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Sportsman's Warehouse Holdings, Inc. - SPWH STOCK NEWS

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.

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Sportsman's Warehouse Holdings, Inc. reports disappointing Q2 results with net sales decreasing by 11.8% and same store sales decreasing by 16.1%. Gross profit decreases to 32.6% of net sales. SG&A expenses increase to 33.1% of net sales. Net loss of $(3.3) million compared to net income of $14.6 million in Q2 2022. Adjusted net loss of $(1.6) million compared to adjusted net income of $15.1 million in Q2 2022. Adjusted EBITDA decreases to $13.1 million. Diluted loss per share of $(0.09) compared to diluted earnings per share of $0.35 in Q2 2022. For the first six months of fiscal year 2023, net sales decrease by 12.6% and same store sales decrease by 16.9%. Gross profit decreases to 31.3% of net sales. SG&A expenses increase to 34.9% of net sales. Net loss of $(18.9) million compared to net income of $16.6 million in the prior year period. Adjusted net loss of $(16.4) million compared to adjusted net income of $17.3 million. Adjusted EBITDA decreases to $7.5 million. Diluted loss per share of $(0.50) compared to diluted earnings per share of $0.38. Third quarter fiscal year 2023 outlook expects net sales to be in the range of $310 million to $330 million with adjusted diluted earnings per share in the range of negative $0.20 to negative $0.05.
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Sportsman's Warehouse Holdings, Inc. will hold its quarterly conference call to discuss second quarter 2023 financial results on September 6, 2023.
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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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Sportsman's Warehouse Holdings, Inc. (Nasdaq: SPWH) will host a quarterly conference call on April 12, 2023, at 5:00 p.m. ET to review its fourth quarter and full-year 2022 financial results. Investors can access a live audio webcast on the company’s investor relations website. A replay will be available shortly after the call and accessible through April 19, 2023. Sportsman's Warehouse focuses on providing quality outdoor gear and services to a diverse customer base, aiming to enhance outdoor experiences.

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Sportsman's Warehouse (SPWH) reported third quarter results showing net sales of $359.7 million, down 10.3% year-over-year, attributed to inflation and recession concerns. Despite this, net sales increased 48.3% compared to the same quarter in 2019. Gross profit stood at $120.8 million (33.6% of net sales), reflecting improved product margins. Net income decreased to $12.9 million from $21.9 million in 2021. Looking ahead, the company anticipates fourth quarter sales between $370 million and $385 million, and plans to open up to 18 new stores in 2023.

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Sportsman's Warehouse Holdings, Inc. (Nasdaq: SPWH) announced its quarterly conference call scheduled for December 7, 2022, at 5:00 p.m. Eastern Time to discuss the financial results for Q3 2022. A live audio webcast will be available on the investor relations website, with a replay accessible until December 14, 2022. The Company is recognized as an outdoor specialty retailer catering to a diverse customer base, providing exceptional gear and service to enhance outdoor experiences.

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FAQ

What is the current stock price of Sportsman's Warehouse Holdings (SPWH)?

The current stock price of Sportsman's Warehouse Holdings (SPWH) is $2.62 as of November 4, 2024.

What is the market cap of Sportsman's Warehouse Holdings (SPWH)?

The market cap of Sportsman's Warehouse Holdings (SPWH) is approximately 99.7M.

What does Sportsman's Warehouse Holdings, Inc. specialize in?

Sportsman's Warehouse specializes in offering a wide range of outdoor sporting goods, including hunting, shooting, fishing, and camping gear.

Where are Sportsman's Warehouse stores located?

Sportsman's Warehouse operates 79 locations across the United States, including Alaska.

What types of products does Sportsman's Warehouse offer?

The company offers products in categories such as Camping, Apparel, Fishing, Footwear, Hunting and Shooting, and Optics, Electronics, Accessories, and Other products.

What is the company's trademark slogan?

Sportsman's Warehouse's trademark slogan is 'America's Premier Outfitter.'

How does Sportsman's Warehouse ensure the quality of its products?

Sportsman's Warehouse provides top-brand, high-quality outdoor gear to ensure customers have the best experience in their outdoor pursuits.

Does Sportsman's Warehouse have plans for future growth?

Yes, the company is focused on expanding its product lines, reducing expenses, and achieving profitability and growth.

How can I find employment opportunities at Sportsman's Warehouse?

For employment opportunities, visit http://employment.sportsmanswarehouse.com.

Who should investors contact for more information?

Investors can contact Riley Timmer, VP of Investor Relations, at (801) 304-2816 or via email at investors@sportsmans.com.

What are the latest updates from Sportsman's Warehouse?

Recent updates include reaffirmed full-year 2024 guidance and efforts to reset the organization for better performance and customer service.

What challenges does Sportsman's Warehouse face?

The company faces challenges such as government regulations, economic conditions, and competitive industry dynamics.

Sportsman's Warehouse Holdings, Inc.

Nasdaq:SPWH

SPWH Rankings

SPWH Stock Data

99.73M
37.85M
5.69%
85.9%
3.03%
Specialty Retail
Retail-miscellaneous Shopping Goods Stores
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United States of America
WEST JORDAN