<p>史密斯威森品牌公司（Smith &amp; Wesson Brands, Inc.）((SWBI)) 已舉行其第二季度財報電話會議。請繼續閲讀會議的主要亮點。</p>
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<p>史密斯威森品牌公司最近舉行了財報電話會議，透露出混合的情緒。公司慶祝手槍銷售表現強勁，庫存管理有效，以及平均售價上升。然而，這些積極因素被淨銷售額、毛利率和淨收入下降，以及關税成本上升等挑戰所抵消。</p>
<h2>手槍表現強勁</h2>
<p>手槍銷售是史密斯威森的亮點，零售櫃枱銷售額同比增長 7.7%，平均售價上升 2.1%，超出市場預期。該細分市場的成功突顯了公司在槍支市場的戰略定位。</p>
<h2>庫存管理成功</h2>
<p>公司報告庫存水平顯著下降，從 1.96 億美元降至 1.83 億美元。這一成就伴隨着超過 2700 萬美元的經營現金流，突顯了有效的庫存管理實踐。</p>
<h2>新產品成功</h2>
<p>新產品在公司業績中發揮了關鍵作用，佔本季度銷售額的近 40%。這表明史密斯威森的創新戰略在推動收入方面的有效性。</p>
<h2>平均售價改善</h2>
<p>平均售價（ASP）同比整體增長 3.5%。值得注意的是，長槍的 ASP 上升了 10.2%，而手槍的 ASP 則上升了 2.1%，反映了公司的定價能力。</p>
<h2>淨銷售額下降</h2>
<p>儘管有一些積極趨勢，第二季度的淨銷售額降至 1.247 億美元，同比下降 3.9%。這一下降對公司未來構成挑戰。</p>
<h2>毛利率下降</h2>
<p>公司的毛利率同比下降 2.3%，主要由於暫時較低的生產水平導致的吸收減少。這突顯了運營效率改善的潛在領域。</p>
<h2>關税成本上升</h2>
<p>史密斯威森面臨來自關税的 80 個基點的負面影響，預計這一影響將在財政年度下半年加大。這對公司構成了財務壓力。</p>
<h2>淨收入下降</h2>
<p>淨收入顯著下降，從去年同期的 450 萬美元降至 190 萬美元。這導致每股收益從 10 美分降至 4 美分，反映了公司面臨的財務壓力。</p>
<h2>前瞻性指導</h2>
<p>展望未來，史密斯威森預計第三季度銷售增長將比去年第三季度增長 8% 至 10%。公司預計毛利率將改善，得益於其對創新的關注、強大的品牌影響力和嚴格的庫存管理。這些預測暗示了對未來的謹慎樂觀展望。</p>
<p>總之，史密斯威森的財報電話會議描繪了機遇與挑戰並存的局面。儘管手槍銷售強勁和庫存管理成功令人鼓舞，但淨銷售額下降和關税成本上升則構成了重大障礙。公司的前瞻性指導為改善提供了希望，強調增長和創新是關鍵驅動力。</p>

SWBI

<p>史密斯 - 威森的第二季度財報電話會議顯示出混合的結果。公司在手槍銷售方面表現強勁，有效的庫存管理和平均售價的提高。然而，面臨的挑戰包括淨銷售額、毛利率和淨收入的下降，以及關税成本的上升。展望未來，史密斯 - 威森預計第三季度銷售增長將達到 8-10%，毛利率預計將因創新和庫存管理而改善。儘管當前面臨困難，公司對未來的增長仍持謹慎樂觀態度</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)) 已舉行其第二季度財報電話會議。請繼續閲讀會議的主要亮點。</p>
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<li>享受 TipRanks Premium 的 60% 折扣，獲取數據支持的洞察和研究工具，讓您自信投資。</li>
<li>訂閲 TipRanks 的智能投資者精選，通過我們高表現的模型投資組合查看我們的數據 - 現在也享受 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舉行了財報電話會議，透露出混合的情緒。公司慶祝手槍銷售表現強勁，庫存管理有效，以及平均售價上升。然而，這些積極因素被淨銷售額、毛利率和淨收入下降，以及關税成本上升等挑戰所抵消。</p>
</div><h2>Strong Handgun Performance</h2>
<div class="lb-trans"><h2>手槍表現強勁</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>手槍銷售是史密斯威森的亮點，零售櫃枱銷售額同比增長 7.7%，平均售價上升 2.1%，超出市場預期。該細分市場的成功突顯了公司在槍支市場的戰略定位。</p>
</div><h2>Inventory Management Success</h2>
<div class="lb-trans"><h2>庫存管理成功</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>公司報告庫存水平顯著下降，從 1.96 億美元降至 1.83 億美元。這一成就伴隨着超過 2700 萬美元的經營現金流，突顯了有效的庫存管理實踐。</p>
</div><h2>New Product Success</h2>
<div class="lb-trans"><h2>新產品成功</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>新產品在公司業績中發揮了關鍵作用，佔本季度銷售額的近 40%。這表明史密斯威森的創新戰略在推動收入方面的有效性。</p>
</div><h2>Improved Average Selling Prices</h2>
<div class="lb-trans"><h2>平均售價改善</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>平均售價（ASP）同比整體增長 3.5%。值得注意的是，長槍的 ASP 上升了 10.2%，而手槍的 ASP 則上升了 2.1%，反映了公司的定價能力。</p>
</div><h2>Decline in Net Sales</h2>
<div class="lb-trans"><h2>淨銷售額下降</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>儘管有一些積極趨勢，第二季度的淨銷售額降至 1.247 億美元，同比下降 3.9%。這一下降對公司未來構成挑戰。</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%，主要由於暫時較低的生產水平導致的吸收減少。這突顯了運營效率改善的潛在領域。</p>
</div><h2>Increased Tariff Costs</h2>
<div class="lb-trans"><h2>關税成本上升</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>史密斯威森面臨來自關税的 80 個基點的負面影響，預計這一影響將在財政年度下半年加大。這對公司構成了財務壓力。</p>
</div><h2>Net Income Decline</h2>
<div class="lb-trans"><h2>淨收入下降</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>淨收入顯著下降，從去年同期的 450 萬美元降至 190 萬美元。這導致每股收益從 10 美分降至 4 美分，反映了公司面臨的財務壓力。</p>
</div><h2>Forward-Looking Guidance</h2>
<div class="lb-trans"><h2>前瞻性指導</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>展望未來，史密斯威森預計第三季度銷售增長將比去年第三季度增長 8% 至 10%。公司預計毛利率將改善，得益於其對創新的關注、強大的品牌影響力和嚴格的庫存管理。這些預測暗示了對未來的謹慎樂觀展望。</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>總之，史密斯威森的財報電話會議描繪了機遇與挑戰並存的局面。儘管手槍銷售強勁和庫存管理成功令人鼓舞，但淨銷售額下降和關税成本上升則構成了重大障礙。公司的前瞻性指導為改善提供了希望，強調增長和創新是關鍵驅動力。</p>
</div>

Smith & Wesson 財報電話會議：結果喜憂參半及未來展望