<p>史密斯威森品牌公司（Smith &amp; Wesson Brands, Inc.）((SWBI)) 已举行其第二季度财报电话会议。请继续阅读会议的主要亮点。</p>
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<p>史密斯威森品牌公司最近举行了财报电话会议，透露出混合的情绪。公司庆祝手枪销售表现强劲，库存管理有效，以及平均售价上升。然而，这些积极因素被净销售额、毛利率和净收入下降，以及关税成本上升等挑战所抵消。</p>
<h2>手枪表现强劲</h2>
<p>手枪销售是史密斯威森的亮点，零售柜台销售额同比增长 7.7%，平均售价上升 2.1%，超出市场预期。该细分市场的成功突显了公司在枪支市场的战略定位。</p>
<h2>库存管理成功</h2>
<p>公司报告库存水平显著下降，从 1.96 亿美元降至 1.83 亿美元。这一成就伴随着超过 2700 万美元的经营现金流，突显了有效的库存管理实践。</p>
<h2>新产品成功</h2>
<p>新产品在公司业绩中发挥了关键作用，占本季度销售额的近 40%。这表明史密斯威森的创新战略在推动收入方面的有效性。</p>
<h2>平均售价改善</h2>
<p>平均售价（ASP）同比整体增长 3.5%。值得注意的是，长枪的 ASP 上升了 10.2%，而手枪的 ASP 则上升了 2.1%，反映了公司的定价能力。</p>
<h2>净销售额下降</h2>
<p>尽管有一些积极趋势，第二季度的净销售额降至 1.247 亿美元，同比下降 3.9%。这一下降对公司未来构成挑战。</p>
<h2>毛利率下降</h2>
<p>公司的毛利率同比下降 2.3%，主要由于暂时较低的生产水平导致的吸收减少。这突显了运营效率改善的潜在领域。</p>
<h2>关税成本上升</h2>
<p>史密斯威森面临来自关税的 80 个基点的负面影响，预计这一影响将在财政年度下半年加大。这对公司构成了财务压力。</p>
<h2>净收入下降</h2>
<p>净收入显著下降，从去年同期的 450 万美元降至 190 万美元。这导致每股收益从 10 美分降至 4 美分，反映了公司面临的财务压力。</p>
<h2>前瞻性指导</h2>
<p>展望未来，史密斯威森预计第三季度销售增长将比去年第三季度增长 8% 至 10%。公司预计毛利率将改善，得益于其对创新的关注、强大的品牌影响力和严格的库存管理。这些预测暗示了对未来的谨慎乐观展望。</p>
<p>总之，史密斯威森的财报电话会议描绘了机遇与挑战并存的局面。尽管手枪销售强劲和库存管理成功令人鼓舞，但净销售额下降和关税成本上升则构成了重大障碍。公司的前瞻性指导为改善提供了希望，强调增长和创新是关键驱动力。</p>

SWBI

<p>史密斯 - 威森的第二季度财报电话会议显示出混合的结果。公司在手枪销售方面表现强劲，有效的库存管理和平均售价的提高。然而，面临的挑战包括净销售额、毛利率和净收入的下降，以及关税成本的上升。展望未来，史密斯 - 威森预计第三季度销售增长将达到 8-10%，毛利率预计将因创新和库存管理而改善。尽管当前面临困难，公司对未来的增长仍持谨慎乐观态度</p>

