Sportsmans Warehouse Stock Price, News & Analysis

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.

Sportsman's Warehouse Holdings (SPWH) will hold a quarterly conference call on March 29, 2022, at 4:30 PM ET to discuss its fourth quarter and fiscal year 2021 financial results. Interested parties can access a live audio webcast on the company's investor relations website, with a replay available until April 5, 2022. Sportsman's Warehouse specializes in outdoor retail, catering to both seasoned and novice outdoor enthusiasts.

Sportsman’s Warehouse Holdings, Inc. (Nasdaq: SPWH) announced the appointment of Riley Timmer as Vice President of Investor Relations and Corporate Development. Timmer will lead investor-related activities and expand market opportunities for outdoor use, along with overseeing ES&G initiatives. With over 20 years of experience in finance and investor relations, he previously served as Global Head of Investor Relations at NewAge, Inc. CEO Jon Barker expressed confidence in Timmer's ability to effectively communicate the company's strategy to investors.

Sportsman’s Warehouse Holdings, Inc. (Nasdaq: SPWH) has appointed Tom Clement as the Vice President of Supply Chain/Omnichannel Operations, effective January 31, 2022. This newly established role aims to streamline distribution and enhance customer experiences by overseeing supply chain management and omnichannel strategies. Clement brings extensive experience from his consulting background and leadership roles at prominent retailers. CEO Jon Barker emphasizes that Clement's expertise will support the company’s growth and meet increasing demand for outdoor gear.

Sportsman’s Warehouse Holdings (Nasdaq: SPWH) appointed Jeff White as Chief Financial Officer effective January 21, 2022. With six years at the company, White previously held roles including Vice President of Finance and Interim CFO. His extensive financial expertise is expected to enhance the company’s strategic growth and investor relations. CEO Jon Barker expressed confidence in White’s ability to lead financial operations as the company transitions back to an independent public entity.