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Gun Sales Tapering Off, Cabela's Says

Scorpio

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#1
Gun Sales Tapering Off, Cabela's Says


Matthew Rocco
Fox BusinessFebruary 16, 2017

Cabela’s saw strong demand for guns during the third quarter, reflecting an industry-wide surge before the presidential election.
Cabela’s (NASDAQ:CAB) saw demand for firearms taper off to close 2016, as sales couldn’t keep up with the rapid pace set in the preceding year, after the San Bernardino terrorist attack.


Gun makers and industry analysts have offered subdued profit expectations in the wake of President Donald Trump’s rise to the White House. Historically, sales get a sizable boost if new gun-control measures are expected to be on the table. Those concerns are on the back burner with Trump in the White House and federal appeals court judge Neil Gorsuch nominated to fill the open Supreme Court seat.

The FBI processed a record 27.5 million background checks for gun purchases and permit applications last year. Background checks slowed down in January, when roughly two million checks went through the National Instant Criminal Background Check System. Nearly 2.8 million checks were recorded in December.

Cabela’s said total revenue for the fourth quarter was down 4.9% year-over-year. Sales at Cabela’s locations open at least a year fell 6.4%. The company added that revenue would have increased 1% excluding an extra week in the final quarter of 2015.

Shares of American Outdoor Brands (NASDAQ:AOBC), the renamed parent company of Smith & Wesson, have dropped 33.9% since Election Day. Sturm Ruger & Co. (NYSE:RGR) is down 24%.

Cabela’s stock has slipped 17.6% over the past month amid questions surrounding Bass Pro’s $5.5 billion deal to buy the company. The transaction was tied to a separate agreement between Cabela’s and Capital One Financial (NYSE:COF), which lined up to buy Cabela’s credit card business, dubbed World’s Foremost Bank. Capital One effectively pulled its bid last month, saying that it wouldn’t receive regulatory approval in time.

Also, the U.S. Federal Trade Commission sent Cabela’s a second request for information, further delaying the buyout.

http://finance.yahoo.com/news/gun-sales-tapering-off-cabelas-155300347.html
 

latemetal

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#2
No great shock there, Trump will not be half the President Obama was nor will he sell half as many guns as President Clinton would have....have a nice day folks.
 

southfork

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#5
Had a buy list ready for election night, almost pulled the trigger but decided to wait, just had a feeling, glad I did , prices going down on a lot of guns ammo ect
 

GOLDBRIX

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#6
Demoncrats should ramp up the gun fear.
"Demoncrats" should start another gun run for their side soon. After all they are the ones claiming - the Next Civil War. Otherwise it won't be much of a war, more like a slaughter.
 

gringott

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#7
"Demoncrats" should start another gun run for their side soon. After all they are the ones claiming - the Next Civil War. Otherwise it won't be much of a war, more like a slaughter.
 

Rusty Shackelford

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#8
Local gun store owner said HRC would bankrupt him and Trump would keep him in business, even though he had signs saying Barry was greatest gun salesman the world had seen. The Dems and the left allowed this guy to have record sales. He should have voted HRC for his business's sake cause HillDawg would have put Barry to shame sales wise.
 

GOLDBRIX

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#9
^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^

Oh Yeah, Target Porn. Guessimating the number of holes that would have resulted in a lot DRT PROGS at Center Mass. - Me Likey U Shootin' gring.
 

oldgaranddad

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#10
Expect the second amendment purchases to ramp up in accessories such as magazines, suppressors, etc. with the Trump administration rolling back regulations and edicts.

Look for importers to gain some ground with regulations rolled back on certain importations.

Holster and concealed carry vendors will expand too as national right to carry takes hold. Look for training camps and instructors to take a jump in popularity.

I also predict that TV reality shows like Top Shot will start to show up on network TV as more and more people carry and the uninformed masses see the positive effects.

These inroads will then give rise to more and more of the general public looking to buy firearms and create a second wave of buying fueled by interest instead of fear of cut off or confiscation.

The smart money is already bird dogging many firearm related companies. It's just not being reported in the financial press.
 

