Gun Sales Continue Surge | Beaufort County Now | Stephen Gutowski of the Washington Free Beacon documents another record for American gun sales. | john locke foundation, gun sales, guns sales surge, record gun sales, august 5, 2020

Coronavirus Disease 2019 (COVID-19)

Gun Sales Continue Surge

Publisher's note: The author of this post is Mitch Kokai for the John Locke Foundation.

    Stephen Gutowski of the Washington Free Beacon documents another record for American gun sales.

  • One of the country's leading gun makers saw earnings triple as gun sales once again shattered previous records for the month of July.
  • July 2020 saw an estimated 1,795,602 gun sales-a new record and an increase of 133 percent over July 2019, according to a Washington Free Beacon analysis of FBI data. July is the fifth consecutive month to set a gun-sales record. Chris Killoy, chief executive officer of Sturm, Ruger & Company, said the current spike in sales is unlike anything he has ever seen. The buying spree shows no signs of slowing down and heavy demand will "sustain itself" into the fall, Killoy predicted.
  • "Having been in this industry for 30 years, I saw the surge in 1994 before the assault weapons ban took place," Killoy told investors on Thursday. "This is probably the strongest level of demand that I've seen. One of the most significant differences is how it has impacted all levels of the channel and the impact on inventory at all levels."
  • The spike in FBI background checks and coinciding earnings at the gun-industry giant indicate an explosion of new gun ownership as Americans deal with the coronavirus outbreak and national unrest. FBI background checks indicate 2020 has now seen at least 10 million guns sold-many to first-time buyers and minorities.
  • Sturm, Ruger & Company announced in its quarterly earnings call on Thursday that net sales had moved from $210,367,000 in the first six months of 2019 to $253,903,000 during the same period in 2020. That equated to diluted earnings per share of $1.06 in 2020 compared with $.36 in 2019-a threefold increase.
  • Smith & Wesson Brands Inc. reported a similar profit jump in June. Net sales for the company jumped 32.9 percent from $175.7 million in the fourth quarter of 2019 to $233.6 million in 2020. ...
  • ... Killoy said the surge in sales reflected Americans' concerns over current events.



HbAD0

Latest Op-Ed & Politics

The year ended with a record-breaking $3.1 trillion deficit and, as usual, the U.S. government managed to blow tens of billions on a myriad of wasteful projects that should provoke outrage among tax-paying Americans.
Sherry-Lynn Womack finds herself in the proverbial hot water. Her crime? Womack went up to Washington, D.C., for the rally for Donald Trump on Jan. 6.
House Speaker Nancy Pelosi (D-CA) will deliver an article of impeachment against former President Donald Trump to the Senate on Monday, Senate Majority Leader Chuck Schumer announced Friday.
Protecting the Club is more important than standing on principle
It’s so easy to let jealousy trump good sense. I think that’s what a ‘wealth tax’ is all about.
In this installment, we will discuss the "controversial" Gospel of Judas and how it can be used to decipher cryptic messages made by actors portraying the role of "Judas" in the current political arena..
The North Carolina Council on Health Care Coverage held its last meeting today to finalize principles to help guide Governor Roy Cooper and legislative leaders as they consider options to increase affordable and comprehensive health coverage for North Carolinians.

HbAD1

At the Request of President Biden, Acting Secretary of Education Will Extend Pause on Federal Student Loan Payments
She's impressive and hopefully isn't finished in public service.
Chicago prosecutors say 36-year-old Aditya Singh lived in the city’s O’Hare International Airport for three months to avoid flying home to Los Angeles, California, amid the coronavirus pandemic.
Are you spending your precious time wisely, or are you a pawn, an infinitesimal cog, in someone else's Global Plan?
As of Jan. 18, North Carolina had received about a million doses of COVID-19 vaccines.
Come with us on Part II of Wolfman and The Guardians' journey through the streets of our nation's capitol. These stories are only available exclusively here at BCN!
Joy Pullmann of the Federalist explains how right-of-center partisans can respond well to a Biden presidency.

HbAD2

Joe Biden, a man with the mental acuity and awareness of an oyster is now in the White House, where he will be taken by the hand, guided into a closet and handed some coloring books to keep him busy while Kamala Harris runs the government
Kevin Daley of the Washington Free Beacon highlights one of the consequences of this month’s Capitol riots.
Most college professors applaud what American higher education does and want to see it expand to include even more students.
The leftwing nuts hate Trump and now the hate anyone who supported Trump. Next is Franklin Graham
She is tiny in frame, only 4 feet, 8 inches tall, but Sherry-Lynn Womack, a Lee County School board member who is starting her second term, is standing tall against a liberal driven backlash for exercising her First Amendment rights.
Before he left office, former President Donald Trump ordered the Secret Service to continue protecting his children for the next six months.

HbAD3

 
Back to Top