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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 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.
Sportsman’s Warehouse (Nasdaq: SPWH) has partnered with The Outdoor Group, LLC to sponsor the archery hunting show “Respect the Game” for one year starting December 28, 2020. The show highlights bowhunting strategies and product effectiveness through real hunting experiences, airing on multiple channels and reaching 32 million homes. Sportsman’s Warehouse aims to showcase its products during the show, enhancing visibility among outdoor enthusiasts. This collaboration is expected to strengthen the company's brand presence in the hunting community.
Sportsman’s Warehouse Holdings (Nasdaq: SPWH) has launched the exclusive Vanguard MeatEater Edition hunting rifles in collaboration with Weatherby. This limited edition rifle guarantees SUB-MOA accuracy, featuring a three-position safety and a spiral fluted barrel. Available in six calibers, the product aims to meet the demands of hunters seeking quality and affordability. CEO Jon Barker highlights the innovative collaboration with Weatherby and the MeatEater brand, creating a lightweight, durable, and accurate rifle. This product is expected to attract significant interest in the hunting community.
Sportsman’s Warehouse (Nasdaq: SPWH) is sponsoring the Ducks Unlimited Great Outdoors Festival on July 11, 2020, from 9:00 a.m. to 3:00 p.m., supporting local conservation efforts. The event features free memberships for the first 300 youth attendees, a free lunch, and various outdoor activities. There will also be vendor demonstrations, product discounts, and a chance to win a $300 gift card. The festival celebrates Sportsman’s Warehouse's 14th anniversary in Chattanooga and emphasizes their commitment to community engagement.
Sportsman’s Warehouse (Nasdaq: SPWH) is set to celebrate the grand opening of its new location in Kalamazoo, Michigan, from June 26-28, 2020. The store will offer over 60,000 region-specific items, family-oriented events, and career opportunities. Activities include a mobile shooting range and special discounts. Sportsman’s Warehouse emphasizes quality outdoor gear, apparel, and exceptional service. Health and safety protocols will be upheld to ensure a safe shopping experience for customers and staff alike.
Sportsman's Warehouse Holdings (SPWH) will present at the 40th Annual William Blair Growth Stock Conference on June 10, 2020, at 2:20 PM ET. The presentation will be accessible via a live webcast and archived replay two hours after the event. Sportsman's Warehouse is an outdoor specialty retailer dedicated to serving outdoor enthusiasts with exceptional gear and services.
Sportsman's Warehouse (SPWH) reported strong financial results for Q1 2020, with net sales of $246.8 million, up 41.8% from the previous year, driven by increased demand for firearms and ammunition. Same store sales rose 28.6%. Adjusted net income improved to $0.4 million, compared to an adjusted net loss in Q1 2019. Gross profit was $74.8 million, though gross profit margin slipped to 30.3%. The company reduced its debt by $31.1 million year-over-year. Management opted not to provide future guidance due to economic uncertainty.
Sportsman's Warehouse Holdings, Inc. (SPWH) announced a quarterly conference call scheduled for June 4, 2020, at 4:30 p.m. ET to discuss its first quarter 2020 financial results. The call will be accessible via the Company's investor relations website and will feature an online archive available for one year. Sportsman's Warehouse is dedicated to providing quality outdoor gear and exceptional service to its customers.
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