Gun maker Smith & Wesson grapples with low inventory amid record sales
Gun maker Smith & Wesson Inc. says record sales have depleted internal inventories to well below pre-pandemic levels.
Inventory for the three months that ended on July 31 totaled $97.1 million. There is no direct comparison as the inventory numbers from a year ago include the outdoor segment that was later spun off as American Outdoor Brands Inc.
Internal inventory levels remain "well below our target," CFO Deana McPherson said on the company’s first-quarter earnings call.
She added that distributor inventory was at about eight weeks of supply, or the "target level."...