Smith & Wesson Posts 48% Increase In Second Quarter Sales As Demand Surges For All Firearm ProductsSubmitted by emalvini on Fri, 12/07/2012 - 21:37
Smith & Wesson Posts 48% Increase In Second Quarter Sales As Demand Surges For All Firearm Products
By Gregory Gwyn-Williams, Jr.
December 7, 2012
U.S. firearms manufacturer Smith & Wesson reported a 48 percent increase in sales in its announcement of the company's second-quarter financial results for fiscal year 2013.
The company's press release read:
"Net sales from continuing operations for the second quarter were a record $136.6 million, up 48.0% from the second quarter last year. The increase was led by continued strong sales across all of the company's firearm product lines."
As CNSNews.com previously reported, gun sales have surged since the reelection of Barack Obama, reaching an all-time single day record on Black Friday this year with 154,873 background checks completed by the FBI.