Gun Sales Surge: Smith & Wesson Announces Sales +48%

Tyler Durden's picture




 

Via Mike Krieger of Liberty Blitzkrieg blog,

I have maintained for quite some time that the only true “consumer confidence” statistic one should look at is that of gun sales.  The bottom line is people do not hoard guns when they are confident about the future of the country, and gun sales have never been better.  More evidence emerged as Smith & Wesson just announced record financial results.  From the company’s press released announced after the market close:

Net sales from continuing operations for the second quarter were a record$136.6 million, up 48.0% from the second quarter last year.  The increase was led by continued strong sales across all of the company’s firearm product lines, including M&P™ branded products, such as pistols, modern sporting rifles, and the recently launched Shield™ pistol designed for concealed carry and personal protection.

 

Not only that, but they think the future is equally confident…for gun sales at least.

 

The company expects net sales from continuing operations for the third quarter of fiscal 2013 to be between$126.0 million and $131.0 million, which would represent year-over-year growth from continuing operations in excess of 30.0%. The company anticipates GAAP earnings per diluted share from continuing operations of between$0.19 and $0.21for the third quarter of fiscal 2013.

Perhaps this is why Bob Costas and Piers Morgan are running around the mainstream media bashing guns.  The White House is totally freaked out about this and I guarantee you there will be a meeting about these results in D.C. shortly.

Full press release here.

 

[ZH: Cue gratuitous (and infamous) Israeli gun-toting woman in bikini]

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Thu, 12/06/2012 - 19:34 | 3040938 otto skorzeny
otto skorzeny's picture

she used that gun later to shoot at some rock hurling Palestinian youths. also-S&W is garbage.

Thu, 12/06/2012 - 19:35 | 3040948 UGrev
UGrev's picture

Here we go.. 

Well.. if we're going there, I might as well start it off.  

... 

If you're gonna throw rocks in a gun fight, you deserve to be darwin'd. 

Thu, 12/06/2012 - 19:39 | 3040962 economics9698
economics9698's picture

S&W puts out a good product.  I have owned some and after a couple of hundred rounds have never had a misfire.

Thu, 12/06/2012 - 19:57 | 3041012 smlbizman
smlbizman's picture

....even after she put a few in me...i'd still do her....

Thu, 12/06/2012 - 20:02 | 3041026 The Alarmist
The Alarmist's picture

Put out or shoot out, eh?

Thu, 12/06/2012 - 20:32 | 3041117 Supernova Born
Supernova Born's picture

I see 4 buns in need of my dog.

Thu, 12/06/2012 - 21:00 | 3041215 Slewburger
Slewburger's picture

But is it kosher?

Thu, 12/06/2012 - 21:06 | 3041232 HungryPorkChop
HungryPorkChop's picture

Double dare:  Ask if you can fill up her clip. 

Thu, 12/06/2012 - 23:01 | 3041514 francis_sawyer
francis_sawyer's picture

Chicks with dicks... [There's a reason they're photographed from behind]...

Thu, 12/06/2012 - 23:22 | 3041570 Rubbish
Rubbish's picture

I have thousands of rounds thru my S&W model 439 and never a misfire or ejackulate problem. I double tap with the best of em.

Fri, 12/07/2012 - 00:30 | 3041677 TruthInSunshine
TruthInSunshine's picture

I hate using anecdotal examples to further my thoughts, and so I typically (hopefully almost never) do not.

I just want to say that the absolute boom in firearm sales is not the least bit surprising me as it serves as further evidence of psychological insecurity by the populace. People not only believe that they'd better take matters into their own hands, big and small, as they watch deterioration all around their communities and neighborhoods.

I travel to about 7 states on at least a semi-regular basis, and since doing so, with the possible exception of the talking point "bottom" of the approximate period of 2008 to 2009, in every one of these state I travel to, with the exception of one (California, and that's only because I am really only in La Jolla and San Diego area when I'm there, which even though it took a body blow, is somewhat "sunny" if even in a transparently hollow sense), I've never seen stores so empty, people so melancholy, and such an overall degree of melancholy and seeming resignation.

