Previous close | 3.8000 |
Open | 7.0000 |
Bid | 0.0000 |
Ask | 0.0000 |
Strike | 40.00 |
Expiry date | 2024-07-19 |
Day's range | 7.0000 - 7.0000 |
Contract range | N/A |
Volume | |
Open interest | 7 |
Amidst declining sales and earnings, Sturm Ruger emphasizes robust new product sales and strategic restructuring to enhance future profitability.
Q1 2024 Sturm Ruger & Company Inc Earnings Call
Sturm Ruger is slashing its workforce because of weakness in the gun market, but the company still needs more help in manufacturing. The company cut about 80 jobs in the first quarter, meant to boost profits as gun sales fall and margins slip. "Despite the reduction in force, we have the 'help wanted' sign out for direct labor to build guns," CEO Christopher Killoy says.