Smith & Wesson selling more guns than ever before

Gun manufacturers see demand rise in the wake of increased gun violence

Smith & Wesson Gun Sales Up

(CNN) – Smith & Wesson says quarterly firearms sales rose more than 22% from the same period last year. That was better than what the gunmaker predicted, and caused the company’s stock to jump 7% in extended trading hours Thursday night.

Smith & Wesson says it expects robust sales to continue for the rest of the fiscal year, citing what it called “product innovation” in both its firearms and accessories.

The report was based on sales through April 30th, more than a month before Sunday’s mass shooting at an Orlando, Florida, nightclub.

Historically, gun manufacturers see demand rise in the wake of such violent incidents, as pro-gun consumers fear new laws will restrict access.

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