Trump’s steel rates influence the gross margin of Gunmaker Smith & Wesson in Q1, the company expects continuous impact in Q2 – Smith & Wesson Brands (Nasdaq: SWBI)

Shooter Smith & Wesson Brands Inc. SWBI reported on Thursday that steel rates by the Donald Trump The administration has cut into its profitability last quarter and is expected to continue to squeeze the margins. The company placed a net loss for its first tax quarter, despite what the robust demand for new products called. […]