I think we're in a true depression that's getting worse. I wouldn't be surprised if U3 if accurately measured (the methodology is deeply flawed) exceeds 15% and U6 (again, employing a more accurate methodology of capturing true underemployment) exceeds 25% (to put my admittedly SWAG into perspective, that would significantly exceed Shadow Government Statistics figures).

I have a sense of foreboding right now that I've never had before, not even during the 5% intraday meltdowns in the equity indexes back in 2008 (there was a sense of acute crisis back then, but now it's more akin to a sense of permanent and broader economic hopelessness).

Fri, 12/07/2012 - 01:14 | 3041745 Bad Attitude
Bad Attitude's picture

Besides gun sales, look at the booming sales in other preparedness products. People are stocking up on food and emergency supplies. Preparedness web sites and blogs are proliferating.

Anybody who isn't drinking the Dear Leader Kool-Aid knows that the economy is not doing well and is getting worse. They are personally seeing a growing discrepancy between the rosy economic news reported in the main-stream-media and what they see with their own eyes.

People also see how Dear Leader is stoking division - racial, economic, gender, etc. They know this division is not healthy for the country.

Beans, bullets, and bandages, bitchez!

Fri, 12/07/2012 - 01:22 | 3041750 RockyRacoon
RockyRacoon's picture

Sure, many folks might be prepping, but the sheer volume of the Walmart Horde could overrun any compound -- any day of the week.  If they'll crawl all over each other, threaten to shoot each other, and gouge out each other's eyes on Black Friday, imagine what they'll do to get access to your stashed food.  Hunger trumps Chinese chotchkies every time.  Got enough ammo?  How's your aim?

Fri, 12/07/2012 - 01:45 | 3041773 ironsky
ironsky's picture

A few turkey fryers might come in handy for boiling oil.

Fri, 12/07/2012 - 15:18 | 3043566 The Alarmist
The Alarmist's picture

You might need that oil to run the generator.  BTW, make sure you buy a diesel generator.

Fri, 12/07/2012 - 06:53 | 3041957 Ginsengbull
Ginsengbull's picture

Just don't let anyone know that you have food.

 

The best prepper, is the one that's not on the tv show.

Fri, 12/07/2012 - 10:00 | 3042295 N. B. Forrest
N. B. Forrest's picture

Where I come from it's the WalMart crowd that has the guns.  I think you need to specify which "Walmart Horde" you are talking about.  The Walmart hordes in the red states keep guns and hate the feds as much as anyone on this site.  So I assume you are talking about the Long Island Walmart folks. 

Fri, 12/07/2012 - 10:00 | 3042296 N. B. Forrest
N. B. Forrest's picture

Where I come from it's the WalMart crowd that has the guns.  I think you need to specify which "Walmart Horde" you are talking about.  The Walmart hordes in the red states keep guns and hate the feds as much as anyone on this site.  So I assume you are talking about the Long Island Walmart folks. 

Fri, 12/07/2012 - 15:06 | 3043529 Kobe Beef
Kobe Beef's picture

Dear Rocky,

IEDs. We're not fucking around anymore.

Cheers,

Beef

Fri, 12/07/2012 - 10:44 | 3042496 MachoMan
MachoMan's picture

I think the increase in gun/ammo sales is mostly explained through a desperate attempt at get rich quick speculation by the herd (obama will ban gun X, therefore I must buy gun X) and, even if a failed endeavor, still provides a modest inflationary hedge.  For many parts of the country, guns and ammo are already a currency of sorts...  

The real thing to watch for actual buy-in will be the number of people that make lifestyle changes and learn skills necessary to be independent of the system/grid.  In other words, "prepping" entails a knee jerk reaction to perceived threats, however changing one's lifestyle to be able to independently provide the same items purchased through "prepping" is a totally different ballgame.  We've got plenty of preppers (in this case, the kissing cousins of mall ninjas), but we have a much smaller number of people actually learning the skills necessary to sustain themselves.  Better than nothing I guess, although most are getting taken for a ride with the quality of the prepping products (anything worth a damn is not the least bit affordable for most people). 

