Gun Sales During the Last Year

TerryMiller

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Smith & Wesson - First Time Gun Buyers Drive 102% Sales Jump

"Firearms sales continued to be a sector that has not sagged during the pandemic with Springfield, Massachusetts-based gun manufacturer Smith & Wesson reporting a 102% sales jump in its fiscal third quarter to $257.6 million, compared with $127.4 million during the same period a year ago.

The company attributed the dramatic sales increase to a rise in first-time gun buyers.

"Over the past year, millions of our fellow Americans from all walks of life have chosen to empower themselves by exercising their 2nd Amendment rights for the first time," President and Chief Executive Officer, Mark Smith, said in Thursday's earnings release. "Our loyal employees have risen to the challenge – delivering over 1.8 million units in the first three quarters of our fiscal year alone, ensuring that these new members of the shooting sports community were able to choose the highest quality, innovative firearms that Smith & Wesson has been known for since 1852."
 
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