The economy may be tanking, but there are still bright spots!
As firearms expert and The Reload founder Stephen Gutowski explains, the gun industry is booming:
Smith & Wesson's sales are up 100% over the past year. They've expanded production by 60% and hired 300 new employees. https://t.co/pzPglUgpxM
— Stephen Gutowski (@StephenGutowski) June 29, 2021
Americans really, really want guns. And ammo:
Related question: Why is it that ammunition production seemingly doesn't meet market demand as effectively as firearm production?
— Mathias McCauley (@MccauleyMathias) June 29, 2021
That's a really good question. I don't have a great answer. Gun makers have struggled to meet demand too. Smith & Wesson said they only have a week's worth of distribution inventory right now. But they do seem to be doing a little bit better than ammo makers.
— Stephen Gutowski (@StephenGutowski) June 29, 2021
Yes, the availability (and, thus, pricing) of ammo right now is difficult to understand. Just use a standard reply for all durable goods, I suppose…high market demand, materials supply disruption(s), and labor shortage.
— Mathias McCauley (@MccauleyMathias) June 29, 2021
Yea, those are accurate. https://t.co/ikKW1DjRQI
— Stephen Gutowski (@StephenGutowski) June 29, 2021
Gun and ammo manufacturers are definitely staying busy.
The gun company paid off all it's debt and was able to pay out a dividend for the first time. https://t.co/pzPglUgpxM
— Stephen Gutowski (@StephenGutowski) June 29, 2021
It's not just Smith & Wesson either. “I think every manufacturer right now is benefiting from this outsized level of demand that we’re witnessing,” Mark Oliva, a National Shooting Sports Foundation spokesman, told @TheReloadSite. https://t.co/pzPglUgpxM
— Stephen Gutowski (@StephenGutowski) June 29, 2021
Ruger saw a 50% sales increase year over year in its last quarter. Top ammo manufacturers Olin and Vista have seen about a 4-fold increase in their stock value the past year. And there's no sign things are slowing down yet. https://t.co/pzPglUgpxM
— Stephen Gutowski (@StephenGutowski) June 29, 2021
Check out the full piece for more details: https://t.co/pzPglUgpxM
— Stephen Gutowski (@StephenGutowski) June 29, 2021
You genuinely love to see it.
https://t.co/58iQCNtjw2 pic.twitter.com/MdBWBoMdtv
— Thumperella 5×5 (@17donttread76) June 29, 2021
— Stephen L. Miller (@redsteeze) June 29, 2021
USA USA USA!
— avran (@avran) June 29, 2021
🇺🇸🇺🇸🇺🇸 https://t.co/QeYGM7cYve
— Jessa G. (@SweetGaelicGirl) June 29, 2021
🇺🇸🇺🇸🇺🇸🇺🇸 https://t.co/yzIsVrmzBi
— . (@crawfishloving) June 29, 2021
— Rob (Fully UNvaccinated) (@Rob52839223) June 29, 2021
Hell yeah!
Well what do you know, @JoeBiden IS creating good jobs! Congratulations, Mr. President. https://t.co/UoAIVqu67m
— Doug Powers (@ThePowersThatBe) June 29, 2021
Hey, look at that. Joe Biden is creating jobs after all. https://t.co/pKHguDyXQ1
— Stephen L. Miller (@redsteeze) June 29, 2021
Looks like we owe him an apology.
— Prison Mitch (@MidnightMitch) June 29, 2021
— MotMemes (@motmemes) June 29, 2021
One last thing before we go:
And sign up for @TheReloadSite's free weekly newsletter to get more original reporting on the gun business, gun culture, and gun politics. No BS. No noise. Just news. https://t.co/cNu9RFsQzd
— Stephen Gutowski (@StephenGutowski) June 29, 2021