Remington eyes handgun sales, but offers few options

The Remington RM380 propped up against a box. (Photo: EDC Forums)

The Remington RM380 propped up against a box. (Photo: EDC Forums)

Remington Arms has been slow out the gate at producing handguns, but senior managers told investors last week that they’ve been eyeing the pistol market.

“The overall handgun market continues to experience strong growth … primarily in the polymer pistol, subcompact and micro pistol categories where we currently have limited product offerings,” said Jim Marcotuli, Remington’s chief executive officer, in his opening remarks during a conference call with investors.

He said the federal background check system, which serves as the barometer for gun sales, has shown a 20.8 percent increase from last year for handguns. While he did not specify whether or not Remington would be introducing new designs to compete in the market, he did explain the recent launch of a Remington self-defense pistol would set the tone for future launches.

“The RM380 has done well commercially and our successful launch will serve as a foundation process for future launches,” he said.

The company reported a lackluster second quarter despite steady demand for AR-style rifles. When asked about how handgun sales contributed to Remington’s balance sheets, Marcotuli gave a hopeful response.

“As far as a meaningful contribution, look, we’re gaining traction every time we launch a new handgun product, so we’re positioning ourselves into that market. Although we’re still a small player, so incrementally as a new product launch, it’s absolutely helping our overall performance,” he said.

Remington has two handgun series listed that fit the category for concealed carry that include the RM380 and the R51. The latter was introduced in January 2014, but briefly discontinued it later that year due to poor performance reviews. The RM380 shipped out about halfway through 2015.

According to financial filings released last week, Remington reported $204.3 million in second quarter sales, an increase of $2.2 million from last year. However, the company still operated with $4.6 million loss.

Latest Reviews

  • Tuck & Carry: CCW in a Skirt

    Aimed at those who want the comfort and convenience of a skirt but with the protection of a holstered gun, the Tuck & Carry occupies what I term apparel holsters -- that is clothing/holster duos.

    Read More
  • The Marlin Dark in .45-70 is Stealthy and Modern

    Flash forward the lever gun of Western lore to the 2020s, where Marlin has taken that classic design and given it a modern upgrade. Meet the Marlin Dark.

    Read More
  • Gear Review: Sig Sauer Tango 6T 1-6

    Sig Sauer has long been a big name in the firearms industry, so it came as no surprise several years ago when Sig filled out its repertoire with its own optics line. Today, we’re looking at the Tango 6T, a 1-6 low power variable optic.

    Read More
  • First Look: Hornady 6mm ARC

    Hornady brought another impressive project to the shooting public in 2020 with the introduction of the 6mm Advanced Rifle Cartridge.

    Read More