Strong Handgun Performance
Handgun sales outperformed the market with a 7.7% increase in retail counter sell-through and a 2.1% increase in average selling prices (ASP).
Inventory Management Success
The company achieved a significant reduction in inventory, decreasing from $196 million a year ago to $183 million, and generated over $27 million in operating cash flow.
New Product Success
New products accounted for nearly 40% of sales in the quarter, showcasing the effectiveness of the company's innovation strategy.
Improved Average Selling Prices
Overall ASPs increased by 3.5% year-over-year, with a 10.2% increase in long guns and a 2.1% increase in handguns.