Winchester ammo sales first quarter 2021

[Lennie]

Last week Olin (NYSE: OLN) reported its Winchester brand of ammunition saw sales more than double for the first quarter while segment earnings surged eight-fold.

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[Certaindeaf]

Last week Olin (NYSE: OLN) reported its Winchester brand of ammunition saw sales more than double for the first quarter while segment earnings surged eight-fold.

It makes perfect sense, my Sparta kick can do only so much.

 

[Knute]

Glad to have helped

 

[2ndtimer]

"Last week Olin (NYSE: OLN) reported its Winchester brand of ammunition saw sales more than double for the first quarter while segment earnings surged eight-fold."

I hope these public disclosures put to rest some of the "ammo manufacturers are withholding product to drive the prices up" conspiracy theorists post so frequently.

 

[P7M13]

It makes perfect sense, my Sparta kick can do only so much.

Yeah, but your thrust is much more decisive....

 

[Certaindeaf]

Yeah, but your thrust is much more decisive....

 

[Greenbug]

So the sales doubled, and the earnings went up eight fold?
Guess we know where the money is going on all the ammo price increases.

 

[arakboss]

So the sales doubled, and the earnings went up eight fold?
Guess we know where the money is going on all the ammo price increases.

Exactly and when they say sales doubled I think they mean in dollars not in quantity of cartridges. That would explain how earnings went up eight fold.

 

[The Heretic]

So the sales doubled, and the earnings went up eight fold?
Guess we know where the money is going on all the ammo price increases.

Not all of it. I am sure that major percentages of the increases are retail and the various tiers of distributors, not just the manufacturers.

 

[2ndtimer]

Exactly and when they say sales doubled I think they mean in dollars not in quantity of cartridges. That would explain how earnings went up eight fold.

It might also indicate that in the previous year they had to cut prices in order to move an oversupply of stock due to reduced demand, at least in the early part of the year. Later in the year they might well have been impacted by supply chain issues due to COVID shut downs.

 

[The Heretic]

It would be interesting to see their production numbers by caliber.