Smith & Wesson’s latest quarterly report—issued last week for the three-month period ending Jan. 31—reflects a 102.2 percent increase over the same timeframe last year.
Ruger’s 2020 investment to protect its staff and their families during the pandemic came to light during the company’s Feb. 18 quarterly earnings conference.
Smith & Wesson’s quarterly report for the period that ended Oct. 31 reflected the highest earnings in any three-month period for the gunmaker, shattering all previous highwater marks, including the record-setting sales figures set only 90 days before.
Smith & Wesson, Inc., does not expect gun sales to plummet after the 2020 presidential election.
Smith & Wesson Brands, Inc., recently reported record-breaking first quarter firearms sales for 2020.
Thanks to a charged political climate and continued COVID-19 crisis, ammunition sales have continued to soar as manufacturers try to keep pace with increased demand.