Smith & Wesson maker says increased gun sales reported after Florida attack

By Kitco News / March 01, 2018 / www.kitco.com / Article Link

NEW YORK, March 1 (Reuters) - The chief executive officer ofAmerican Outdoor Brands Corporation , maker of Smith &Wesson guns, on Thursday said some gun retailers reportedincreased foot traffic and sales after the Florida high schoolshooting.

CEO James Debney, on a conference call with investors todiscussearnings, briefly addressed the Feb. 14 attack atStoneman Douglas High School in Parkland, Florida, which hassparked a wave of student protests and calls for gun controllegislation.

Company officials "share the nation's grief" over theshooting while reaffirming their support of firearms rights, hesaid.

Debney said that following the shooting, he heard reports of"increased foot traffic" to firearms retailers "leading to someincreased sales."In the past, fears of gun restrictions have sometimes led toincreases in gun sales after mass shootings.

Shares of American Outdoor fell 10 percent in after-hourstrading after the company reported earnings. (Reporting by Laila Kearney; Editing by Cynthia Osterman)

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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