Americans Buying More Guns, Sales Up 11%

[Gold9472]

Americans buying more guns, sales up 11%

http://feeds.bignewsnetwork.com/?sid=ec520bb9a3886b73

Wednesday 29th June, 2005

Gun sales in the United States are shooting up, according to current and projected firearms sale figures from gunmaker Smith & Wesson Corp.

The 153-year-old Massachusetts company Wednesday said firearms sales for fiscal 2005 are expected to increase by approximately 11 percent over fiscal 2004 levels.

"We expect fiscal 2006 revenue growth in our core business in the range of 10 percent to 12 percent, with gross margins continuing to improve over the course of 2006," said Michael Golden, the company's chief executive.

"We plan to support this growth with incremental revenue from new products, including shipments of our award-winning Model 460-XVR revolver, named Handgun of the Year by the Shooting Industry Academy of Excellence."

Smith & Wesson is one of the largest gunmakers in the world.

[princesskittypoo]

i'm not allowed near sharp objects... can i have a gun?

[beltman713]

Maybe people are getting ready for a civil war?

[jetsetlemming]

My Dad has about 20 different guns in his collection. He just kinda likes them. He hunts, but he only uses two of his collection for that. I think a lot of people are getting guns just because they feel good to have, "just in case".