Sturm Ruger rises as strong firearms demand sparks sales growth
BUZZ-Sturm Ruger rises as strong firearms demand sparks sales growth ** Shares of firearms maker Sturm, Ruger & Co RGR.N 3.9% to $39.26 after hitting over 1-mth high early Thurs as stronger demand and improved manufacturing execution helped boost qtrly
** Mayodan, North Carolina-headquartered firm late Weds reported Q2 rev of $158.1 mln, up 19% yr/yr
** Co said net sales growth driven by strong core product demand, improved product mix and a 10% increase in average selling price to $384
** It reported a profit of 43 cents/sh, compared to $1.05/sh loss a yr-ago; adj EPS increased to 52 cents from 41 cents in comparable period in 2025
** RGR said estimated sell-through of its products from distributors to retailers increased 19% yr/yr in Q2, exceeding a 5% increase in adjusted background checks tracked by the National Instant Criminal Background Check System (NICS), a gauge of firearm demand
** Finished goods and distributor inventories declined, reflecting strong retail pull-through of new products, it said
** During the qtr, co said it incurred approx $1.2 mln in expenses related to negotiations and finalizing strategic cooperation agreement with Beretta Holding, along with costs related to a transition in its CFO role
** With the advance, RGR stock up 20% YTD
(Lance Tupper is a Reuters market analyst. The views expressed are his own)
((lance.tupper@tr.com 1-646-279-6380))
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Sturm Ruger rises as strong firearms demand sparks sales growth