Arming for the Unknown: Spiking U.S. Firearms Sales Amid COVID-19
APRIL 23, 2020
Investment Implications of Pandemic Risk for Firearms Retailers, Manufacturers
As the world is in the midst of a global pandemic, the U.S. has observed an unprecedented surge in private demand for firearms and ammunition. According to the U.S. Federal Bureau of Investigation (FBI), about 3.7 million firearms background checks were initiated in March 2020, the highest monthly total since the agency started recording figures in 1998. The agency also recorded the single highest ever daily figure, with 210,308 enquiries received on March 20.