Under the eight years of Barack Obama’s tenure in the White House, firearm sales have sky rocketed as many Americans feared his anti-Second Amendment agenda.
After soaring demand during the Obama years, Smith & Wesson Holding is bullish on the outlook for firearms sales under a Trump presidency and the gunmaker’s CEO insists they don’t see any slowdown ahead.
“What we saw in mix for Black Friday was very encouraging,” said Smith & Wesson CEO James Debney during the company’s fiscal second-quarter earnings conference call after the market close. “We see what’s shaping up to be a good environment at retail.”
Smith & Wesson’s second-quarter earnings per share were 68 cents per share, ahead of analysts’ average estimate of 57 cents. But the company’s fiscal third-quarter guidance was seen as below the Street and contributed to the stock falling as much as 6 percent in after-hours trading Thursday.