Skip to content
Subscriber Only

Firearms Producers Sink

  • Ruger and Smith & Wesson’s owner tumble most since last year
  • Summer sales seen down from surge after 2016 Orlando massacre
Attendees look over hand guns in the Smith & Wesson booth on the exhibition floor of the 144th National Rifle Association (NRA) Annual Meetings and Exhibits at the Music City Center in Nashville, Tennessee, U.S., on Saturday, April 11, 2015.
Photographer: Daniel Acker/Bloomberg
Updated on

Gunmakers tumbled the most in more than six months as a surprisingly weak forecast from the maker of Smith & Wesson weapons sparked doubt that the industry could sustain its strong growth without Barack Obama as a foil in the White House.

Gun purchases climbed over the eight years Obama was in office amid fears that he would move to tighten firearm restrictions. With each mass shooting, sales spiked as people stocked up. President Donald Trump has expressed support for gun ownership and fashioned himself a champion of the Second Amendment right to bear arms, perhaps easing anxiety that the window to buy guns might close soon.