Latest news with #SmithWesson
Bloomberg
5 hours ago
- Business
- Bloomberg
Stock Movers: Smith & Wesson, Kroger, GMS
On this episode of Stock Movers: - Smith & Wesson Brands (SWBI) sinkafter the firearm company reported adjusted earnings per share for the fourth quarter that missed the average analyst estimate. - Kroger's (KR) sales surpassed expectations during the latest quarter, a sign that consumers are still spending on groceries and other essentials even amid economic turbulence. The nation's largest supermarket operator said its comparable sales, excluding fuel, rose 3.2% — better than what Wall Street analysts were expecting. The company also raised its full-year sales guidance to a range of 2.25% to 3.25%, but reaffirmed the rest of its outlook. - GMS (GMS) shares rise after the Wall Street Journal reported that Home Depot has made an offer for the building materials firm, potentially setting off a bidding war with QXO which made a $5 billion offer earlier in the week
Yahoo
2 days ago
- Business
- Yahoo
Smith & Wesson Brands Inc (SWBI) Q4 2025 Earnings Call Highlights: Navigating Market ...
Net Sales: $140.8 million, down 11.6% from the prior year comparable quarter. New Products Revenue: Accounted for 43.9% of total revenue in the fourth quarter. Gross Margin: 28.8%, a decrease of 6.7 percentage points from the prior year comparable quarter. Operating Expenses: $27.4 million, $2.1 million lower than the prior year comparable quarter. Net Income: $8.6 million, $18.7 million less than the prior year comparable quarter. GAAP Earnings Per Share (EPS): $0.19, down from $0.59 in the prior year comparable quarter. Non-GAAP Earnings Per Share (EPS): $0.20, down from $0.48 in Q4 fiscal 2024. Cash from Operations: $40.8 million generated during the quarter. Capital Expenditures: $7.3 million spent on capital projects. Net Free Cash: $33.5 million. Dividends Paid: $5.7 million. Revolving Line of Credit Repayment: $30 million repaid. Cash on Hand: $25.2 million at the end of the quarter. Borrowings: $80 million on the line of credit. Loan Availability: $92.3 million at the end of fiscal 2025. Quarterly Dividend: $0.13 per share, payable on July 21. Warning! GuruFocus has detected 6 Warning Sign with SWBI. Release Date: June 18, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. New products accounted for 44% of sales in the fourth quarter, highlighting strong innovation and competitive differentiation. Smith & Wesson Brands Inc (NASDAQ:SWBI) gained market share in handguns, with shipments declining less than the overall market. The company maintained a strong balance sheet and is comfortable with internal inventory levels. Smith & Wesson Brands Inc (NASDAQ:SWBI) plans to continue investing in innovation to maintain market share leadership. The company generated $40.8 million in cash from operations during the quarter, demonstrating strong cash flow management. Net sales for the fourth quarter were $140.8 million, down 11.6% from the prior year, reflecting challenging market conditions. Gross margin decreased by 6.7 percentage points compared to the prior year, due to lower production volumes and pricing pressures. Net income for the fourth quarter was $8.6 million, significantly lower than the prior year's $27.3 million. Average selling prices trended lower year-over-year, with a 4.5% decline in Q4, impacting profitability. The company anticipates continued economic headwinds, such as inflation and tariffs, which may pressure demand and margins in fiscal 2026. Q: How does the exit of smaller competitors affect Smith & Wesson in the near and long term? A: Mark Smith, President and CEO, explained that the exit of smaller competitors is not expected to significantly impact Smith & Wesson in the short term due to the limited market presence of these smaller players. In the long term, it presents an opportunity for Smith & Wesson to capture additional market share, as they are the market leader and well-positioned to absorb this available share. Q: Is there a need for Smith & Wesson to implement price cuts or discounts to maintain market share? A: Mark Smith stated that there is no need for across-the-board price cuts. The company believes in the strength of its brand and continues to see strong volume in its core line. Smith & Wesson plans to participate in the entry-level pricing category through new product introductions rather than discounting existing products. Q: How is consumer demand being affected by macroeconomic factors, and are there specific segments more impacted than others? A: Mark Smith noted that demand is generally down due to macroeconomic pressures, with a noticeable trend towards entry-level and high-end products performing better. The mid-tier market is more affected, and Smith & Wesson is focusing on new products to cater to the entry-level segment. Q: What is the impact of tariffs on Smith & Wesson, particularly concerning steel and other commodities? A: Mark Smith acknowledged the volatility in tariffs, particularly affecting steel. While Smith & Wesson is largely U.S.-based in its sourcing, some exposure remains. The company is monitoring the situation closely and looking for opportunities to offset costs through operational efficiencies and potential cost pass-throughs. Q: What is the expected inventory reduction strategy for the fiscal year, and how will it impact cash flow? A: Mark Smith indicated that a significant inventory reduction is expected throughout the fiscal year, which will convert back to cash. This strategy will also lead to a reduction in accounts payable, contributing to healthy cash generation and enabling debt repayment. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus.
