Winchester Sales Grow as Ammo Demand Soars
Revenues at Olin Corp.’s ammunition brand increased by 20% to $188.0 million from $157.2 million in the first quarter helped by gains in commercial and military sales. Demand accelerated through the quarter as retail ammo sales were up 49% through Mar. 21, according to the NASGW’s SCOPE data, and many retailers sold out of popular defense calibers. Olin sees that demand benefitting Winchester into ... Log in to view full article.
