Smith & Wesson maker says increased gun sales reported after Florida attack

NEW YORK (Reuters) - The chief executive officer of American Outdoor Brands Corporation (NASDAQ: AOBC), maker of Smith & Wesson guns, on Thursday said some gun retailers reported increased foot traffic and sales after the Florida high school shooting.

CEO James Debney, on a conference call with investors to discuss earnings, briefly addressed the Feb. 14 attack at Stoneman Douglas High School in Parkland, Florida, which has sparked a wave of student protests and calls for gun control legislation.

Company officials "share the nation's grief" over the shooting while reaffirming their support of firearms rights, he said.

Debney said that following the shooting, he heard reports of "increased foot traffic" to firearms retailers "leading to some increased sales."

In the past, fears of gun restrictions have sometimes led to increases in gun sales after mass shootings.

Shares of American Outdoor fell 10 percent in after-hours trading after the company reported earnings.

(Reporting by Laila Kearney; Editing by Cynthia Osterman)

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Micron surges 5.5% on blockbuster Anthropic AI deal ahead of earnings
• Credo Technology pops 3.5% as Evercore initiates with monster $325 price target
• MP Materials seen largely insulated after China export-control move