Is This the Good News the Firearms Industry Was Waiting For?
Smith & Wesson owner American Outdoor Brands (NASDAQ: AOBC) reported earnings recently, and considering the state of the firearms industry, and Sturm, Ruger's (NYSE: RGR) report at the end of October, no one was expecting a great report.
CEO James Debney noted "challenging market conditions" in a press release and a decline from the previous year, "when we believe strong consumer demand was driven by personal safety concerns and pre-election fears of increased firearm legislation."
Yet as glum as things might seem, the FBI's report on background checks on Black Friday could be just the thing that heralds the shot in the arm the gun industry needs.
Source: Fool.com
