Smith & Wesson Brands, Inc. provided earnings guidance for the fourth quarter of 2024. Looking forward to fourth quarter. as demand has been good and channel inventory for products is healthy, particularly when compared to last year when it was about 50,000 units higher.

As is typical, due to the seasonality in industry, the company expects fiscal fourth quarter to be the higher quarter in terms of revenue. From third quarter to fourth quarter last year, sales grew 12.2% with inventory in the channel declining. During current fourth quarter, the company expects channel inventory to remain at the current low levels and demand to be stable.

Therefore, the company expects fourth quarter sales to grow at a slightly higher rate sequentially than last year in terms of both units and dollars.