Yahoo
2 days ago
- Business
- Yahoo
Smith & Wesson Brands, Inc. Reports Fourth Quarter and Full Fiscal 2025 Financial Results
- Q4 Net Sales of $140.8 Million - Q4 Gross Margin of 28.8%; Non-GAAP Gross Margin of 29.2% - Q4 EPS of $0.19/Share Maryville, Tennessee--(Newsfile Corp. - June 18, 2025) - Smith & Wesson Brands, Inc. (NASDAQ: SWBI), a U.S.-based leader in firearm manufacturing and design, today announced financial results for the fourth quarter and full fiscal year 2025, ended April 30, 2025. Fourth Quarter Fiscal 2025 Financial Highlights Net sales were $140.8 million, a decrease of $18.4 million, or 11.6%, from the comparable quarter last year. Gross margin was 28.8% compared with 35.5% in the comparable quarter last year. GAAP net income was $8.6 million, or $0.19 per diluted share, compared with $27.3 million, or $0.59 per diluted share, for the comparable quarter last year. Non-GAAP net income was $9.0 million, or $0.20 per diluted share, compared with $22.1 million, or $0.48 per diluted share, for the comparable quarter last year. GAAP to non-GAAP adjustments for income exclude costs related to the relocation. For a detailed reconciliation, see the schedules that follow in this release. Non-GAAP Adjusted EBITDAS was $24.1 million, or 17.2% of net sales, compared with $37.6 million, or 23.6% of net sales, for the comparable quarter last year. Full Year Fiscal 2025 Financial Highlights Net sales were $474.7 million, a decrease of $61.2 million, or 11.4%, from the prior fiscal year. Gross margin was 26.8% compared with 29.5% in the prior fiscal year. GAAP net income was $13.4 million, or $0.30 per diluted share, compared with $41.4 million, or $0.89 per diluted share, for the prior fiscal year. Non-GAAP net income was $14.6 million, or $0.33 per diluted share, compared with $44.4 million, or $0.96 per diluted share, for the prior fiscal year. GAAP to non-GAAP adjustments for income include costs related to the relocation, a gain on sale of certain real estate, and other costs. For a detailed reconciliation, see the schedules that follow in this release. Non-GAAP Adjusted EBITDAS was $67.3 million, or 14.3% of net sales, compared with $96.6 million, or 18.0% of net sales, for the prior fiscal year. Mark Smith, President and Chief Executive Officer, commented, "Fourth quarter proved more difficult than we anticipated largely due to macro-economic and industry trends. While the combination of lower sales and production volumes, along with mix factors, pressured margins, we were able to partially offset the bottom-line impact through disciplined cost management and by leveraging our flexible manufacturing model. Looking at the overall firearms market, we continue to see consumers generally being cautious due to macro-economic factors pressuring discretionary spending. While new products and lower price point offerings are still performing well, overall conditions suggest headwinds will likely persist in the near term. Despite these challenges, we remain well positioned to succeed in this environment." Deana McPherson, Executive Vice President and Chief Financial Officer, commented, "We believe that firearm market conditions have been negatively impacted by persistent inflation, high interest rates, and uncertainty caused by tariff concerns. That being said, the success of our new products has enabled us to maintain a leadership position in the categories of the firearm market in which we compete. We currently expect demand for firearms in fiscal 2026 to be similar to what we saw in fiscal 2025, remaining subject to economic headwinds such as inflation and the impact of tariff-related cost increases. Consistent with our capital allocation strategy, our board of directors has authorized a $0.13 per share quarterly dividend, which will be paid to stockholders of record on July 7, 2025 with payment to be made on July 21, 2025." Conference Call and Webcast The company will host a conference call and webcast on June 18, 2025 to discuss its fourth quarter and full fiscal 2025 financial and operational results. Speakers on the conference call will include Mark Smith, President and Chief Executive Officer, and Deana McPherson, Executive Vice President and Chief Financial Officer. The conference call may include