Smith & Wesson tops estimates for a seasonal slow period for firearm demand

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Smith & Wesson Brands (NASDAQ:SWBI) topped expectations with its FQ1 earnings report.

Net sales for the quarter were $85.1 million, down 3.7% year-over-year, but still well above analyst expectations. Gross margin fell from a year ago to 26.0% of sales, as pressures from production costs and competitive

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