in

Even Smith & Wesson is surprised by the red-hot demand for guns

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.

You can read the full story here:

Even Smith & Wesson is surprised by the red-hot demand for guns

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. For the three months ending January 31, it estimates that it will have $175 million to $180 million in sales, up from its earlier guidance of $150 million to $155 million.

Written by Christopher Koga

Christopher is an avid motorcycle rider who loves the freedom of the road. He also enjoys hunting, fishing, horseback riding and writing about doing all those things in both a recreational setting, and as a survivalist.

How To Cut Down A Tree With A Chainsaw

Is the Standoff On the Hammond Ranch In Oregon Really About Mineral Rights?