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Må tilstå at å hamstre ammunisjon pga nært forestående Stortingsvalg aldri har vært på min shoppingliste.
Bak betalingsmur hos FT. Her er teksten:
Demand for guns and ammunition is accelerating in the US ahead of November’s election, driven by consumer concerns about protests and civil unrest and by Americans seeing hunting as a socially distanced leisure pursuit during a pandemic.
Ammo Inc, an ammunition manufacturer based in Scottsdale, Arizona, reported on Thursday that its revenues had surged 125 per cent to $9.7m in the three months to June.
“Extraordinary” demand from its commercial segment, which sells to the hunting, sports shooting and self-defence markets, had powered its order backlog to a record $45m, said Fred Wagenhals, chief executive.
Mark Hanish, Ammo’s president of global sales and marketing, told the Financial Times it had seen intense demand for bullets for semi-automatic handguns and the AR-15 “modern sporting rifle”.
“In past [election] run-ups, your traditional folks who were already gun owners would purchase more. This is brand new people,” he said, attributing the influx of new buyers to the confluence of the pandemic, the election and concern about “civil unrest and uncertainty”.
Gun sales have spiked in previous election years but slumped after Donald Trump’s 2016 election victory as consumers stopped worrying that a Democratic president could restrict gun sales. Joe Biden, the 2020 Democratic nominee, has said he would require background checks for all gun sales and ban assault weapons sales if elected.
They hit a record that month as coronavirus swept the US, forcing lockdowns that cost millions of people their jobs. That record was quickly broken in June, the month the racial justice protests that followed George Floyd’s death at the hands of a police officer reached their peak
Concern for self protection is looming larger this year than the fear of losing gun rights, Mr Hanish said. As a result, he said, “I don’t expect people to go back to being complacent” should Mr Trump win November’s election.
His comments came 10 days after Clarus Corporation said that its Sierra ammunition brand had seen 36 per cent growth in US sales in the quarter. “This was driven by multiple demand factors like social and civil uncertainties and the upcoming US elections,” Clarus told investors.
“What's going on in our social environment” meant that North America was seeing uniquely strong demand compared with international ammunition markets, said John Walbrecht, president of Clarus. Aaron Kuehne, its chief financial officer, said Sierra expected heightened demand to continue into 2021.
(Utvikling i bakgrunnssjekking, i millioner. Betydelig salg foregår utenfor denne kontrollmekanismen, så faktisk økning i våpensalget er større).
On its earnings call in July, Sturm, Ruger similarly attributed the appetite for its rifles, revolvers and pistols to concerns about personal protection in the context of “protests, demonstrations and civil unrest in many cities throughout the United States”, and calls in the wake of Floyd’s death to “defund” law enforcement.
The firearms manufacturer said it had seen a “staggering” 47 per cent increase in sales of its products in the first half of 2020. Its website now carries a warning that the demand for many of its products “has far outpaced the supply, especially over the past few months”.
Olin Corp, owner of the Winchester brand, said earlier this month that its commercial ammunition business had seen its strongest quarter since 2016.
John Fischer, Olin’s chief executive, said it had been able to raise prices in April and August and expected demand to stay elevated all year.
Fears of unrest or restricted sales are not the only factors driving the market, according to executives. Vista Outdoor, owner of brands including Bushnell rifle scopes and Federal ammunition, attributed its recent growth largely to the strength of the shooting sports market.
“We're seeing stockpiling happening to a certain degree, but the free time has given people more opportunities to recreate in real time,” Christopher Metz, its chief executive, said on an August 6 earnings call, noting that fewer people have been travelling for holidays.
The National Shooting Sports Foundation polled retailers in July and found that their firearm sales were up 95 per cent and their ammunition sales up 139 per cent in the first half of 2020, compared with the same period of 2019. Some 40 per cent of this year’s firearm purchases were from first-time buyers, it found, with the strongest growth coming from black men and women.
“There has never been a sustained surge in firearm sales quite like what we are in the midst of,” said Jim Curcuruto, the NSSF’s research director.
Hunting licences and firing range membership figures also pointed to the shooting sports market’s growth potential, said Vista’s Mr Metz.
The growth has strained some manufacturers’ capacity. Olin cautioned that the “surge” had reduced its inventory, limiting its ability to meet the demand, and Ammo Inc is investing at least $2m in expanding its production capacity in anticipation of consumer demand staying high until “at least” the end of its fiscal year next March.
