Rifles are going out of fashion, and it's hurting Smith & Wesson's bottom line.
The gun maker reported Tuesday that quarterly sales dropped by $39.2 million. Its profit of $14.6 million represented a 45 percent decrease from a year earlier, according to CNNMoney.
Shares fell as much as 15 percent in after-hours trading.
Moseley’s Discount Office Products was purchased; Side Chick opened in Branson; and the Springfield franchise store of NoBaked Cookie Dough changed ownership.