Smith & Wesson VP of Sales to Retire

By Bobby Samwell • Saturday, January 18 10:14 • Permanent Link

Smith & Wesson Brands, Inc. (NASDAQ Global Select: SWBI) has announced the upcoming retirement of Sue Cupero, Vice President of Sales, after more than four decades of service to the company and the firearms industry. Ms. Cupero will retire in May 2025.

Since joining Smith & Wesson in 1979, Ms. Cupero has been instrumental in shaping the company’s sales strategies, expanding its market presence, and building strong lasting relationships with clients and partners. Mark Smith, Smith & Wesson’s CEO, praised her for her hard work, dedication, ability to solve almost any problem, and her willingness to go the extra mile for customers.

Smith & Wesson also stated that they will immediately begin a search for Sue’s replacement and are confident that they will be able to have her successor appointed in time for a smooth transition of responsibilities.

Regarding the financials, in the most recent quarter, Smith & Wesson reported a revenue of $284.6 million, which represents an increase of 16.7% compared to the same period last year. The company's net income for the quarter was $72.6 million, marking a substantial 54.2% increase year-over-year.

Furthermore, the company's gross margin also improved, reaching 40.1% in the latest quarter, up from 37.8% in the previous year's comparable period. This improvement in profitability metrics can be attributed to various factors, including effective cost management and potentially favorable product mix.

In terms of operational efficiency, the company's operating margin witnessed a notable rise, reaching 25.5% in the latest quarter, compared to 21.3% in the same quarter of the previous year. This improvement signals the company's ability to control its operating expenses and enhance its overall operational performance.

Additionally, the company's earnings per share (EPS) saw a significant surge, standing at $1.30 in the latest quarter, up from $0.85 in the corresponding quarter of the prior year, indicating a remarkable 52.9% increase.

Today the company's shares have moved 0.1% to a price of $10.33. For the full picture, make sure to review Smith & Wesson Brands's 8-K report.

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