Customers flock to Sportsman’s Warehouse after other retailers ditch modern sporting rifles
By Christen Smith
Shooters line the rails of the gun counter of the Sportsman’s Warehouse in Southhaven, Mississippi. (Photo: myfoxmemphis.com)
Recent financial filings suggest customers flocked to Sportsman’s Warehouse this summer after several major retailers and banks cut ties with manufacturers of modern sporting rifles.
Chief Executive Officer John Barker told investors Thursday gun sales spiked 8.3 percent in the 13 weeks ending Aug. 4, helping boost overall semiannual sales to $383.3 million, a double-digit increase over 2017.
“So we are picking up market share as we continue to focus on doing what we do correct,” said Chief Financial Officer Kevan Talbot. “And obviously, our competitors have made certain decisions that are impacting that. But our customers have realized that we continue to do it very well, as far as the sale of firearms, moving forward. And I think that’s a testament to one of our strengths.”
Sportsman’s Warehouse assured investors in April there’s no plans to follow in the footsteps of other retailers — namely Dick’s Sporting Goods — by imposing restrictions on gun sales over and above federal law. Dick’s, Walmart, Kroger and L.L. Bean all implemented age restrictions on gun sales after the Parkland shooting, while major financial institutions moved to sever relationships with the gun manufacturers.
“Our continued outperformance of