forward-looking statements. The conference call and webcast will begin at 5:00 p.m. Eastern Time (2:00 p.m. Pacific Time). Interested parties in North America are invited to participate by dialing 1-877-704-4453. Interested parties from outside North America are invited to participate by dialing 1-201-389-0920. Participants should dial in at least 10 minutes prior to the start of the call. A live and archived webcast of the event will be available on the company's website at under the Investor Relations section. Reconciliation of U.S. GAAP to Non-GAAP Financial Measures In this press release, certain non-GAAP financial measures, including "non-GAAP net income," "Adjusted EBITDAS," and "free cash flow" are presented. From time-to-time, we consider and use these supplemental measures of operating performance in order to provide the reader with an improved understanding of underlying performance trends. We believe it is useful for us and the reader to review, as applicable, both (1) GAAP measures that include (i) interest expense, (ii) income tax expense, (iii) depreciation and amortization, (iv) stock-based compensation expense, (v) spin related stock-based compensation, (vi) an accrued legal settlement, (vii) a gain on sale of certain real estate, (viii) a gain on sale of intangible assets, (ix) Relocation expense, and (x) the tax effect of non-GAAP adjustments; and (2) the non-GAAP measures that exclude such information. We present these non-GAAP measures because we consider them an important supplemental measure of our performance. Our definition of these adjusted financial measures may differ from similarly named measures used by others. We believe these measures facilitate operating performance comparisons from period to period by eliminating potential differences caused by the existence and timing of certain expense items that would not otherwise be apparent on a GAAP basis. These non-GAAP measures have limitations as an analytical tool and should not be considered in isolation or as a substitute for our GAAP measures. The principal limitations of these measures are that they do not reflect our actual expenses and may thus have the effect of inflating its financial measures on a GAAP basis. About Smith & Wesson Brands, Inc. Smith & Wesson Brands, Inc. (NASDAQ Global Select: SWBI) is a U.S.-based leader in firearm manufacturing and design, delivering a broad portfolio of quality handgun, long gun, and suppressor products to the global consumer and professional markets under the iconic Smith & Wesson® and Gemtech® brands. The company also provides forging and machining services to third parties. For more information call (800) 331-0852 or visit Safe Harbor Statement Certain statements contained in this press release may be deemed to be forward-looking statements under federal securities laws, and we intend that such forward-looking statements be subject to the safe-harbor created thereby. Such forward-looking statements include, among others, that (i) with respect to the overall firearms market, we continue to see consumers generally being cautious due to macro-economic factors pressuring discretionary spending; (ii) overall conditions suggest headwinds will likely persist in the near term; (iii) we remain well positioned to succeed in this environment; and (iv) we currently expect demand for firearms in fiscal 2026 to be similar to what we saw in fiscal 2025, remaining subject to economic headwinds such as inflation and the impact of tariff-related cost increases. We caution that these statements are qualified by important risks, uncertainties, and other factors that could cause actual results to differ materially from those reflected by such forward-looking statements. Such factors include, among others, economic, social, political, legislative, and regulatory factors; the impact of tariffs; the potential for increased regulation of firearms and firearm-related products; actions of social activists that could have an adverse effect on our business; the impact of lawsuits; the demand for our products; the state of the U.S. economy in general and the firearm industry in particular; general economic conditions and consumer spending patterns; our competitive environment; the supply, availability and costs