Regardless of what Josh Sugarman if the Violence Policy Center claim it appears as though gun companies are doing well. As Sebastian points out Smith and Wesson may appear to not be doing so well but it isn’t due to firearms:
Now to be fair, it wasn’t Smith & Wesson’s firearms division that misfired. In fact, revenue from the company’s primary division climbed to $79.2 million from $74.7 million a year earlier. The drag on Smith came from its perimeter security division, which saw a 38% drop in revenue as businesses and the government spent less on its perimeter security systems.
Oh and Ruger appears to be pretty happy as well:
In the case of Sturm Ruger, makers of the Ruger brand pistols, rifles and shotguns, the company has hit the earnings bullseye. In February, it posted fourth-quarter earnings of 30 cents a share on strong sales of $64.1 million. Both top- and bottom-line numbers bested Wall Street expectations.
And here Josh Sugarman promised all this anti-gunner buddies that the firearms industry was failing.