{"id":62484,"date":"2020-12-05T14:30:23","date_gmt":"2020-12-05T20:30:23","guid":{"rendered":"https:\/\/milesfortis.com\/?p=62484"},"modified":"2020-12-05T14:30:23","modified_gmt":"2020-12-05T20:30:23","slug":"62484","status":"publish","type":"post","link":"https:\/\/milesfortis.com\/?p=62484","title":{"rendered":""},"content":{"rendered":"

First-time gun buyers projected to top 8M: Smith & Wesson<\/a>
\nWomen are making up 40% of new buyers<\/em><\/p>\n

Background checks, a metric for gun sales, are hitting an all-time high in 2020, and nearly half of the purchases being made this year are by first-time firearm owners, firearm manufacturer Smith & Wesson said Thursday.<\/p>\n

Stocks in this Article
\nSWBI
\nSMITH & WESSON BRANDS
\n$15.91
\n+0.78 (+5.16%)
\nTo date, nearly 8 million Americans have already decided to “exercise their Second Amendment rights for the first time,” chief executive Mark Smith told analysts in an earnings call.<\/p>\n

For their findings, the company cited data from the National Shooting Sports Foundation (NSSF), which estimated that 40% of the tens of thousands of firearm purchases in 2020 are coming from first-time owners.<\/p>\n

Smith noted that these new purchases are further “broadening and diversifying” its consumer base and are an indicator of the long-term vitality of the industry as a whole.<\/p>\n

Smith said NSSF data indicated that “women are making up 40% of new buyers and overall firearm purchases by African Americans are outpacing all other demographics with 58% growth in the first half of the year alone through June.”<\/p>\n

“This expanded consumer base of new firearm owners represents a healthy long-term opportunity for the industry as a whole, but specifically for Smith & Wesson,” he added.<\/p>\n

Overall, however, it has been a historic year for gun purchases with more than 19 million gun background checks being conducted thus far. That’s more than all of 2012 and each of the years before that.<\/p>\n

On Cyber Monday alone, 123,797 background checks were completed. Monday\u2019s numbers rose 65.2% compared to 2019 when 74,926 background checks were submitted, according to the gun trade group\u2019s statistics, which are based on the FBI\u2019s National Instant Criminal Background Check System (NICS).<\/p>\n

Background checks are the key barometer of gun sales, but the FBI\u2019s monthly figures also incorporate checks for permits that some states require to carry a firearm. Each background check also could be for the sale of more than one gun.<\/p>\n

Firearm sales traditionally increase during presidential election years, fueled by fears among gun owners that the next president could restrict their rights. But this year has seen a series of previously unheard-of numbers largely associated with the coronavirus pandemic, a subsequent economic recession, a deep political divide and civil unrest.<\/p>\n

In June, 3.9 million background checks were conducted, the most since the system was created in November 1998 to ensure felons and other prohibited people could not buy or possess a firearm.<\/p>\n","protected":false},"excerpt":{"rendered":"

First-time gun buyers projected to top 8M: Smith & Wesson Women are making up 40% of new buyers Background checks, a metric for gun sales, are hitting an all-time high in 2020, and nearly half of the purchases being made this year are by first-time firearm owners, firearm manufacturer Smith & Wesson said Thursday. Stocks … Continue reading “”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8,29,17],"tags":[],"class_list":["post-62484","post","type-post","status-publish","format-standard","hentry","category-rkba","category-safety","category-self-defense"],"_links":{"self":[{"href":"https:\/\/milesfortis.com\/index.php?rest_route=\/wp\/v2\/posts\/62484","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/milesfortis.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/milesfortis.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/milesfortis.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/milesfortis.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=62484"}],"version-history":[{"count":1,"href":"https:\/\/milesfortis.com\/index.php?rest_route=\/wp\/v2\/posts\/62484\/revisions"}],"predecessor-version":[{"id":62487,"href":"https:\/\/milesfortis.com\/index.php?rest_route=\/wp\/v2\/posts\/62484\/revisions\/62487"}],"wp:attachment":[{"href":"https:\/\/milesfortis.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=62484"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/milesfortis.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=62484"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/milesfortis.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=62484"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}