend of $0.13 per share, payable to stockholders of record on September 18, 2025 [3] Non-GAAP Financial Measures - Non-GAAP adjusted EBITDAS for Q1 was $8.0 million, or 9.5% of net sales, compared to $10.2 million, or 11.8% of net sales, for the same quarter last year [6][19] - Non-GAAP net loss was $3.4 million, or $0.08 per diluted share, compared to $881 thousand, or $0.02 per diluted share, for the comparable quarter last year [6][16]