Smith & Wesson is proving to be a chief beneficiary of the violence and unrest plaguing the country’s big cities, as the largest US handgun maker posted record quarterly sales amid surging demand for firearms.
Gun sales in the company’s first fiscal quarter, ended July 31, jumped 141 percent from a year earlier to a record $230 million, Smith & Wesson said late Thursday. The firm also set an all-time quarterly high for guns shipped out, more than doubling to 584,000 units, as production was ramped up and inventories were drained.
Continue reading https://on.rt.com/apqd