of raw materials and components; our anticipated growth and growth opportunities; our strategies; our ability to maintain and enhance brand recognition and reputation; our ability to effectively manage and execute the Relocation; our ability to introduce new products; the success of new products; the potential for cancellation of orders from our backlog; and other risks detailed from time to time in our reports filed with the Securities and Exchange Commission, including our Annual Report on Form 10-K for the fiscal year ended April 30, 2025. Contact:investorrelations@ 747-3448 SMITH & WESSON BRANDS, INC AND SUBSIDIARIESCONSOLIDATED BALANCE SHEETS(Unaudited) As of: April 30, 2025 April 30, 2024 (In thousands, except par value and share data) ASSETS Current assets: Cash and cash equivalents $ 25,231$ 60,839 Accounts receivable, net of allowances for credit losses of $5 on April 30, 2025 and $0 on April 30, 2024 55,868 59,071 Inventories189,840 160,500 Prepaid expenses and other current assets6,260 4,973 Income tax receivable66 1,948 Total current assets277,265 287,331 Property, plant, and equipment, net of accumulated depreciation and amortization of $368,811 on April 30, 2025 and $352,615 on April 30, 2024 242,648 252,633 Intangibles, net2,409 2,598 Goodwill19,024 19,024 Deferred income taxes10,260 7,228 Other assets8,006 8,614 Total assets $ 559,612$ 577,428 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Accounts payable $ 26,887$ 41,831 Accrued expenses and deferred revenue24,678 24,489 Accrued payroll and incentives9,060 17,147 Accrued profit sharing4,636 9,098 Accrued warranty1,379 1,813 Total current liabilities66,640 94,378 Notes and loans payable79,096 39,880 Finance lease payable, net of current portion33,703 35,404 Other non-current liabilities7,719 7,852 Total liabilities187,158 177,514 Commitments and contingencies Stockholders' equity: Preferred stock, $0.001 par value, 20,000,000 shares authorized, no shares issued or outstanding — — Common stock, $0.001 par value, 100,000,000 shares authorized, 75,789,455 issued and 44,111,461 shares outstanding on April 30, 2025 and 75,395,490 shares issued and 45,561,569 shares outstanding on April 30, 2024 76 75 Additional paid-in capital298,075 289,994 Retained earnings532,615 542,414 Accumulated other comprehensive income— 73 Treasury stock, at cost (31,677,994 shares on April 30, 2025 and 29,833,921 shares on April 30, 2024) (458,312) (432,642) Total stockholders' equity372,454 399,914 Total liabilities and stockholders' equity $ 559,612$ 577,428 SMITH & WESSON BRANDS, INC AND SUBSIDIARIESCONSOLIDATED STATEMENTS OF INCOME(Unaudited) For the Three Months Ended April 30, For the Year Ended April 30, 2025 2024 2025 2024 (In thousands, except per share data) Net sales $ 140,762$ 159,148$ 474,661$ 535,833 Cost of sales 100,217 102,646 347,478 377,740 Gross profit 40,545 56,502 127,183 158,093 Operating expenses: Research and development 1,962 1,774 9,567 7,258 Selling, marketing, and distribution 11,473 9,473 41,314 40,611 General and administrative 13,974 18,258 54,933 63,134 Gain on sale/disposition of assets, net 6 (10) (2,515) (11) Total operating expenses 27,415 29,495 103,299 110,992 Operating income 13,130 27,007 23,884 47,101 Other (expense)/income, net: Other (expense)/income, net (6) 6,496 (17) 6,672 Interest expense, net (748) (607) (4,622) (2,055) Total other (expense)/income, net (754) 5,889 (4,639) 4,617 Income before income taxes 12,376 32,896 19,245 51,718 Income tax expense 3,742 5,561 5,820 10,356 Net income $ 8,634$ 27,335$ 13,425$ 41,362 Net income per share: Basic - net income $ 0.20$ 0.60$ 0.30$ 0.90 Diluted - net income $ 0.19$ 0.59$ 0.30$ 0.89 Weighted average number of common shares outstanding: Basic 44,040 45,544 44,484 45,813 Diluted 44,508 46,043 44,932 46,248 SMITH & WESSON BRANDS, INC AND SUBSIDIARIESCONSOLIDATED STATEMENTS OF CASH FLOWS(Unaudited) For the Year Ended April 30, 2025 2024 (In thousands) Cash flows from operating activities: Net income$ 13,425$ 41,362 Adjustments to reconcile net income to net cash (used in)/provided by operating activities: Depreciation and amortization 31,845 32,558 Gain on sale/disposition of assets (2,515) (5,595) Recoveries on notes and accounts receivable - (23) Deferred income taxes (3,032) 856 Stock-based compensation expense 7,609 5,683 Non-cash sublease income (1,724) — Other, net (73) — Changes in operating assets and liabilities: Accounts receivable 3,203 (3,896) Inventories (29,340) 16,618 Prepaid expenses and other current assets (1,287) (57) Income taxes 1,882 (2,601) Accounts payable (14,771) 18,341 Accrued payroll and incentives (8,087) (1,418) Accrued profit sharing (4,462) 895 Accrued expenses and deferred revenue (268) 3,996 Accrued warranty (434) 142 Other assets 938 (267) Other non-current liabilities (132) 145 Net cash (used in)/provided by operating activities (7,223) 106,739 Cash flows from investing activities: Payments to acquire patents and software (187) (186) Proceeds from sale of property and equipment 2,619 2,955 Proceeds from sale of intangible assets — 6,500 Payments to acquire property and equipment (21,605) (90,759) Net cash used in investing activities (19,173) (81,490) Cash flows from financing activities: Proceeds from loans and notes payable 75,000 50,000 Cash paid for debt issuance costs (941) — Payments on finance lease obligation (179) (1,378) Payments on notes and loans payable (35,000) (35,000) Payments to acquire treasury stock (25,468) (10,213) Dividend distribution (23,096) (22,020) Proceeds to acquire common stock from employee stock purchase plan 1,598 1,484 Payment of employee withholding tax related to restricted stock units (1,126) (839) Net cash (used in)/provided by financing activities (9,212) (17,966) Net (decrease)/increase in cash and cash equivalents (35,608) 7,283 Cash and cash equivalents, beginning of period 60,839 53,556 Cash and cash equivalents, end of period$ 25,231$ 60,839 Supplemental disclosure of cash flow information Cash paid for: Interest, net of amounts capitalized$ 5,193$ 4,745 Income taxes$ 7,288$ 12,662 SMITH & WESSON BRANDS, INC. AND SUBSIDIARIESRECONCILIATION OF GAAP FINANCIAL MEASURES TO NON-GAAP FINANCIAL MEASURES (Dollars in thousands, except per share data)(Unaudited) For the Three Months Ended For the Twelve Months Ended April 30, 2025 April 30, 2024 April 30, 2025 April 30, 2024 $ % of Sales $ % of Sales $ % of Sales $ % of Sales GAAP net sales $ 140,762 $ 159,148 $ 474,661 $ 535,833 Relocation— — (4,340 ) — Non-GAAP net sales $ 140,762 $ 159,148 $ 470,321 $ 535,833 GAAP gross profit $ 40,545 28.8%$ 56,502 35.5%$ 127,183 26.8%$ 158,093 29.5% Relocation expenses516 162 3,346 2,115 Settlement— — 70 3,200 Non-GAAP gross profit $ 41,061 29.2%$ 56,664 35.6%$ 130,599 27.8%$ 163,408 30.5% GAAP operating expenses $ 27,415 19.5%$ 29,495 18.5%$ 103,299 21.8%$ 110,992 20.7% Gain on sale of asset— — 2,257 — Spin related stock-based compensation— (3 ) — (13 ) Relocation expenses(26 ) 155 (612 ) (4,938 ) Non-GAAP operating expenses $ 27,389 19.5%$ 29,647 18.6%$ 104,944 22.3%$ 106,041 19.8% GAAP operating income $ 13,130 9.3%$ 27,007 17.0%$ 23,884 5.0%$ 47,101 8.8% Gain on sale of asset— — (2,257 ) — Settlement— — 70 3,200 Spin related stock-based compensation— 3 — 13 Relocation expenses542 7 3,958 7,053 Non-GAAP operating income $ 13,672 9.7%$ 27,017 17.0%$ 25,655 5.5%$ 57,367 10.7% GAAP net income $ 8,634 6.1%$ 27,335 17.2%$ 13,425 2.8%$ 41,362 7.7% Gain on sale of asset— — (2,257 ) — Settlement— — 70 3,200 Sale of intangible assets— (6,500 ) — (6,500 ) Spin related stock-based compensation— 3 — 13 Relocation expenses542 7 3,958 7,053 Tax effect of non-GAAP adjustments(169 ) 1,285 (551 ) (746 ) Non-GAAP net income $ 9,007 6.4%$ 22,130 13.9%$ 14,645 3.1%$ 44,382 8.3% GAAP net income per share - diluted $ 0.19 $ 0.59 $ 0.30 $ 0.89 Gain on sale of asset— — (0.05 ) — Settlement— — — 0.07 Sale of intangible assets— (0.14 ) — (0.14 ) Spin related stock-based compensation— — — — Relocation expenses0.01 — 0.09 0.15 Tax effect of non-GAAP adjustments— 0.03 (0.01 ) (0.02 ) Non-GAAP net income per share - diluted $ 0.20 $ 0.48 $ 0.33 $ 0.96 (a) (a) Non-GAAP net income per share does not foot due to rounding. SMITH & WESSON BRANDS, INC. AND SUBSIDIARIESRECONCILIATION OF GAAP NET INCOME TO NON-GAAP ADJUSTED EBITDAS (In thousands)(Unaudited)For the Three Months Ended For the Twelve Months Ended April 30, 2025 April 30, 2024 April 30, 2025 April 30, 2024 GAAP net income$ 8,634$ 27,335$ 13,425$ 41,362 Interest expense 1,408 1,434 7,289 4,838 