Thu, 12/06/2012 - 20:04 | 3041030 Muppet Pimp
Muppet Pimp's picture

Glad to see that you are on the right side of this MK.  I had read some of your stuff earlier on that had me concerned.  It is difficult for us all to discern the truth in a world of lies, sorry for doubting you.  I have re-bookmarked your page.  Thank you for your service sir.

Thu, 12/06/2012 - 21:24 | 3041268 Ookspay
Ookspay's picture

I'd dive into that foxhole.

Thu, 12/06/2012 - 20:06 | 3041041 DoChenRollingBearing
DoChenRollingBearing's picture

at economics9698

My ¨next gun¨ (Xmas present) will be a Springfield .308 w/ scope...

Thu, 12/06/2012 - 21:55 | 3041349 AmCockerSpaniel
AmCockerSpaniel's picture

Mine is a M1A, like the M14 I carried in Nam. The only issue I had with the M14 was it was totally NOT suited for night fighting, as one can not aim in the dark, and all fighting is less than 100 yards (100% of all I did). A semi-auto 12 ga. would have been the best choice (the right tool for the job). But the army knows best.

Fri, 12/07/2012 - 01:39 | 3041754 RockyRacoon
RockyRacoon's picture

12 guage?  No problem.

Only one choice for me:  Saiga 12

Plated 00 buck or slugs.

Take a look at this penetration with plated buckshot.  An easy twofer if you can get 'em to line up!

Fri, 12/07/2012 - 03:01 | 3041838 Rogue Trooper
Rogue Trooper's picture

No arguments fellas ... good choices they are - it's always a compromise.

I would add the Roni pistol-carbine to your Glock.  I like .45 but I am going all in 9mm: plus 12 guage and .308.

In light of the 'front page' drone article... perhaps a shortwave radio will prove useful.

Over and out...

/John Connor

 

Fri, 12/07/2012 - 04:20 | 3041880 ebworthen
ebworthen's picture

Nice!

Fri, 12/07/2012 - 06:48 | 3041953 Ginsengbull
Ginsengbull's picture

Wouldn't you prefer an AA-12?

Sat, 12/08/2012 - 23:22 | 3046379 RockyRacoon
RockyRacoon's picture

It's classified as a Destructive Device and not made in semi-auto.  I might as well ask Santa for a tank.

Fri, 12/07/2012 - 08:46 | 3042059 stant
stant's picture

amen brother, that was mine last xmas

Fri, 12/07/2012 - 11:05 | 3042579 Chaos_Theory
Chaos_Theory's picture

Mine is a 300 AAC BLK upper and then the silencer, as well as a Remington 700 AAC-SD in .308

 

Thu, 12/06/2012 - 21:43 | 3041325 aerojet
aerojet's picture

When did you own these firearms?  Quality control is off a lot recently.

Thu, 12/06/2012 - 23:24 | 3041575 economics9698
economics9698's picture

I got a couple in 2008 and 2009.  Both did well after 200 rounds.  At first I got some jams and was worried but after a few boxes they work great. 

I clean them and keep them oiled.  

They are good value for the dollar guns.

Thu, 12/06/2012 - 23:03 | 3041524 Stoploss
Stoploss's picture

Nice.. Supressed.. See? I told ya, the ladies love 'em!!

Relax, there's no clip in it.

Beats the shit out of a gold necklace.

Isreal ladies know how to get a man's attention.

OOh Sexy Lady..

Fri, 12/07/2012 - 00:31 | 3041691 UP Forester
UP Forester's picture

The clip is still in the cardboard box, which is still in the ammo can.

As for the magazine, I don't know where that is, either.

Fri, 12/07/2012 - 01:41 | 3041766 RockyRacoon
RockyRacoon's picture

My pet peeve as well.  I cringe when the haters use the term wrong.

Clip vs. Magazine: A Lesson in Firearm Terminology
Thu, 12/06/2012 - 19:40 | 3040964 otto skorzeny
otto skorzeny's picture

I'm sure that if you ask the Israelis will allow you to open a gun shop in the Gaza strip/sarc. Kind of like the US govt. would allow you to sell guns to the public if there were no 2nd amendment-right?

