Gun Control Activism Is Risk to Bottom Line, Gun Maker Says
- Quarterly revenue declines 25% despite ‘aggressive’ promotions
- Brief rebound fizzled after school shooting in Florida
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The maker of Smith & Wesson firearms said gun control activism poses a risk to its business, according to a company filing.
American Outdoor Brand Corp., which on Wednesday reported a 25 percent decline in fiscal fourth-quarter revenue compared with last year, listed the “actions of social activists” as a risk factor in its annual report.