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Smith & Wesson Brands, Inc. (NASDAQ: SWBI) announced on May 3, 2021, its intent to divest the Thompson/Center Arms brand as part of its strategic focus on core operations. This decision, according to CEO Mark P. Smith, aims to enhance production capacity and profitability without workforce reductions. Although no buyer has been identified, the divestiture is not expected to significantly impact Q1 fiscal year 2022 results. The company anticipates improved margins and reduced marketing costs, positioning itself to capture greater market share in the firearm industry.
