Welcome to our dedicated page for Sportsmans Warehouse news (Ticker: SPWH), a resource for investors and traders seeking the latest updates and insights on Sportsmans Warehouse stock.
Sportsman’s Warehouse Holdings Inc (SPWH) operates as a leading outdoor retailer specializing in hunting, camping, and outdoor recreation gear. This news hub provides investors and stakeholders with verified updates directly from the company, including earnings announcements, product expansions, and strategic initiatives.
Our curated collection of SPWH news ensures access to official press releases and market-moving developments. Track updates across key operational areas such as retail expansions, partnership agreements, and leadership updates. The resource is designed to help users monitor the company’s position in the competitive outdoor goods sector.
Discover timely information on inventory launches, financial results, and corporate milestones. All content is sourced from authorized channels to maintain accuracy and compliance. Bookmark this page for streamlined access to SPWH’s latest business developments and industry communications.
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.
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.
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.
FAQ
What is the current stock price of Sportsmans Warehouse (SPWH)?
What is the market cap of Sportsmans Warehouse (SPWH)?