Income tax expense 3,742 5,561 5,820 10,356 Depreciation and amortization 7,934 8,324 31,688 32,469 Stock-based compensation expense 1,885 1,419 7,609 5,683 Settlement — — 70 3,200 Gain on sale of asset — — (2,257) — Gain on sale of intangible assets — (6,500) — (6,500) Relocation expense 538 7 3,681 5,193 Non-GAAP Adjusted EBITDAS$ 24,141$ 37,580$ 67,325$ 96,601 Non-GAAP Adjusted EBITDAS Margin 17.2% 23.6% 14.3% 18.0% SMITH & WESSON BRANDS, INC. AND SUBSIDIARIESRECONCILIATION OF NET CASH (USED IN) / PROVIDED BY OPERATING ACTIVITIES TO FREE CASH FLOW (In thousands)(Unaudited)For the Three Months Ended For the Twelve Months Ended April 30, 2025 April 30, 2024 April 30, 2025 April 30, 2024Net cash provided by/(used in) operating activities$ 40,828$ 43,616$ (7,223)$ 106,739Payments to acquire property and equipment (7,291) (5,571) (21,605) (90,759 ) Free cash flow$ 33,537$ 38,045$ (28,828)$ 15,980 Immaterial Correction of an Error During the fourth quarter of fiscal 2025, we identified an immaterial error related to our accrual for certain legal expenses, resulting in an overstatement of general and administrative expenses in 2024 and 2025. In accordance with Staff Accounting Bulletin ("SAB") No. 99, Materiality, and SAB No. 108, Considering the Effects of Prior Year Misstatements when Quantifying Misstatements in Current Year Financial Statements, we evaluated the errors and determined that the related impact was not material to results of operations, financial position, or cash flows for any historical annual or interim period. Prior year amounts have been adjusted to reflect the immaterial correction, which (i) overstated accrued expenses and deferred revenue and general and administrative expenses by $2.3 million and (ii) understated income tax expense and overstated income tax receivable each by $548,000, in each case as of April 30, 2024 and for the year then ended. To view the source version of this press release, please visit
Yahoo
3 days ago
- Business
- Yahoo
Fed meeting, housing data, initial jobless claims: What to Watch
Here's what investors are watching on Wednesday, June 18. The Federal Reserve will release its latest interest rate decision, and Fed Chair Jerome Powell will deliver remarks. The market will get a look at the state of the housing market with fresh housing starts and building permits data for the month of May. Last week's initial jobless claims data will be released in the morning. Smith & Wesson (SWBI) and Aurora Cannabis (ACB) will release earnings results. To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here. All right, time out for what to watch Wednesday, June 18th. Starting off on the Fed, the Fed's FOMC meeting wrapping up tomorrow, culminating with its interest rate decision for June. Wall Street largely expecting the Fed to hold rates steady in June, according to the CME FedWatch tool. Fed chair Jerome Powell giving a press conference after that decision. And Yahoo! Finance will be starting coverage tomorrow at 2:00 p.m. Eastern. Moving over to housing, we'll be getting some fresh data in the morning with housing starts and building permits. Economists anticipating housing starts will decline compared to last month to an annual pace of 1.3 million, while building permits tick up to 1.43 million. And taking a look at the labor force, weekly initial jobless claims data coming out in the morning. That number's expected to fall to 245,000, signaling some more resiliency in the job market. And we'll also get some earnings tomorrow, including Smith & Wesson and Aurora Cannabis. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
3 days ago
- Business
- Yahoo
Fed meeting, housing data, initial jobless claims: What to Watch
Here's what investors are watching on Wednesday, June 18. The Federal Reserve will release its latest interest rate decision, and Fed Chair Jerome Powell will deliver remarks. The market will get a look at the state of the housing market with fresh housing starts and building permits data for the month of May. Last week's initial jobless claims data will be released in the morning. Smith & Wesson (SWBI) and Aurora Cannabis (ACB) will release earnings results. To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here. Sign in to access your portfolio