<p>Smith &amp; Wesson Brands, Inc. ((SWBI)) has held its Q2 earnings call. Read on for the main highlights of the call.</p>
<div class="lb-trans"><p>史密斯威森品牌公司（Smith &amp; Wesson Brands, Inc.）((SWBI)) 已举行其第二季度财报电话会议。请继续阅读会议的主要亮点。</p>
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<div class="lb-trans"><h3>TipRanks 网络星期一促销</h3>
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<li>享受 TipRanks Premium 的 60% 折扣，获取数据支持的洞察和研究工具，让您自信投资。</li>
<li>订阅 TipRanks 的智能投资者精选，通过我们高表现的模型投资组合查看我们的数据 - 现在也享受 60% 折扣。</li>
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</div><p>Smith &amp; Wesson Brands, Inc. recently held its earnings call, revealing a mixed sentiment. The company celebrated strong performance in handgun sales, effective inventory management, and increased average selling prices. However, these positives were tempered by challenges such as a decline in net sales, gross margin, and net income, alongside rising tariff costs.</p>
<div class="lb-trans"><p>史密斯威森品牌公司最近举行了财报电话会议，透露出混合的情绪。公司庆祝手枪销售表现强劲，库存管理有效，以及平均售价上升。然而，这些积极因素被净销售额、毛利率和净收入下降，以及关税成本上升等挑战所抵消。</p>
</div><h2>Strong Handgun Performance</h2>
<div class="lb-trans"><h2>手枪表现强劲</h2>
</div><p>Handgun sales were a bright spot for Smith &amp; Wesson, outperforming market expectations with a 7.7% increase in retail counter sell-through and a 2.1% rise in average selling prices. This segment’s success highlights the company’s strategic positioning in the firearms market.</p>
<div class="lb-trans"><p>手枪销售是史密斯威森的亮点，零售柜台销售额同比增长 7.7%，平均售价上升 2.1%，超出市场预期。该细分市场的成功突显了公司在枪支市场的战略定位。</p>
</div><h2>Inventory Management Success</h2>
<div class="lb-trans"><h2>库存管理成功</h2>
</div><p>The company reported a significant reduction in inventory levels, decreasing from $196 million to $183 million. This achievement was accompanied by the generation of over $27 million in operating cash flow, underscoring effective inventory management practices.</p>
<div class="lb-trans"><p>公司报告库存水平显著下降，从 1.96 亿美元降至 1.83 亿美元。这一成就伴随着超过 2700 万美元的经营现金流，突显了有效的库存管理实践。</p>
</div><h2>New Product Success</h2>
<div class="lb-trans"><h2>新产品成功</h2>
</div><p>New products played a crucial role in the company’s performance, accounting for nearly 40% of sales in the quarter. This demonstrates the effectiveness of Smith &amp; Wesson’s innovation strategy in driving revenue.</p>
<div class="lb-trans"><p>新产品在公司业绩中发挥了关键作用，占本季度销售额的近 40%。这表明史密斯威森的创新战略在推动收入方面的有效性。</p>
</div><h2>Improved Average Selling Prices</h2>
<div class="lb-trans"><h2>平均售价改善</h2>
</div><p>The average selling prices (ASPs) saw an overall increase of 3.5% year-over-year. Notably, long guns experienced a 10.2% rise in ASPs, while handguns saw a 2.1% increase, reflecting the company’s pricing power.</p>
<div class="lb-trans"><p>平均售价（ASP）同比整体增长 3.5%。值得注意的是，长枪的 ASP 上升了 10.2%，而手枪的 ASP 则上升了 2.1%，反映了公司的定价能力。</p>
</div><h2>Decline in Net Sales</h2>
<div class="lb-trans"><h2>净销售额下降</h2>
</div><p>Despite some positive trends, net sales for the second quarter fell to $124.7 million, marking a 3.9% decrease compared to the previous year. This decline poses a challenge for the company moving forward.</p>
<div class="lb-trans"><p>尽管有一些积极趋势，第二季度的净销售额降至 1.247 亿美元，同比下降 3.9%。这一下降对公司未来构成挑战。</p>
</div><h2>Gross Margin Decrease</h2>
<div class="lb-trans"><h2>毛利率下降</h2>
</div><p>The company’s gross margin decreased by 2.3% from the previous year, primarily due to decreased absorption on temporarily lower production levels. This highlights a potential area for improvement in operational efficiency.</p>
<div class="lb-trans"><p>公司的毛利率同比下降 2.3%，主要由于暂时较低的生产水平导致的吸收减少。这突显了运营效率改善的潜在领域。</p>
</div><h2>Increased Tariff Costs</h2>
<div class="lb-trans"><h2>关税成本上升</h2>
</div><p>Smith &amp; Wesson faced an 80 basis point negative impact from tariffs, with expectations for this impact to grow in the second half of the fiscal year. This presents a financial headwind that the company will need to navigate.</p>
<div class="lb-trans"><p>史密斯威森面临来自关税的 80 个基点的负面影响，预计这一影响将在财政年度下半年加大。这对公司构成了财务压力。</p>
</div><h2>Net Income Decline</h2>
<div class="lb-trans"><h2>净收入下降</h2>
</div><p>Net income saw a significant decline, dropping to $1.9 million from $4.5 million in the same period last year. This resulted in a decrease in earnings per share from 10¢ to 4¢, reflecting the financial pressures faced by the company.</p>
<div class="lb-trans"><p>净收入显著下降，从去年同期的 450 万美元降至 190 万美元。这导致每股收益从 10 美分降至 4 美分，反映了公司面临的财务压力。</p>
</div><h2>Forward-Looking Guidance</h2>
<div class="lb-trans"><h2>前瞻性指导</h2>
</div><p>Looking ahead, Smith &amp; Wesson anticipates sales growth of 8% to 10% in the upcoming third quarter compared to the previous year’s Q3. The company expects gross margins to improve, driven by its focus on innovation, strong brand presence, and disciplined inventory management. These forecasts suggest a cautiously optimistic outlook for the future.</p>
<div class="lb-trans"><p>展望未来，史密斯威森预计第三季度销售增长将比去年第三季度增长 8% 至 10%。公司预计毛利率将改善，得益于其对创新的关注、强大的品牌影响力和严格的库存管理。这些预测暗示了对未来的谨慎乐观展望。</p>
</div><p>In summary, Smith &amp; Wesson’s earnings call painted a picture of both opportunities and challenges. While strong handgun sales and successful inventory management are promising, the decline in net sales and increased tariff costs pose significant hurdles. The company’s forward-looking guidance offers hope for improvement, emphasizing growth and innovation as key drivers.</p>
<div class="lb-trans"><p>总之，史密斯威森的财报电话会议描绘了机遇与挑战并存的局面。尽管手枪销售强劲和库存管理成功令人鼓舞，但净销售额下降和关税成本上升则构成了重大障碍。公司的前瞻性指导为改善提供了希望，强调增长和创新是关键驱动力。</p>
</div>

Smith & Wesson 财报电话会议：结果喜忧参半及未来展望