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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 has agreed to merge with the Great American Outdoors Group, the parent company of Bass Pro Shops and Cabela’s, in a cash deal of $18 per share. This collaboration aims to enhance customer service and broaden product offerings while maintaining a commitment to conservation. The merger is anticipated to finalize in the second half of 2021, pending approval from Sportsman’s Warehouse shareholders and regulatory bodies. The partnership seeks to unite resources for a better outdoor experience and conservation efforts.
Sportsman's Warehouse (SPWH) reported strong financial results for Q3 and the first nine months of 2020. Net sales surged by 59.1% to $385.7 million in Q3, driven by increased demand in fishing, camping, and firearms. Same-store sales rose by 40.9%. Net income reached $30.5 million, a significant increase from $10.5 million in Q3 2019. E-commerce sales grew over 200% year-over-year, contributing to overall growth. The company anticipates Q4 sales between $356 million to $386 million, projecting a continued positive trend.
Sportsman's Warehouse (Nasdaq: SPWH) has announced a conference call scheduled for December 2, 2020, at 4:30 p.m. Eastern time. The call aims to discuss the company’s financial results for the third quarter and the year-to-date period ending October 31, 2020. Interested parties can access the call through the company’s investor relations website, where an archive will also be available for one year.
Sportsman's Warehouse specializes in outdoor retail, serving a diverse customer base with high-quality gear and service.
Sportsman’s Warehouse Holdings (Nasdaq: SPWH) announces the grand opening of its new store in Corona, California, scheduled for November 12-14, 2020. Residents will gain access to over 60,000 outdoor-focused items at competitive prices, including gear for hunting, fishing, camping, and more. The opening celebration will include discounts, door busters, and vendor demonstrations, aimed at providing a family-friendly atmosphere while ensuring safety through rigorous cleaning and social distancing practices. CEO Jon Barker emphasizes the commitment to quality service and community engagement.
Sportsman’s Warehouse Holdings (Nasdaq: SPWH) is set to open a new store in Brentwood, California, located at 5491 Lone Tree Way. The grand opening will take place from October 15-17, 2020, featuring over 60,000 outdoor products at low prices. CEO Jon Barker expressed excitement about becoming part of the community and highlighted the hiring of local experts. The store will adhere to strict health protocols to ensure safety. This expansion reflects the company's commitment to providing quality outdoor gear and exceptional customer service.
Sportsman’s Warehouse (SPWH) announced the acquisition of two Field & Stream locations in Erie, Pennsylvania, and Charleston, South Carolina, for $4.5 million, which will be funded by cash on hand. This strategic move aligns with the Company’s growth strategy aimed at expanding its market presence. Sportsman’s Warehouse has previously acquired 10 Field & Stream stores and plans to open nine additional stores this year, enhancing its footprint across 27 states with 107 existing locations.
Sportsman’s Warehouse Holdings (Nasdaq: SPWH) announced plans to open a new store in Chambersburg, Pennsylvania, on September 24-26, 2020. This will be the company's fourth location in the state, featuring over 60,000 items tailored for local outdoor enthusiasts, including hunting and camping gear. The grand opening will include special discounts, giveaways, and a mobile shooting range experience. The store emphasizes health safety protocols, aiming to provide a valuable community resource and exceptional service.
Sportsman's Warehouse has been invited to participate in Lake Street's 4th annual Best Ideas Growth Conference on September 17, 2020. During the event, company management will engage in one-on-one and group meetings with investors. Sportsman's Warehouse, listed on Nasdaq under the symbol SPWH, is committed to providing quality outdoor gear and exceptional service to cater to a wide range of outdoor enthusiasts. For further information, visit the Investor Relations section on their website.
Sportsman's Warehouse (SPWH) reported impressive financial results for the second quarter ended August 1, 2020, with net sales reaching $381 million, a 79.9% increase year-over-year. Same-store sales surged by 61%, driven by demand across all categories, particularly hunting and shooting. E-commerce sales soared over 300% compared to the previous year. The company reported a net income of $32.5 million, up from $5.5 million in Q2 2019. Despite a slight decline in gross profit margin to 33.9%, Sportsman's Warehouse ended the quarter nearly debt-free, with total liquidity of $183.5 million.
Sportsman's Warehouse (SPWH) announced its upcoming quarterly conference call to discuss Q2 and H1 2020 financial results scheduled for September 2, 2020, at 4:30 p.m. ET. The call will be available via the investor relations website, with an online archive accessible for one year post-call. This event highlights the Company's commitment to transparency and investor engagement as it aims to cater to a diverse outdoor customer base.
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