Firearms maker Smith & Wesson's Q2 sales slightly beat expectations

Smith & Wesson's fiscal Q2 net sales slightly exceeded analyst expectations, with adjusted EPS also beating consensus due to operational efficiency. The company reported strong operating cash flow of $27.3 million. For Q3, Smith & Wesson anticipates an 8-10% sales increase. Innovation and new products, which accounted for 38.7% of sales, drove performance. Analysts rate the stock as a 'buy', with a 12-month price target of $11.00, 23.9% above the current price.