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Benzinga
Benzinga
Business
Rishabh Mishra

Trump's Steel Tariffs Impact Gunmaker Smith & Wesson's Gross Margin In Q1, Company Expects Continued Impact In Q2

Donald Trump Smith Wesson Smith Wesson Brands SWBI the Donald Trump administration Mark Smith United States
Smith & WessonLviv,,Ukraine,-,February,13,,2025:,Circular,Logo,Sign,Featuring

Gunmaker Smith & Wesson Brands Inc. (NASDAQ:SWBI) reported Thursday that steel tariffs by the Donald Trump administration cut into its profitability last quarter and are expected to continue squeezing margins. The company posted a net loss for its first fiscal quarter despite what it called robust demand for new products.

Check out SWBI’s stock price over here.

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