Business at the gunmaker Smith & Wesson is going gangbusters.
On Monday evening, management announced that it was raising its guidance because sales had been unexpectedly strong.
According to a press release, “the sell-through rate of its products at distribution has been stronger than originally anticipated, resulting in reduced distributor inventories of its firearms.”
In other words, people are buying guns faster than merchants can restock the shelves.
Of course, this data was compiled prior to the announcement of increased restrictions on gun buying announced by the President yesterday.
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