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Ruger 2022- financial report

shanneba

shanneba

Custom
Maybe firearm product availability will start to improve.

"Consumer demand in 2022 was below the level of demand in 2021, dampened in part by inflationary pressures, which often constrain discretionary spending. This led to an 18% reduction in our sales from the prior year."
"Our profitability declined in 2022 from 2021 as our gross margin decreased from 38% to 30%."
  • In 2022, the Company’s finished goods inventory and distributor inventories of the Company’s products increased 92,200 units and 134,200 units, respectively, returning to a reasonable level that will allow for the rapid fulfillment of retailer demand.

finance.yahoo.com

Sturm, Ruger & Company, Inc. Reports 2022 Diluted Earnings of $4.96 Per Share and Declares Dividend of 42¢ Per Share

SOUTHPORT, Conn., February 22, 2023--Sturm, Ruger & Company, Inc. (NYSE-RGR) announced today that for 2022 the Company reported net sales of $595.8 million and diluted earnings of $4.96 per share, compared with net sales of $730.7 million and diluted earnings of $8.78 per share in 2021.
finance.yahoo.com finance.yahoo.com
 
Maybe:
NICS background checks for 2021 were at 38,876,673 and dropped to 31,596,646 in 2022.

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panic buying given the way things were going during the pandemic and Black Lives Matter, rioting, and everything else..??

was a time during the pandemic, i had to stand in line at the LGS that was about 4 city blocks long, and then get lucky 1 box of ammo was still available.

gun sales were brisk, but i was still able to get my 1911's, as the mad rush was for all the .380's, and 9mm's all semi automatics...

i was also able to buy ALL my revolvers during that time, as who da heck wanted one of those..???
 
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