Thu, 12/06/2012 - 19:45 | 3040982 Ima anal sphincter
Ima anal sphincter's picture

Well.....you succeeded in following up your first dumb-ass comment with an even dumber one.

I wonder what group of assholes you belong to. Oh...that wasn't very hard to figure out.

Thu, 12/06/2012 - 20:18 | 3041066 RacerX
RacerX's picture

I knew it! I'm surrounded by assholes!

http://youtu.be/sen8Tn8CBA4

Thu, 12/06/2012 - 20:56 | 3041201 Pooper Popper
Pooper Popper's picture

Sounds like my kind of party!

Thu, 12/06/2012 - 21:00 | 3041209 cranky-old-geezer
cranky-old-geezer's picture

 

 

Biggest epiphany of my life was admitting I'm an asshole. Like a big weight lifted off my shoulders.

Amazing how when you admit it, everybody turns supportive suddenly.  "No you're not, don't be so hard on yourself." 

Well, ok, but I felt free after admitting it, happy, elated :)

Oh, nice cover photo too :)

Thu, 12/06/2012 - 21:56 | 3041287 Ookspay
Ookspay's picture

Me too geezer. But;

 

Were you born an asshole or did you work at it your whole life, either way you look at it your an asshole tonight. : )

Thu, 12/06/2012 - 22:26 | 3041401 cranky-old-geezer
cranky-old-geezer's picture

 

 

Nobody is born an asshole, and it's not hereditary either (no behavor is hereditary).  So it must be environmental, in my case a very insecure father who compensated by being distant argumentative and controlling  ...an asshole himself.

"the sins of the fathers will be visited on the children unto the third and fourth generation"

...unless somebody in that chain breaks the "curse", and the first step toward breaking it is admitting it, even late in life.  Better late than never.

Thu, 12/06/2012 - 23:23 | 3041561 Ookspay
Ookspay's picture

Good to hear Cranky, Break that cycle. IMHO anger is always the key to assholes. There are very few things worth getting angry about. I too am a recovering asshole, who lapses from time to time, lol! Peace.

My reference, Jimmy Buffett

http://www.youtube.com/watch?v=f5TV4tmbjbE

Fri, 12/07/2012 - 01:23 | 3041752 Bad Attitude
Bad Attitude's picture

Nobody is born an asshole...

I respectfully disagree. I was a breach birth - I came out asshole first.  :-)

 

Fri, 12/07/2012 - 01:43 | 3041769 RockyRacoon
RockyRacoon's picture

When you start out your day and meet three assholes in a row, you might want to reconsider which of the four is the actual asshole?

Thu, 12/06/2012 - 22:35 | 3041461 Harbanger
Harbanger's picture

"Amazing how when you admit it, everybody turns supportive suddenly. "No you're not, don't be so hard on yourself."

Well, ok, but I felt free after admitting it, happy, elated :)"

You can only change if you admit it to yourself, admitting you're an asshole to other people is just being manipulative.  So you got the expected "aaw, no you're not", response.  It doesn't mean you're not still an asshole.

Fri, 12/07/2012 - 00:12 | 3041670 cranky-old-geezer
cranky-old-geezer's picture

 

 

My bible says confession is the first step toward repentance (which means changing). 

But fake confession isn't confession.  Sounds like you're implying all confession is fake.  Maybe a lot of it is.  But not all of it. 

There's one way to tell.  If the mental weight comes off, as I mentioned, then it's real confession. 

Confession doesn't mean change will occur necessarily.  But it's required for change to occur.

Fri, 12/07/2012 - 00:35 | 3041697 Harbanger
Harbanger's picture

"My bible says confession is the first step toward repentance"  No it doesn't, that's a English proverb.  Your Bible says you need to repent to God, it doesn't say you should confess to your friends, and especially not to your priest.

Fri, 12/07/2012 - 01:29 | 3041755 cranky-old-geezer
cranky-old-geezer's picture

 

 

"Confess your faults one to another ..."   James 5:16

There, you stupid dumbass moron "chirstian".

Damn you idiots make me sick.

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