US gun manufacturer American Outdoor Brands had a 48.5 per cent drop in its profits in the last quarter compared to the same time last year, The Guardian reports.
Its shipments of long guns are down 57 per cent while handguns are down almost 35 per cent.
Sounds like good news right? But historically Americans have bought firearms at higher rates when they are afraid of the regulations being increased.
When Democrat candidate – and gun control supporter – Hillary Clinton looked likely to win last year’s Presidential election, sales spiked with 27.5 million firearm background checks for gun transactions processed in 2016 – four million more than in 2015 and double the number in 2008.
In contrast, Donald Trump has shown himself to be pro-firearms, becoming the first president since Ronald Reagan to speak at the National Rifle Association’s annual convention.
The NRA spent a total of $26.8 million on ads for Trump’s campaign endorsing him and attacking Clinton.
“You came through for me, and I am going to come through for you,” he told the convention.
Now there’s a scary statement.
