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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 (SPWH) reported financial highlights for the eight weeks ending December 25, 2021, revealing net sales of $299.6 million, flat from the prior year but a 59.3% increase from 2019. Same-store sales dropped 6.1%, although excluding firearms, they rose 2.8%. Ecommerce sales grew 2.5% year-over-year and surged 200% from 2019. The company also opened three new stores and received $55 million from a terminated merger with Great Outdoors Group. For Q4 2021, SPWH expects net sales of $405-410 million and EPS of $0.43-0.48.
Sportsman's Warehouse Holdings, Inc. (SPWH) reported a 4% increase in net sales for Q3 2021, totaling $401.0 million. The company achieved same store sales growth of 39.4% compared to Q3 2019, but a 1.5% decline year-over-year. E-commerce sales grew over 15% compared to last year. However, net income decreased to $21.9 million from $30.5 million in Q3 2020. Diluted earnings per share fell to $0.49 from $0.68. The company did not provide guidance for Q4 2021 or the full year.
Sportsman's Warehouse Holdings (SPWH) announced it will release its third quarter earnings results on December 8, 2021, after market close. The report will cover financial results for the year-to-date period ending October 30, 2021. No earnings conference call will be held. Investors can access the earnings release on the company’s investor relations website. Sportsman's Warehouse is dedicated to providing quality outdoor gear and exceptional service for all outdoor enthusiasts.
Sportsman's Warehouse Holdings (SPWH) reported its financial results for the 13 and 26 weeks ending July 31, 2021. CEO Jon Barker noted a 9.9% decrease in same-store sales year-over-year for Q2, which he deemed favorable given the elevated sales in Q2 2020. However, same-store sales increased 3.4% for the first half of fiscal 2021 compared to last year. The company is pending a merger with Great Outdoors Group for $18.00 per share, with completion expected in the second half of 2021, pending regulatory conditions.
Sportsman's Warehouse Holdings (Nasdaq: SPWH) announced that it will release its Q2 earnings results on September 1, 2021, after market close. The report will cover the financial performance for the second quarter of fiscal year 2021 and the year-to-date period concluding on July 31, 2021. The details will be accessible on the Company’s investor relations website.
No earnings conference call will be held following the announcement.
Sportsman's Warehouse reported a strong start to fiscal year 2021, with first-quarter same store sales increasing by 24% compared to the previous year. The company is on track for a merger with Great Outdoors Group at $18.00 per share, approved by its board and shareholders. The merger, pending regulatory clearance under the Hart-Scott-Rodino Act, is expected to close in the second half of 2021. Due to this acquisition, no earnings conference call will be held.
Sportsman's Warehouse Holdings (Nasdaq: SPWH) announced it will release its earnings results on June 2, 2021, after market close. This announcement will cover the financial performance for the first quarter of fiscal year 2021, which ended on May 1, 2021. The earnings press release will be accessible on the Company’s investor relations website. Notably, the Company will not conduct an earnings conference call following the release.
Sportsman's Warehouse Holdings (SPWH) reported strong financial results for fiscal 2020, achieving a 58% increase in same-store sales for Q4 and 48% growth for the entire year. This surge was fueled by robust outdoor activity participation and increased firearm ownership. The company opened nine new stores in 2020, raising its total to 112. Additionally, a merger with Great Outdoors Group is set to finalize in the second half of 2021, with stockholders approving the acquisition at $18.00 per share. Management will not host an earnings call due to the pending merger.
Sportsman's Warehouse Holdings, Inc. (Nasdaq: SPWH) will announce its earnings results for the fourth quarter and full year of 2020 on March 31, 2021, after market close. This release will detail financial performance for the periods ending January 30, 2021. Investors can access the earnings press release on the company’s investor relations website. Notably, Sportsman's Warehouse will not hold a conference call following the earnings report.
Sportsman’s Warehouse Holdings (Nasdaq: SPWH) successfully completed its 2020 Camp Hobé donation drive, raising over $27,000 from customers across 40 stores in several states. In addition, the company contributed $5,000 directly to Camp Hobé, bringing the total donation to $32,543. This initiative supports kids with cancer, allowing them and their families to enjoy the outdoors and participate in activities that promote self-esteem and independence. The donations are tax-deductible and aim to provide a respite from medical environments.
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