GUN SALES UP but Remington Bankrupt?! - TGC News!

Published on June 29, 2020
Duration: 12:51

The firearms industry is seeing increased gun sales, with Smith & Wesson reporting a 33% Q4 sales jump. New budget-friendly AR-15s from Voodoo Innovations (Witch Doctor, Dark Moon) are launching at $749.99. Sig Sauer expands its Tread line with the value-packed Tread Coil for $1,099. Meanwhile, Remington faces potential bankruptcy and sale talks with the Navajo Nation, highlighting industry financial struggles.

Quick Summary

Voodoo Innovations is launching budget AR-15s (Witch Doctor, Dark Moon) at $749.99 with forged receivers and 16" 1:7 twist barrels. Sig Sauer's Tread Coil offers value with pre-installed accessories for $1,099. Meanwhile, Smith & Wesson saw a 33% Q4 sales increase, contrasting with Remington's potential bankruptcy.

Chapters

  1. 00:53Voodoo Innovations New Rifles
  2. 03:11Sig Sauer Tread Coil
  3. 05:02Smith & Wesson Financial Performance
  4. 06:13Remington Bankruptcy and Potential Sale
  5. 08:04Genevieve's Armory: Custom S&W 627

Frequently Asked Questions

What are the new budget AR-15 models from Voodoo Innovations?

Voodoo Innovations, a sub-brand of Adams Arms, is launching two budget-friendly AR-15 models: The Witch Doctor and The Dark Moon. Both feature forged uppers and lowers, 16-inch barrels with a 1:7 twist, and M-LOK rails, with an MSRP of $749.99.

What makes the Sig Sauer Tread Coil a good value?

The Sig Sauer Tread Coil comes pre-loaded with accessories like a Magpul SL-K stock, Sig match-light trigger, and Romeo5 red dot optic. This package offers significant savings compared to purchasing the base Tread rifle and adding these components individually.

What is the current financial situation of Remington?

Remington Outdoor Company is reportedly preparing for its second Chapter 11 bankruptcy filing since 2018. The company has faced financial instability and a lack of recent innovation, leading to discussions about a potential sale.

How did Smith & Wesson perform financially recently?

Smith & Wesson reported strong fiscal year 2020 earnings, with fourth-quarter sales increasing by 33% to $233.6 million. Overall fiscal year earnings grew by 6.3% to $678.4 million, reflecting increased demand in the firearms industry.

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