Once again all the gun control talk has gun sales at unexpected levels, according to Smith and Wesson, who say their sales are simply going gangbusters:
BUSINESS INSIDER – Business at the gunmaker Smith & Wesson is going gangbusters.
On Monday evening, management announced that it was raising its guidance because sales had been unexpectedly strong.
For the three months ending January 31, it estimates that it will have $175 million to $180 million in sales, up from its earlier guidance of $150 million to $155 million. This is much higher than the $155 million expected by analysts.
According to a press release, “the sell-through rate of its products at distribution has been stronger than originally anticipated, resulting in reduced distributor inventories of its firearms.”
In other words, people are buying guns faster than merchants can restock the shelves.