Smith & Wesson Stepping Up Production as Sales Soar 140 Percent

[L84Cabo]

Some good news I think...

Smith & Wesson Stepping Up Production as Sales Soar 140 Percent

One of the nation's largest gun makers is ramping up production after a record-breaking first quarter in 2020.

freebeacon.com

One of the nation's largest gun makers is ramping up production after a record-breaking first quarter in 2020.

Smith & Wesson, one of only two publicly traded gun manufacturers in America, reported a 140 percent year-over-year jump in gun sales between the beginning of May and the end of July. The company moved 584,000 guns in that period, an unprecedented demand that caused inventories to fall. That's why the company has doubled down on its efforts to manufacture more guns in order to meet continuing demand.

"As we've seen before during these surge periods, these results reflect that despite our record numbers in market share growth, consumer demand for our products during the quarter still exceeded our internal manufacturing capacity levels, " Mark Smith, Smith & Wesson president and CEO, told investors in a call on Thursday. "We're continuing to ramp up…. We're going to go to maximum capacity."

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[nammac]

Encouraging news for those in the market, no doubt. The bigger problem is ammo... And reloading components. One might be able to buy the firearm, but then one needs to feed it...

 

[coop44]

Damn that's a lot of guns

 

[gmerkt]

The several S&W products that I've bought in the past ten years haven't inspired confidence in the way of quality control. We can hope that stepped-up production won't aggravate this situation.

 

[gmerkt]

Knowing this, be sure you look a new one over real well before you pay for it. We can also wonder, did they increase their staffing, especially the guys who look at the gun before it goes into the box?

 

[WillametteWill]

I know their stock went up nicely during COVID and provided a nice 4 month return on investment in my portfolio (sold now).

 

[Ironbar]

Some good news I think...

Smith & Wesson Stepping Up Production as Sales Soar 140 Percent

One of the nation's largest gun makers is ramping up production after a record-breaking first quarter in 2020.

freebeacon.com

Nevermind that shift, if there's no ammo to run those guns then what's the point?

 

[WillametteWill]

Nevermind that shift, if there's no ammo to run those guns then what's the point?

I had an even better stock run with the ammo company

 

[PDXbiker]

That is a lot of metal being machined. Hopefully this doesn't mean lower quality and a mediocre product at the expense of increased/faster production.