Last week we reported that gun sales are skyrocketing in the United States. Just how good are they doing? Smith & Wesson has reported a 32% increase in the past quarter compared to last year. That’s a quarterly sales take of $143 million.
The FBI recently announced that it has conducted a record number of background checks for gun sales this year.
Smith & Wesson sales don’t include the period after last week’s terror attacks in San Bernardino, which left 14 dead.
Following high-profile shootings the sale of guns typically increases. Those sales increases are often the result of Americans attempting to secure more firearms following a call by government officials to place more strict restrictions on the sale of firearms.
Shares of Smith & Wesson have surged 116% this year, while Sturm, Ruger’s stock has climbed 66% in 2015.