Sales growth in guns and ammunition contributed to a strong third quarter for Sidney-based Cabela’s Inc., and firearms sales could climb further if President Obama is re-elected, CEO Tommy Millner said Thursday.
“If the president is re-elected, I would expect some surge beyond current levels, which are really good,” he said. “If Gov. Romney is elected, I still think we’re going to see gun growth next year. It probably won’t be at the same pace.”
Millner on Thursday said economic uncertainty had stimulated gun sales, something he said would continue in 2013 regardless of the outcome of the presidential election. In September, company officials told the Wall Street Journal that gun sales are up because buyers fear the Obama administration would push policies to make buying a gun more difficult.
Source: Barbara Soderlin for Kearney Hub.