Hot Topics :
gun-shopping

Holiday Shoppers Line Up to Buy Guns After Trump Win

by Matthew Rocco | FoxBusiness.com  |  Published on December 5, 2016

Gun sales are off to a hot start to the holiday shopping season, bucking expectations for softer demand in the wake of Republican victories on Election Day.

The FBI processed 2.56 million background checks in November, easily setting a record for the month and pushing 2016 to a new all-time high. In second-quarter earnings released on Friday, Smith & Wesson (SWHC) said Black Friday deals fueled sales of handguns and rifles at the end of November.

Adjusted background checks, which exclude non-purchasing activity such as permit applications, were up slightly over Black Friday in 2015. For all of November, background checks were up 16% year-over-year on an adjusted basis.

Smith & Wesson CEO James Debney added that holiday shopping trends bode well for the industry heading into December and the new year.

“We’re pleased to see the consumer for firearms is still out there strongly on Black Friday looking for a deal. It’s obvious that firearms have become mainstream in terms of entering the basket of goods that consumers expect to see a deal on when they’re shopping at retail on Black Friday,” Debney said on a conference call with analysts. “We see what’s shaping up to be a good environment at retail.”

Subscribe to Firearms & Freedom

Get your daily dose of news & info from Firearms & Freedom

Sign up to Firearms & Freedom for FREE and receive our daily emails.

Freedom to Carry – Protect your 2nd Amendment

In a world bent on squashing our freedom and taking our guns, Firearms & Freedom cuts through the chatter to bring you news you need to know about to stay safe and in control of your second amendment. Join over 1,000,000 subscribers to receive a dose of freedom delivered right to your inbox.

We know how important your privacy is and your information is SAFE with us. We’ll never sell
your email address and you can unsubscribe at any time directly from your inbox.
View our full privacy policy.