Sturm, Ruger Sales, Earnings Soar Amid 'Unprecedented Demand'

Sturm, Ruger (NYSE: RGR) said Wednesday it is experiencing a period of "unprecedented demand," which helped send sales and profits soaring in the third quarter. CEO Chris Killoy highlighted the civil unrest occurring around the country as the reason for Ruger's outsized performance. "Consumer demand showed no signs of letting up during the quarter as concerns about personal protection and home defense were stoked by civil unrest in some cities around the United States, the call, by some, for the reduction in funding and authority of law enforcement organizations, and the continuing COVID-19 pandemic," he said in a statement.