The company reported weaker than expected earnings Thursday because of a drop in gun sales. It also warned investors that it will take a $5 million hit to earnings in the second half of the fiscal year due to the impact of tariffs from the escalating US-China trade war. The tariffs will mostly affect its outdoor products -- hunting and fishing accessories that account for more than a quarter of its sales.
"Gun stocks rise after mass shootings and Trump's call for stronger background checksThe company cut its earnings guidance for the full fiscal year because of the cost of tariffs, even though it maintained its revenue target.Read More"Without that impact, we believe our earnings per share would have been within our most recent guidance, but tariffs now make that result unlikely," said CFO Jeffrey Buchanan.
Only good thing coming out of Trumps outrageous negotiating stile
Tariff is fine. If you are an American and not Fake CNN, join the Trade War against China. We must stop China. We've been stupid and greedy building China's military. Now we have a problem to solve. Don't be Fake like CNN!
FREE GUNS FOR ALL...
But it is only a little pain for the greater good. Isn't that want Trumps apologists like Lindsey say. How they like this winning now.
Plenty of gunbuyers in USA. Hard to believe tariffs by realDonaldTrump would affect them; maybe be a covert attempt by the Don to put taxes on guns.
A silver lining after all afic
Dang I can only like this once. Wish there was a love icon on Twitter. Hope they get hurt more and more as they hurt Americans.
AWESOME.......
ONLY thing that is GOOD about the Trade War with China, the poor Gun Manufactures! 😂
So Trump supporters are losing their farms and their guns? That is funny.
I'm struggling to understand why people need guns. don't say for protection - against what? fellow human? we ought to talk through our differences.
Interesting to see how this will play out. Nobody has been able to get Trump's attention yet to the damage his tariffs have caused, but this is a gun manufacturer and I am sure the NRA will give him his marching orders about this and he and the GOP will get in lockstep to it.
Good