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“We currently have over a year’s worth of orders for ammunition in excess of $1 billion,” he said in his opening remarks. “This is unprecedented for our company. With demand far outstripping supply and inventory levels in the channel at all-time lows, we see strong demand continuing…”

“We have cleaned inventory in all retail and wholesale locations,” Metz said. “Despite us producing flat out for 6 months, there is no buildup of inventory at any of our customers. In fact, every one of them would like significantly more. Simply put, consumer demand continues to outpace our ability to supply.”