Sportsmans Warehouse Stock Price, News & Analysis

Sportsman’s Warehouse Holdings, Inc. (SPWH) has appointed Sherry Jane Love as the Senior Vice President of Merchandising, tasked with enhancing omni-channel merchandising and private brand development.

CEO Jon Barker expressed confidence in Love's leadership and experience, which spans nearly 30 years in retail. Love's previous roles include positions at notable retailers, and she possesses a strong commitment to outdoor activities. This leadership change is expected to drive growth and elevate the company’s market presence in the specialty outdoors category.

Sportsman's Warehouse (Nasdaq: SPWH) is set to participate in two key investment conferences. The first is Craig-Hallum’s 19th Annual Institutional Investor Conference on June 1, 2022, where management will conduct one-on-one and group meetings with investors. Following this, the company will join Baird’s 2022 Global Consumer, Technology and Services Conference on June 7, 2022, featuring a fireside chat and additional meetings. These events highlight Sportsman's Warehouse's commitment to engaging with investors and showcasing its outdoor specialty retail focus.

Sportsman’s Warehouse Holdings, Inc. (Nasdaq: SPWH) is set to open a new store in Riverton, Wyoming on May 26, 2022, enhancing local access to outdoor gear amidst growing demand. This marks the company's seventh store in Wyoming, expanding its total to 126 nationwide. The new location, spanning 9,275 square feet, aims to serve the outdoor community surrounding popular destinations like Yellowstone and Grand Teton National Parks. CEO Jon Barker emphasizes the commitment to providing exceptional service and supporting local economies.

Sportsman's Warehouse announced a quarterly conference call scheduled for May 31, 2022, at 5:00 p.m. Eastern Time to discuss its first quarter 2022 financial results. A live audio webcast will be available on the Company’s investor relations website, with a replay accessible until June 7, 2022. The Company specializes in outdoor retail, aiming to meet the needs of various outdoor enthusiasts.

Sportsman's Warehouse Holdings, Inc. (Nasdaq: SPWH) announced the appointment of Sruti Patnaik as Chief Information Officer. With over 20 years of retail experience, she will lead the company’s Information Technology initiatives and omni-channel capabilities. Sportsman's Warehouse aims to enhance diversity and inclusion under her leadership. Patnaik's previous roles include Senior Vice President at Ross Stores. She has been recognized for her contributions to diversity in tech and is active in education for underserved children. This leadership change aims to drive technological advancements for improved customer service.

Sportsman’s Warehouse Holdings (Nasdaq: SPWH) has announced the opening of two new stores in Saratoga Springs and Stansbury Park, Utah, to meet growing demand for outdoor gear. With these additions, the company now operates 125 locations nationwide. The new stores feature approximately 40,658 square feet of merchandise, including hunting, fishing, and camping gear. CEO Jon Barker emphasized the commitment to expanding their retail footprint to capture market share as outdoor participation rises. The new locations will also provide career opportunities and support local economies.

Sportsman’s Warehouse Holdings has launched its annual Maintain the Terrain clean-up program, aimed at improving environmental stewardship. The program runs from April to September 2022, with a goal of increasing clean-up events from over 70 in 2021 to more than 250 in 2022.

Each of the company's 122 stores will engage with local communities to organize clean-up activities at outdoor recreation sites. The initiative reflects a commitment to fostering responsible enjoyment of the outdoors and raising awareness about environmental preservation.

Sportsman's Warehouse Holdings (Nasdaq: SPWH) reported its financial results for the fourth quarter and fiscal year ended January 29, 2022. Net sales decreased 5% to $416.3 million for Q4 but increased 3.7% to $1.506 billion for the fiscal year, driven by new store openings and e-commerce growth. Gross profit for Q4 was $136.6 million (32.8% of net sales), and net income reached $58.4 million. Looking ahead, Q1 2022 sales are expected between $300 million and $310 million, with same-store sales projected to decline 11% to 14% year-over-year.

Sportsman's Warehouse announced a share repurchase program authorized by its Board of Directors, allowing for the buyback of up to $75 million of its common stock, starting March 31, 2022. This initiative reflects the Company's confidence in its fundamentals and aims to enhance shareholder value. The program will continue until the anniversary of its commencement. Repurchases can occur at any time, utilizing cash on hand or available borrowings from the revolving credit facility.