Welcome to our dedicated page for Sportsman's Warehouse Holdings news (Ticker: SPWH), a resource for investors and traders seeking the latest updates and insights on Sportsman's Warehouse Holdings stock.
Sportsman's Warehouse Holdings, Inc. (NASDAQ: SPWH) is a leading outdoor sporting goods retailer operating across the United States, including Alaska. With 79 locations, it offers a diverse range of high-quality gear for outdoor enthusiasts. The company provides a one-stop shopping experience, equipping customers with top-brand hunting, shooting, fishing, and camping essentials. The product categories include Camping, Apparel, Fishing, Footwear, Hunting and Shooting, and Optics, Electronics, Accessories, and other products. Key items offered are backpacks, jackets, camp essentials, hiking boots, GPS devices, ATV accessories, and fishing rods.
Sportsman's Warehouse is committed to delivering the best outdoor experience, living up to its trademark as "America's Premier Outfitter." The company continues to expand and enhance its product lines to meet the needs of passionate outdoor sportsmen and sportswomen. Financially, Sportsman's Warehouse remains focused on reducing bank borrowing and aims to return to profitability and growth. The company is also actively working on expense reduction in response to macroeconomic challenges while striving to provide customers with valuable assortments aligned with key outdoor seasons.
Recent developments include the reaffirmation of full-year 2024 guidance and ongoing efforts to reset the organization to deliver exceptional service and gear. The company faces various industry-specific challenges, including government regulations and economic conditions affecting consumer spending. However, with its strong market presence and customer-centric approach, Sportsman's Warehouse is well-positioned for future growth.
For potential investors and those interested in the latest updates, Sportsman's Warehouse continues to provide transparent communications and forward-looking statements under the guidance of Riley Timmer, VP of Investor Relations.
Sportsman's Warehouse (SPWH) reported a net sales decline of 8.9% to $379.3 million for Q4 2022, due to reduced consumer demand amid inflation and recession fears. This drop contrasts with a 46.9% increase from Q4 2019. Same store sales fell 12.5% year-over-year but rose 24.9% compared to 2019. For the full fiscal year, total net sales decreased 7.1% to $1,399.5 million. Net income was $40.5 million, down from $108.5 million in FY 2021. Diluted EPS dropped to $1.00 from $2.44 year-over-year. The company plans to open 15 new stores in 2023, the most in a single year, while forecasting Q1 2023 sales between $265-270 million and a loss per share of ($0.40) to ($0.35). Leadership transitions include CEO Jon Barker's retirement and the appointment of Joseph P. Schneider as interim CEO.
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