Why These Defense Stocks Are Declining This Week

8. Smith & Wesson Brands, Inc. (NASDAQ:SWBI)

Weekly Decline: -5.28%

Smith & Wesson Brands, Inc. (NASDAQ:SWBI) is a firearm manufacturing company. It is one of the leading makers of long guns, handguns, rifles, and other shooting equipment. The company has been operating since 1852 and sells its products to various customers, including competitive shooters, firearm enthusiasts, security agencies, individuals desiring personal protection, sportsmen, and hunters.

On March 6, Smith & Wesson Brands, Inc. (NASDAQ:SWBI) announced financial results for the third quarter of fiscal 2025. Net sales fell 15.7% year-over-year, coming in slightly below the company’s target range. Gross margin was also 4.6% below the comparable quarter last year. Due to softer demand across the industry, the company expects annual revenue for 2025 to be 5% to 10% lower than in fiscal 2024.

Smith & Wesson Brands, Inc. (NASDAQ:SWBI)’s shares fell by over 5% during the week of March 17. It is among the defense stocks that are declining this week.