Cowen analyst Cai von Rumohr noted contained weakness in NICS checks in October, although comps get easier in December.

Adjusted NICS background checks dropped 17% Y/Y in October, vs. September's -12%, August’s -11%, and July’s -25%.

The 1.1MM checks in October 2017 were the fourth strongest month on record, although sequential comparisons lagged in all categories, von Rumohr commented.

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