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.
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.