Smith & Wesson announces record sales

Via Don

 

Smith & Wesson has announced record sales for its most recent quarter.

Net sales from continuing operations for the second quarter were a record $136.6 million, up 48 percent from the second quarter last year, according to a news release issued this week.

It was the second consecutive quarter of record sales.

The company employs more than 1,200 workers at its factory and headquarters on Roosevelt Avenue.

Federal background checks for gun purchasers were up over Black Friday. Many observers say that's because gun buyers fear that a re-elected President Barack Obama will impose more gun restrictions. But Smith & Wesson has pointed to a long-term upward trend in gun ownership driven by people wanting to get into shooting as a sport and a hobby.

Smith & Wesson said the increase was led by continued strong sales across all of the company's firearm product lines, including M&P-branded products, such as pistols, modern sporting rifles and the recently launched Shield pistol designed for concealed carry and personal protection.

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