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. reports developments for an outdoor specialty retailer serving hunters, anglers, campers, shooters, and other outdoor participants through stores and e-commerce. Recurring updates cover quarterly and annual results, same-store sales, gross margin, inventory productivity, debt reduction, outlooks, and category performance in hunting, shooting sports, fishing, firearms, personal protection, camping, apparel, footwear, optics, electronics, and accessories.
Company news also includes store activity, assortment and in-stock initiatives, earnings-call scheduling, and board composition changes. These updates frame the retailer's operating focus on outdoor gear, customer service, seasonal demand, and working-capital discipline.
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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.