Joe Biden is playing a major role in pushing more Americans to legally purchase firearms and ammunition.
“Industry officials said that June sales were the second-highest ever for the month, at about 1.3 million. Only June 2020 had a higher number for that month, at 2,177,586,” the Washington Examiner reported. “FBI background checks are also rolling to new highs. Through just the first six months of the year, they are already higher than for all of 2014, indicating that 2021 will see a new high of over 40 million.”
“To be clear, June 2021 is the second-highest June on record,” said Mark Oliva, spokesman for the National Shooting Sports Foundation.
Join Our Telegram channel here: https://t.me/usamagazinestudio
In a review of the June sales, Oliva made it a point to note that Biden’s nomination of a gun control advocate to head Alcohol, Tobacco, Firearms, and Explosives has helped sparked the historic sales.
It cannot be discounted that the continued elevated level of increased firearm purchases is driven, in part, by the gun control overtures by the Biden administration. As we head into Independence Day, Americans are exercising their right to keep and bear arms in record numbers even as the Biden administration is throwing up roadblocks to keep that from happening.
These factors continue to drive the elevated levels of gun sales: the nomination of David Chipman, a gun control lobbyist to run the Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF), the proposed rules to reclassify firearm receivers as well as pistols equipped with stabilizing arm braces under the National Firearms Act, and repeated calls to repeal the Protection of Lawful Commerce in Arms Act (PLCAA).
The Biden administration is determined to use every lever within reach to stifle and disrupt the free exercise of Second Amendment rights which begin with the ability of citizens who obey the law to freely approach the gun counter.
As reported by Conservative Brief last month, Biden is the best gun-seller in America.
As Biden doubles down on his gun control stance, Smith & Wesson just reported its best sales year ever in 2020 with over $1.1 billion in net sales for the first time in the company’s history.
Ruger has reported a nearly 50% increase in net sales during the first quarter of 2021, while ammo manufacturers Olin Company and Vista Outdoor have seen “about a fourfold increase in their stock prices over the past year,” The Reload reported.
Speaking in an earnings call on June 17, Smith & Wesson CEO Mark Smith announced revenue numbers and benefits for the company’s employees.
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. In addition, the company achieved a very significant milestone in fiscal 2021, surpassing $1 billion in sales for the first time in our 169-year history. As I said, this would not have been possible without all of our employees.
And so, in recognition of this milestone, we will also be awarding every employee who is not eligible for our management bonus program a special bonus of $1,200 for a full-time employee and $600 for temporary workers, prorated for the month of service during the fiscal year and to be paid next Thursday, June 24.
“Our fourth-quarter revenue of nearly $323 million was the highest quarter ever on record and marks the fourth consecutive record-breaking quarter for the company, capping off a year in which the company achieved just under $1.1 billion in revenue as I mentioned just now, surpassing the $1 billion mark for the first time in our history,” he said.
“Our manufacturing logistics teams produced and shipped nearly 2.5 million units last fiscal year, representing a 70% increase year on year, while during the same timeframe, the U.S. firearms market as measured by NICS grew by 42%,” he added.
CFO Deana McPherson said, “Our Board has authorized a new $50 million share repurchase program as well as a 60% increase in our quarterly dividend to 8 cents per share.”
Mark Oliva of The National Shooting Sports Foundation said that “every manufacturer right now is benefiting from this outsized level of demand that we’re witnesses. We are in a period of unprecedented demand. That’s undeniable.”