Gunmaker Smith & Wesson just boosted guidance, says its sales are booming

Business at gunmaker Smith & Wesson is going gangbusters.

Management just announced it was raising its guidance because sales have been so strong.

For the three months ending January 31, it estimates it had $175 million to $180 million in sales, up from its earlier guidance of $150 million to $155 million. This new guidance is much higher than the $155 million expected by analysts.

More to come …

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