Bak betalingsmur hos FT. Her er teksten:
Demand for guns and ammunition is accelerating in the US ahead of November’s election, driven by consumer concerns about protests and civil unrest and by Americans seeing hunting as a socially distanced leisure pursuit during a pandemic.
Ammo Inc, an ammunition manufacturer based in Scottsdale, Arizona, reported on Thursday that its revenues had surged 125 per cent to $9.7m in the three months to June.
“Extraordinary” demand from its commercial segment, which sells to the hunting, sports shooting and self-defence markets, had powered its order backlog to a record $45m, said Fred Wagenhals, chief executive.
Mark Hanish, Ammo’s president of global sales and marketing, told the Financial Times it had seen intense demand for bullets for semi-automatic handguns and the AR-15 “modern sporting rifle”.
“In past [election] run-ups, your traditional folks who were already gun owners would purchase more. This is brand new people,” he said, attributing the influx of new buyers to the confluence of the pandemic, the election and concern about “civil unrest and uncertainty”.
Gun sales have spiked in previous election years but slumped after Donald Trump’s 2016 election victory as consumers stopped worrying that a Democratic president could restrict gun sales. Joe Biden, the 2020 Democratic nominee, has said he would require background checks for all gun sales and ban assault weapons sales if elected.
Monthly figures from the National Instant Criminal Background Check System show background checks required by new gun buyers have been running at a level well above 2016’s level since March.
They hit a record that month as coronavirus swept the US, forcing lockdowns that cost millions of people their jobs. That record was quickly broken in June, the month the racial justice protests that followed George Floyd’s death at the hands of a police officer reached their peak
Concern for self protection is looming larger this year than the fear of losing gun rights, Mr Hanish said. As a result, he said, “I don’t expect people to go back to being complacent” should Mr Trump win November’s election.
His comments came 10 days after Clarus Corporation said that its Sierra ammunition brand had seen 36 per cent growth in US sales in the quarter. “This was driven by multiple demand factors like social and civil uncertainties and the upcoming US elections,” Clarus told investors.
“What's going on in our social environment” meant that North America was seeing uniquely strong demand compared with international ammunition markets, said John Walbrecht, president of Clarus. Aaron Kuehne, its chief financial officer, said Sierra expected heightened demand to continue into 2021.
(Utvikling i bakgrunnssjekking, i millioner. Betydelig salg foregår utenfor denne kontrollmekanismen, så faktisk økning i våpensalget er større).
On its earnings call in July, Sturm, Ruger similarly attributed the appetite for its rifles, revolvers and pistols to concerns about personal protection in the context of “protests, demonstrations and civil unrest in many cities throughout the United States”, and calls in the wake of Floyd’s death to “defund” law enforcement.
The firearms manufacturer said it had seen a “staggering” 47 per cent increase in sales of its products in the first half of 2020. Its website now carries a warning that the demand for many of its products “has far outpaced the supply, especially over the past few months”.
Olin Corp, owner of the Winchester brand, said earlier this month that its commercial ammunition business had seen its strongest quarter since 2016.
John Fischer, Olin’s chief executive, said it had been able to raise prices in April and August and expected demand to stay elevated all year.
Fears of unrest or restricted sales are not the only factors driving the market, according to executives. Vista Outdoor, owner of brands including Bushnell rifle scopes and Federal ammunition, attributed its recent growth largely to the strength of the shooting sports market.
“We're seeing stockpiling happening to a certain degree, but the free time has given people more opportunities to recreate in real time,” Christopher Metz, its chief executive, said on an August 6 earnings call, noting that fewer people have been travelling for holidays.
The National Shooting Sports Foundation polled retailers in July and found that their firearm sales were up 95 per cent and their ammunition sales up 139 per cent in the first half of 2020, compared with the same period of 2019. Some 40 per cent of this year’s firearm purchases were from first-time buyers, it found, with the strongest growth coming from black men and women.
“There has never been a sustained surge in firearm sales quite like what we are in the midst of,” said Jim Curcuruto, the NSSF’s research director.
Hunting licences and firing range membership figures also pointed to the shooting sports market’s growth potential, said Vista’s Mr Metz.
The growth has strained some manufacturers’ capacity. Olin cautioned that the “surge” had reduced its inventory, limiting its ability to meet the demand, and Ammo Inc is investing at least $2m in expanding its production capacity in anticipation of consumer demand staying high until “at least” the end of its fiscal year next March.
Sist redigert av en moderator:
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