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US Rush for Guns Boosts Smith & Wesson's Sales, Profit

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  • US Rush for Guns Boosts Smith & Wesson's Sales, Profit

    Amid talks of tighter gun control and a series of tragic shootings, a pickup in demand for firearms is expected to drive double-digit gains in both sales and profits for Smith & Wesson's fiscal first quarter.

    After seeing slower demand in May, "The past two months have seen a dramatic surge in U.S. firearms sales, particularly in rifles," Wunderlich Securities analyst Rommel Dionisio said in a research note.

    Adjusted gun background checks, frequently used as a proxy... [CNBC (USA), via GunPolicy.org]

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