Smith & Wesson Hits Record SalesSubmitted by emalvini on Wed, 06/26/2013 - 18:53
Smith & Wesson Hits Record Sales
Gun company cannot keep up with national demand.
June 26, 2013
Smith & Wesson finished its fiscal year with colossal profits as the demand for new firearms surges nationwide.
The storied firearms company released a yearly financial report Tuesday showing astronomical sales figures and a favorable future outlook.
Net sales for the recent fourth quarter were almost $180 million, an increase of over 37% from the same quarter last year.
For the full fiscal year, net sales reached over $587 million, an increase of over 42% compared to the previous year.