Analysts expected fiscal-year 2015 sales for Smith & Wesson to be more than $620 million but the gun company reported it expects sales to be around $585 to $600 million.
Surprisingly, Smith & Wesson reported record sales of $626.6 million for the most recent fiscal year and fiscal year profit of $1.49 per share, which is expected to decrease to approximately $1.30 per share in 2015.
Long term however, Smith & Wesson is extremely confident the company is “in the midst of a long-term and sustainable growth trend.”
The famous gunmaker plans to grow 8% to 10% moving forward.
