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