Sturm, Ruger Grows Profits in Q1
Net income increased 10% in the first quarter to $7,768,000 from $7,084,000 despite a 1% dip in sales to $135,738,000 from $136,820,000, which still handily outperformed the stagnant firearms retail market. RetailBI reported that retail firearm unit sales declined 9.6% in Q1, with revenue down 11.5%, and NSSF-adjusted NICS checks declined by 4.2%. New products like the Gen-II ... Log in to view full article.
