{"id":68609,"date":"2016-06-17T09:32:53","date_gmt":"2016-06-17T13:32:53","guid":{"rendered":"http:\/\/www.businesspundit.com\/?p=68609"},"modified":"2016-06-17T09:32:53","modified_gmt":"2016-06-17T13:32:53","slug":"smith-wesson-gun-sales-are-up-22-percent-06-2016","status":"publish","type":"post","link":"https:\/\/www.businesspundit.com\/smith-wesson-gun-sales-are-up-22-percent-06-2016\/","title":{"rendered":"Smith & Wesson gun sales are up 22%"},"content":{"rendered":"

\"Smith<\/p>\n

Smith & Wesson is breaking records as Americans continue to buy an increasing number of guns.<\/p>\n

The company on Thursday reported a 22.4% annual increase in firearm sales.<\/p>\n

Smith & Wesson executives also projected robust sales growth for the next 10 months.<\/p>\n

Shares of Smith & Wesson jumped by about 7% in after-hours trading after the report was released.<\/p>\n

That follows a volatile few days for the gun manufacturer’s stock, which initially jumped after the deadliest mass shooting in U.S. history that left 49 victims dead at an Orlando gay club.<\/p>\n

Smith & Wesson’s report included sales in the three months through April 30.<\/p>\n

Gun sales typically increase after a mass shooting. Smith & Wesson’s quarterly sales jumped 61.5% after the San Bernardino shooting in December. Pro-gun advocates often rush out to purchase firearms as they fear gun restrictions will take away their right to own certain weapons.<\/p>\n

Jeff Buchanan, CFO of Smith & Wesson, explicitly told investors the company does not alter its guidance based on political rhetoric or anticipated legislation.<\/p>\n

Buchanan instead attributed their favorable forecast to “product innovation in the firearm and accessories division.”<\/p>\n","protected":false},"excerpt":{"rendered":"

Smith & Wesson is breaking records as Americans continue to buy an increasing number of guns. The company on Thursday reported a 22.4% annual increase in firearm sales. Smith & Wesson executives also projected robust sales growth for the next 10 months. Shares of Smith & Wesson jumped by about 7% in after-hours trading after […]<\/p>\n","protected":false},"author":48,"featured_media":68610,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[8941,25,26,8281],"tags":[9267,14,11298],"class_list":{"0":"post-68609","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-defense","8":"category-business","9":"category-finance","10":"category-markets","11":"tag-gun-sales","12":"tag-guns","13":"tag-smith-wesson"},"acf":[],"wps_subtitle":"","_links":{"self":[{"href":"https:\/\/www.businesspundit.com\/wp-json\/wp\/v2\/posts\/68609","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.businesspundit.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.businesspundit.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.businesspundit.com\/wp-json\/wp\/v2\/users\/48"}],"replies":[{"embeddable":true,"href":"https:\/\/www.businesspundit.com\/wp-json\/wp\/v2\/comments?post=68609"}],"version-history":[{"count":1,"href":"https:\/\/www.businesspundit.com\/wp-json\/wp\/v2\/posts\/68609\/revisions"}],"predecessor-version":[{"id":68611,"href":"https:\/\/www.businesspundit.com\/wp-json\/wp\/v2\/posts\/68609\/revisions\/68611"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.businesspundit.com\/wp-json\/wp\/v2\/media\/68610"}],"wp:attachment":[{"href":"https:\/\/www.businesspundit.com\/wp-json\/wp\/v2\/media?parent=68609"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.businesspundit.com\/wp-json\/wp\/v2\/categories?post=68609"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.businesspundit.com\/wp-json\/wp\/v2\/tags?post=68609"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}