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Smith & Wesson posts record sales.

Smith & Wesson continues to set sales records, announcing in September that its first fiscal quarter revenues increased 49.5 percent over the same quarter last year.

Firearm sales for the quarter grew 54 percent over the first quarter of 2005, reflecting an 83.5 percent increase in Smith & Wesson pistol sales and a 73 percent increase in Walther pistol sales.

"I am pleased to report success on all fronts. Sporting goods sales for the first quarter of fiscal 2007 increased by 36.7 percent. Law enforcement sales doubled in the first quarter of fiscal 2007, compared to the same quarter last year. The combination of the increased sales volume, improved gross margins and controlled operating expenses led to our strong profit performance for the quarter," said Michael Golden, S&W president and CEO.
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Title Annotation:Industry watch
Author:Thurman, Russ
Publication:Shooting Industry
Date:Oct 1, 2006
Words:133
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