Winchester expects post-surge ammo sales to remain steady in 2015
Although gun and ammo sales have decreased since surge levels in 2013, Winchester Ammunition‘s fourth quarter results show sales still riding high.
Winchester, owned by chemical conglomerate Olin Corp., reported $147.2 million in sales, down 25 percent from the same time last year, but higher than in 2012, according to Friday’s filing with the Securities and Exchange Commission.
“Fourth quarter 2014 Winchester segment results reached the second highest level of fourth quarter earnings in the history of the business,” Olin’s chief operating officer, John Fischer, said during a quarterly conference call. He added the company forecasts ammo sales as being “robust” in …read more
Via:: Patriot Outdoor News