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After Smith & Wesson
Fewer consumers have spent money at Home Depot
Smith & Wesson recently beat analysts' expectations, reporting fiscal first-quarter earnings of $12.6 million compared with $2.3 million a year ago, with a 30% increase in revenue. It also predicted greater-than-expected revenue for its second quarter. Many investors thought that consumer firearm demand would slow by summer, but consumer sales remained strong, as did law enforcement and international sales. The company has continued to supply police forces in Mexico and signed contracts with multiple state agencies in Washington state.
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Fool contributor Dave Mock recently upgraded his Nerf gun collection with yet another rapid-firing model. He owns no shares of companies mentioned here. The Home Depot and Wal-Mart Stores are Inside Value selections. Yes, that was the Fool's disclosure policy playing the tree in the school play.