Smith & Wesson reports a drop in demand for its firearms
September 9, 2022
Smith & Wesson Brands reported revenues and earnings per share that are well below Wall Street’s expectations. The firearms maker blamed its results on “a return to a normal demand pattern at the retail counter for firearms combined with temporary headwinds from inventory corrections within the channel.”
Recent News
Peloton CEO Steps Down and Layoffs Begin
Peloton, the popular fitness technology company, has announced significant changes in its leadership and organizational structure.
California Restaurants Must Start Eliminating Special Surcharges
Starting July 1, California is changing the game for restaurant bills.
T-Mobile Now Owns Ryan Reynolds-Backed Mint Mobile
The deal is worth upwards of $1.35 billion.
Chipotle Is Giving Away Over $1 Million in Burritos to Healthcare Workers
In acknowledgment of the tireless contributions of healthcare workers, Chipotle Mexican Grill has announced a notable gesture of appreciation: the distribution of 100,000 free burrito e-cards.