financial – Page 2 – Guns Holsters And Gear

Smith & Wesson announced a record quarter and record year for sales and income. Â Here are the highlights:

For the quarter ending April 30, 2012, S&W’s sales were up almost 28% year over year.
For the quarter ending April 30, 2012, S&W’s income was $17.8 million.
For the fiscal year ending April 30, 2012, S&W produced a record number of units, generated a record amount of cash and brought in a record amount of income ($26.4 million).

For anyone who tracks Apple stock, these numbers seem anemic, but for Smith & Wesson, they are very good indeed.

According to a Smith & Wesson press release, these records were driven largely because of the popularity of the M&P line of pistols and rifles. Â The M&P continues to nibble away at Glock’s share of the law enforcement market, and more and more consumers are flocking to the guns. Â Read a few of the popular gun blogs out there and you’ll see that everyone is drinking to Kool-Aid.

Smith & Wesson Quarterly Report Offers Insights

The Smith & Wesson quarterly report for the period ending July 31, 2011 was filed yesterday. Â Reading through these reports offers some amazing insights into the goings-on of a publicly traded company.

The reports can also make your eyes glaze over, and suck the will to live from you. Â So to help you avoid such a fate, here are a few of the highlights.

The Good

For the quarter ending July 31, 2011, Smith & Wesson net product and services sales were up 18% ($14 million) to $91.7 million as compared to the same quarter the previous year.

S&W reported a “significant increase” in the sales from their Sigma line of handguns, which they attributed to the company’s “price repositioning strategy.” Â Sigma handguns in both 9mm and .40 S&W are typically found in the $270-290 price range. At these prices, the Sigma offers an incredible value to the shooter on a budget.