Ammo Sales Rise in 2008
The general economy may be in a major downturn, but big ammunition producers aren’t complaining — their sales revenues continue to rise. Both Winchester and ATK (Alliant) have reported significant growth in ammo sales through the end of 2008.
Winchester reported that its 4th quarter 2008 sales were $121.4 million compared to $102.7 million for the same period in 2007. The increase reflects a combination of higher selling prices and improved commercial and law enforcement volumes. Higher selling prices and higher volumes offset higher commodity, material, and manufacturing costs, and a less favorable product mix.
ATK also records impressive sales growth in 2008. Third-quarter sales by Alliant Techsystems’ (NYSE:ATK) Armament Systems group rose 15 percent to $438 million, compared to $381 million in the prior-year quarter. The division of ATK produces commercial and military ammunition and gun systems, propellants and advanced energetics. ATK said the strong performance primarily reflects continued growth in commercial ammunition, higher energetics volume, and strong growth within the group’s medium-caliber gun systems and ammunition business.
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Tags: Ammunition, ATK, Winchester
No one hazzared upon the idea that Obama was a strong presidential candidate and espoused equally strong anti-gun politics?
Interesting how the large ammo companies failed to think this was one driver of their product sales.
Bob
Undoubtedly, an “economic stimulus package” that our new president hadn’t expected.
obama is the only reason for increased sales…
I can explain it. I have heard it expressed by others too.
For the first time in my 32 years, I am unsure of my country’s future. That is why I am stocking up on everything.
Thanks for nothing Obama.
I’ve never owned a gun in my life until just before the election. I bought my 2nd the other day – a 9mm. The really big gun store didn’t have any amo -not a single box.
The wall was nearly empty of handguns.
What drives me is probably everyones reason.
OBAMA – he’s killing our country and we might need to take it back someday.