GOLDBRIX

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#11
I think Top Shot is now DOA.
It is in re-runs on either The Outdoor Channel or Sportsman's Channel. IjustDK which one.
 

oldgaranddad

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#12
I think Top Shot is now DOA.
It is in re-runs on either The Outdoor Channel or Sportsman's Channel. IjustDK which one.
Agreed that Top Shot is gone and dead but Hollywood and TV are famous for recycling. One thing I was surprised about Top Shot is that they didn't have a celebrity Top Shot.
 

GOLDBRIX

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#13
Agreed that Top Shot is gone and dead but Hollywood and TV are famous for recycling. One thing I was surprised about Top Shot is that they didn't have a celebrity Top Shot.
Chance for too many One Bullet- Barney Fife moments ( Shootin' the floor):
 

Rusty Shackelford

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#15
Yea I have been putting off buying my holsters and other rig components until national carry gets passed. I just could not rationalize buying just to carry in my state or the other 30 tgat honor my permit. Pretty sure a lot of CCW brethren did the same.
 

gringott

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#16
:) like my dad said once .....good shooting son now if you can just get the bad guy to stand still holding that piece of paper in frount of him for you.......LOL......great shooting
It's also good that the paper doesn't shoot back.
 

Chester-Copperpot

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#17
Just like gold and silver, buy low sell high. You can buy AR's for $400. Stack em deep and offload during the next panic. Might not be next year or even the next five years, but there will be another one.
 

Howdy

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#18
...... the Trump administration rolling back regulations and edicts.

Look for importers to gain some ground with regulations rolled back on certain importations.
I'll expect a lot of rhetoric from him suggesting it, but I'm not holding my breath.
 

oldgaranddad

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#19
I'll expect a lot of rhetoric from him suggesting it, but I'm not holding my breath.
True. As Reagan said, "Trust but verify".
 

GOLDBRIX

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#20
It's also good that the paper doesn't shoot back.
And currently neither do most PROGS. They bring sticks and hammers to GUN FIGHTS.
See the Berkley "Protest".
 

oldgaranddad

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#21
And currently neither do most PROGS. They bring sticks and hammers to GUN FIGHTS.
See the Berkley "Protest".
...and when they do bring something of substance it will be a cheap "spray and pray" weapon. They don't care what they hit as long as they hit something. As long as it causes mayhem.
 

ttazzman

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#22
I found it intresting a local farm and home store chain "Orchelins" i went in our local store today and they had totally refurbished the inside and the main change was to expand the sporting good area by at least twice the previous area in the store......included adding a Gun sales counter pistols and rifles, previously they did not sell guns at all.......point is i am guessing they just missed the Obama gun sales boom
 

stonedywankanobe

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#25
I agree....looks like a fantastic shooting area he has there
If it's natural, it's like God's gift to every gun toter who ever laid their balls on it.

While I live outside city limits, my yard and proximity to neighbours doesn't allow me in good conscience to fire my rifles without a real good reason.
 

GOLDBRIX

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#27
If it's natural, it's like God's gift to every gun toter who ever laid their balls on it. ......
Now that is a descriptive sentence that is hard to visualize and harder to comprehend. aka WTF !!
 

gringott

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#29
Gringo, im envious of that firing line you have, great looking set up Mr.
I agree....looks like a fantastic shooting area he has there
If it's natural, it's like God's gift to every gun toter who ever laid their balls on it.

While I live outside city limits, my yard and proximity to neighbours doesn't allow me in good conscience to fire my rifles without a real good reason.
That's not my range, that is the world's famous KNOB CREEK! I am a member, great price for military - I buy an annual every year.
 

Aurumag

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#30

GOLDBRIX

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#31
^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
I think TRUMP WOULD sign it into law.
It is getting it out of the House and Senate that seems to be the problem.
I think it has been put on the Back Burner while TRUMP gets his Cabinet filled. - JMO
 

GOLDBRIX

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#33
^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
Was you expecting a Miraculous Massive Passage on all of TRUMP'S platform in the FIRST 30 Days ???

Considering ALL the PROGS and RINOs are openly working against him, The Whitehouse having more leaks than ten Dutch boys could plug. I think he has done EXCELLENT especially since he don't play the DC game.

What has he erased from what he promised while on the stump ?