The bottom line swung to a $2,588,000 profit in the fiscal first quarter ended July 31 from a loss of $3,411,000 on 32% higher sales of $112,587,000, up from $85,077,000 in the seasonally slow period. Handgun sales improved 35% in dollars to $83.8 million, driven by higher ASPs, increased shipments of newly introduced products, and a 2-3% price increase on select products, easily outstripping the 5% gain in NSSF-adjusted NICS checks. New products accounted for over 43% of handgun shipments in the quarter. The smaller long gun segment soared 50% to ... Log in to view full article.