With 49% Increase in Q1 Sales, Ruger Stock Price Jumps

Editor — Thu, 10 May 2012 13:07:52 +0000

The good news continues for Sturm, Ruger & Co. (Ruger) which has seen huge gains in its stock price over that past couple of years. Ruger recently reported that first-quarter sales were up 49% compared to the same period in the previous year. That announcement has caused Ruger shares to rise over 6% just today! (Many of us now wish we’d bought some Ruger stock in 2010 — Ruger shares are trading today at 49.38, up from 16.93 two years ago.)

New products such as the Ruger 10/22 Takedown rifle, the Ruger SR22 pistol and the Ruger American Rifle are driving sales growth. Said CEO Michael Fifer, “New product introductions were a significant component of our sales growth as new product sales represented $40.8 million or 37% of sales in the first quarter of 2012.” Ruger’s results again beat Wall Street expectations. Ruger has beaten the Zacks Consensus Estimate in each of the last seven quarters.

Daily Bulletin » Ruger 10/22 Takedown

With 49% Increase in Q1 Sales, Ruger Stock Price Jumps