Gun Sales: Yeah. They're Bad [Seeking Alpha]
AMERICAN OUTDOOR BRANDS CORP (AOBC)
Last american outdoor brands corp earnings: 3/5 04:15 pm
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US:NASDAQ Investor Relations:
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Source: Seeking Alpha
Summary While waiting anxiously for the latest FBI Nics data for August, I was searching for news regarding gun sales, either from reported sales numbers or some subtle clues found in various state and local data. Over the last few firearms articles we have discussed the now double digit year over year drops in firearms background checks and the presumed drop in gun sales. What was through May 2017 an 8.5% drop in background checks for the first 5 months of 2017 vs 2016 had accelerated to a double digit year over year drop of more than 10% for January through July 2017 vs 2016. One of the questions that inevitably comes up is "how do NICS checks translate into Gun Sales?" While it is true that a single NICS check may mean multiple gun transactions, it may also mean a check was done but no firearms were purchased. Furthermore, a NICS check does not differentiate between a used firearm or a new firearm transaction, just that a background check run by a firearms dealer.
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