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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 Holdings (Nasdaq: SPWH) announced the successful completion of 185 Maintain the Terrain events across the U.S., engaging over 1,000 volunteers in 122 locations. Participants collectively removed over 80 tons of trash, contributing to public land restoration and environmental protection. CEO Jon Barker emphasized the company’s commitment to conservation and building community relationships. These efforts aim to enhance access to outdoor spaces, fostering memorable experiences for all.
Sportsman’s Warehouse Holdings, Inc. (Nasdaq: SPWH) has announced the opening of five new retail locations in 2022, including stores in Seminole, Florida, Eastgate, Ohio, and Santee, California. Two additional locations are expected to open in Montrose, Colorado, and Jacksonville, Florida, by mid-November, expanding their footprint significantly. Collectively, these stores will offer over 127,000 square feet of outdoor gear. The company aims to grow its total store count to 190-210 by the end of fiscal 2025, highlighting a strong demand for outdoor equipment and a commitment to expanding its market presence.
Sportsman's Warehouse Holdings reported Q2 2022 results, with net sales of $351 million, a 3.0% decline year-over-year, influenced by inflation and recession concerns. Same store sales fell 9.4% year-over-year but rose 31.7% compared to Q2 2019. Net income was $14.6 million, down from $17.7 million in Q2 2021. While gross profit improved to 33.5% of sales, SG&A expenses increased by 1.2%. The company anticipates Q3 net sales between $345 million to $365 million, with a decrease in same store sales expected.
Sportsman's Warehouse announced Nancy A. Walsh's appointment to its Board of Directors on August 19, 2022, following the resignation of Christopher Eastland, who served for 13 years. Walsh, an independent Class III director, brings extensive financial leadership from her roles at LL Flooring and former prominent retail companies. Chairman Joseph Schneider expressed confidence in her contributions to the company's growth initiatives.
Sportsman's Warehouse Holdings, Inc. (Nasdaq: SPWH) will host a quarterly conference call on September 1, 2022, at 5:00 p.m. Eastern Time to discuss its second quarter 2022 financial results. A live audio webcast will be available on the Company’s investor relations website, with a replay accessible until September 8, 2022. Sportsman's Warehouse focuses on outdoor retail, catering to both experienced enthusiasts and newcomers.
Sportsman's Warehouse reported a net sales decrease of 5.3% in Q1 2022 at $309.5 million, compared to $327.0 million in Q1 2021. The decline was attributed to reduced demand across all product categories following a stimulus-driven surge in 2021. The company opened three new stores, raising total locations to 126, contributing $20 million in revenue. Gross profit was $99.1 million, and net income fell to $2.0 million. Credit capacity was amended to $350 million, enhancing financial flexibility. Q2 net sales are projected between $330 million and $350 million.
Sportsman’s Warehouse Holdings, Inc. (SPWH) has appointed Sherry Jane Love as the Senior Vice President of Merchandising, tasked with enhancing omni-channel merchandising and private brand development.
CEO Jon Barker expressed confidence in Love's leadership and experience, which spans nearly 30 years in retail. Love's previous roles include positions at notable retailers, and she possesses a strong commitment to outdoor activities. This leadership change is expected to drive growth and elevate the company’s market presence in the specialty outdoors category.
Sportsman's Warehouse (Nasdaq: SPWH) is set to participate in two key investment conferences. The first is Craig-Hallum’s 19th Annual Institutional Investor Conference on June 1, 2022, where management will conduct one-on-one and group meetings with investors. Following this, the company will join Baird’s 2022 Global Consumer, Technology and Services Conference on June 7, 2022, featuring a fireside chat and additional meetings. These events highlight Sportsman's Warehouse's commitment to engaging with investors and showcasing its outdoor specialty retail focus.
Sportsman’s Warehouse Holdings, Inc. (Nasdaq: SPWH) is set to open a new store in Riverton, Wyoming on May 26, 2022, enhancing local access to outdoor gear amidst growing demand. This marks the company's seventh store in Wyoming, expanding its total to 126 nationwide. The new location, spanning 9,275 square feet, aims to serve the outdoor community surrounding popular destinations like Yellowstone and Grand Teton National Parks. CEO Jon Barker emphasizes the commitment to providing exceptional service and supporting local economies.
Sportsman's Warehouse announced a quarterly conference call scheduled for May 31, 2022, at 5:00 p.m. Eastern Time to discuss its first quarter 2022 financial results. A live audio webcast will be available on the Company’s investor relations website, with a replay accessible until June 7, 2022. The Company specializes in outdoor retail, aiming to meet the needs of various outdoor enthusiasts.
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