Biden has been making the rounds attacking the Second Amendment recently. He has claimed that “The Second Amendment, from the day it was passed, limited the type of people who could own a gun and the type of weapon you could own…”
But Americans, ever skeptical of government overreach and likely also seeing the surging violent crime wave going on under Biden’s watch, have once again gone out to buy guns in record numbers.
Smith & Wesson, one of America’s best-known gun manufacturers, reported its best-ever sales year in 2020. Total annual sales topped an extraordinary $1.1 billion.
From Their Cold, Dead Hands
This explosion in sales is an increase of more than 100% from 2019.
On June 17, Smith & Wesson CEO Mark Smith described his company’s stellar numbers on an earnings call. Earnings were so impressive that Smith even said that, “Earlier today, we announced to our employees that this year, we will be distributing over $14 million to eligible employees, which will be 15% of each employee’s annual wages… [W]e will also be awarding every employee who is not eligible for our management bonus program a special bonus of $1,200 for full-time employees and $600 for temporary workers…”
Smith also reported that the company earned $323 million in revenue in its fourth quarter — the highest-earning quarter of all time — and Deana McPherson, the company CFO, also announced that Smith & Wesson will be increasing its quarterly dividend up to eight cents per share, an increase of 60%.
Other gun manufacturers like Ruger have also been reporting similarly impressive sales numbers.
This isn’t the first time that Americans have gone out to buy guns in large numbers. This tends to happen every time that politicians try to make pushes for gun control.