Sportsmans Warehouse Stock Price, News & Analysis

Sportsman’s Warehouse Holdings (Nasdaq: SPWH) is set to open a new store in Brentwood, California, located at 5491 Lone Tree Way. The grand opening will take place from October 15-17, 2020, featuring over 60,000 outdoor products at low prices. CEO Jon Barker expressed excitement about becoming part of the community and highlighted the hiring of local experts. The store will adhere to strict health protocols to ensure safety. This expansion reflects the company's commitment to providing quality outdoor gear and exceptional customer service.

Sportsman’s Warehouse (SPWH) announced the acquisition of two Field & Stream locations in Erie, Pennsylvania, and Charleston, South Carolina, for $4.5 million, which will be funded by cash on hand. This strategic move aligns with the Company’s growth strategy aimed at expanding its market presence. Sportsman’s Warehouse has previously acquired 10 Field & Stream stores and plans to open nine additional stores this year, enhancing its footprint across 27 states with 107 existing locations.

Sportsman’s Warehouse Holdings (Nasdaq: SPWH) announced plans to open a new store in Chambersburg, Pennsylvania, on September 24-26, 2020. This will be the company's fourth location in the state, featuring over 60,000 items tailored for local outdoor enthusiasts, including hunting and camping gear. The grand opening will include special discounts, giveaways, and a mobile shooting range experience. The store emphasizes health safety protocols, aiming to provide a valuable community resource and exceptional service.

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.