Smith & Wesson sales surged during the same quarter as the San Bernardino mass shooting. Sales of handguns used in self defense were a particular standout.
The gunmaker reported an increase of 61.5% in the three months that ended January 31, compared to the same period the year before. Profits also increased dramatically.
Smith & Wesson’s financial performance bears out a pattern: Gun sales time and again jump following mass shootings and other high-profile incidents of violent crime — and the specter of gun control that often follows.
On December 2, 14 people were gunned down in San Bernardino, California. A month later, President Obama announced a series of new executive actions intended to address gun violence.
“Smaller handguns designed for concealed carry and personal protection are still very, very popular with the consumer here in the U.S.,” Smith & Wesson () CEO James Debney said Thursday night in a conference call with industry experts.
Read more: CNN
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