While U.S. President Donald Trump’s vow to “totally” protect the Second Amendment has eased gun owners’ worried minds, his lax stance on firearms is causing a negative impact on the outdoor retail industry. The F.B.I. said it conducted 2.23 million background checks in February, representing a 14% decline from February 2016.
Category: Guns
Is Vista Outdoor Inc a Sell After Its Huge Earnings Miss?
On Thursday, the company reported its third fiscal quarter earnings, and its stock promptly became one of the single biggest decliners on the New York Stock Exchange.Here’s how the news went down. For its fiscal 2017 third quarter , Vista reported quarterly sales of $654 million, up 10% year-over-year thanks to acquisitions that topped off the revenue stream — “organic” sales declined 5%.
Was This American Outdoor Brands’ Biggest Mistake in 2016?
In fact, the firearms maker and outdoor equipment supplier was pretty much on point all year long. As Americans flocked to gun stores in 2016, logging yet another record year for FBI NICS firearm background checks, the company enjoyed strong growth with revenue up over 50% year-over-year in the first half of fiscal 2017.
4 Reasons American Outdoor Brands Corp Stock Could Fall
Even though the stock is down just 2% over the past year, it’s lost about a quarter of its value since the election and plunged more than 35% from its 52-week high. As bad as that is, things can get worse.
Is This President Obama’s Parting Shot at Gun Owners?
With just weeks to go in his administration, President Obama will see finalized a rule he pushed for three years ago to deny certain Social Security benefits recipients the right to purchase firearms, a sweeping denial of Second Amendment rights that has critics in an uproar. The rule would have the Social Security Administration feed into the national background check system its information on people getting disability benefits who have a mental health issue.
The 5 Best-Selling Handguns in America All Have 1 Thing in Common
You can argue over which brand of handgun you like, but when it comes to features, there is little room for argument. Most shoppers are looking for a gun that is compact, lightweight, and accurate.