Booming Gun Sales: Smith & Wesson Sees Sales Double From Last Year

Springfield, Mass.-based Smith & Wesson is being directly targeted by state lawmakers, who seek to ban the production of AR-15 and similar semi-automatic black guns – the dubiously described “assault weapons.” President Joe Biden has also taken aim at gun makers, suggesting that laws be changed so that the companies can be sued when their products are used in a crime.

That would be enough to give a firearms industry executive some serious headaches and likely result in some sleepless nights.

But these are actually the boom times for Smith & Wesson.

Last month the company reported record sales for the latest quarter, selling more than 600,000 firearms and accessories – more than a quarter of a billion dollars worth of products. That actually represented a doubling of sales from a year ago, and it was Smith & Wesson’s third consecutive record-breaking quarter.