Latest news with #PaulStone
Yahoo
5 days ago
- Business
- Yahoo
Sportsman's Warehouse (NASDAQ:SPWH) Reports Strong Q1 But Stock Drops 10.3%
Outdoor specialty retailer Sportsman's Warehouse (NASDAQ:SPWH) reported Q1 CY2025 results topping the market's revenue expectations , with sales up 2% year on year to $249.1 million. Its non-GAAP loss of $0.41 per share was 13.5% above analysts' consensus estimates. Is now the time to buy Sportsman's Warehouse? Find out in our full research report. Revenue: $249.1 million vs analyst estimates of $238.2 million (2% year-on-year growth, 4.6% beat) Adjusted EPS: -$0.41 vs analyst estimates of -$0.47 (13.5% beat) Adjusted EBITDA: -$8.96 million vs analyst estimates of -$10.02 million (-3.6% margin, 10.6% beat) EBITDA guidance for the full year is $39 million at the midpoint, above analyst estimates of $34.87 million Operating Margin: -7.9%, in line with the same quarter last year Free Cash Flow was -$64.05 million compared to -$37.96 million in the same quarter last year Same-Store Sales rose 2% year on year (-13.5% in the same quarter last year) Market Capitalization: $78.49 million 'In the first quarter we delivered our first positive same store sales comp in nearly four years, an indication that our transformation strategy continues to gain traction,' said Paul Stone, President and Chief Executive Officer of Sportsman's Warehouse. A go-to destination for individuals passionate about hunting, fishing, camping, hiking, shooting sports, and more, Sportsman's Warehouse (NASDAQ:SPWH) is an American specialty retailer offering a diverse range of active gear, equipment, and apparel. Examining a company's long-term performance can provide clues about its quality. Even a bad business can shine for one or two quarters, but a top-tier one grows for years. With $1.20 billion in revenue over the past 12 months, Sportsman's Warehouse is a small retailer, which sometimes brings disadvantages compared to larger competitors benefiting from economies of scale and negotiating leverage with suppliers. As you can see below, Sportsman's Warehouse's 6.1% annualized revenue growth over the last six years (we compare to 2019 to normalize for COVID-19 impacts) was tepid. This shows it failed to generate demand in any major way and is a rough starting point for our analysis. This quarter, Sportsman's Warehouse reported modest year-on-year revenue growth of 2% but beat Wall Street's estimates by 4.6%. Looking ahead, sell-side analysts expect revenue to remain flat over the next 12 months, a deceleration versus the last six years. This projection is underwhelming and implies its products will face some demand challenges. Unless you've been living under a rock, it should be obvious by now that generative AI is going to have a huge impact on how large corporations do business. While Nvidia and AMD are trading close to all-time highs, we prefer a lesser-known (but still profitable) stock benefiting from the rise of AI. Click here to access our free report one of our favorites growth stories. Same-store sales show the change in sales for a retailer's e-commerce platform and brick-and-mortar shops that have existed for at least a year. This is a key performance indicator because it measures organic growth. Sportsman's Warehouse's demand has been shrinking over the last two years as its same-store sales have averaged 8.5% annual declines. In the latest quarter, Sportsman's Warehouse's same-store sales rose 2% year on year. This growth was a well-appreciated turnaround from its historical levels, showing the business is regaining momentum. We were impressed by how significantly Sportsman's Warehouse blew past analysts' revenue, EPS, and EBITDA expectations this quarter. On the other hand, its gross margin missed. Zooming out, we think this was a good print with some key areas of upside. The market seemed to be hoping for more, and the stock traded down 10.3% to $2.10 immediately after reporting. Is Sportsman's Warehouse an attractive investment opportunity right now? What happened in the latest quarter matters, but not as much as longer-term business quality and valuation, when deciding whether to invest in this stock. We cover that in our actionable full research report which you can read here, it's free. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
13-05-2025
- Business
- Business Wire
Vertical Aerospace Provides First Quarter 2025 Operating Update, Demonstrating Momentum Towards Certification and Commercialisation
LONDON & NEW YORK--(BUSINESS WIRE)--Vertical Aerospace (Vertical) [NYSE: EVTL], a global aerospace and technology company that is pioneering electric aviation, today provided an operating update and released financial results for the first quarter ended March 31, 2025. The first quarter 2025 results filing is accessible on the Company's investor relations website. Stuart Simpson, CEO at Vertical, said: '2025 is on pace to be a transformational year for Vertical as we advance our piloted flight test programme and move into the final flight test phases. With the announcement of our hybrid-electric programme - opening up new high-value markets - and the expansion of our partnership with Honeywell to certify critical flight systems, we are deepening our technical and commercial edge. With growing regulatory confidence in the VX4 and a strong team behind us, we're well positioned to deliver a scalable, certifiable aircraft to the global market.' Recent Highlights Advancing Our Best-in-Class Aircraft: Entered into new long-term agreement with Honeywell to certify critical aircraft management and flight controls systems for the production version of the VX4. The agreement also includes new Honeywell inceptors to make the VX4 easier and safer for pilots to fly. Announced the development of a long range 1,000 mile hybrid-electric vertical-take-off-and landing (VTOL) variant of its VX4 aircraft to unlock new market opportunities in defence, logistics and wider commercial applications. Doubled flight testing capabilities with the delivery of the third full-scale VX4 prototype to Vertical's Flight Test Center, where assembly will be completed. Expanded Vertical's test pilot team with the appointment of Paul Stone, former Volocopter Chief Test Pilot, becoming one of the few eVTOL companies to have two test pilots with experience flying full-scale eVTOL aircraft. Supported the acceleration of global, industry-wide charging infrastructure by adopting the Combined Charging Standard (CCS) for the VX4. Moving at Pace Towards Certification and Industrialisation: In Q2 we anticipate receiving approval from the UK Civil Aviation Authority (CAA) to start piloted wingborne flight tests, another significant step in the expansion of our flight test programme. Scheduled to complete piloted transition flight, the final stage of Vertical's flight test programme, in the second half of 2025. Appointed three new Board members, James Keith (JK) Brown, Kris Haber, and Carsten Stendevad, bringing business development expertise, a deep understanding of capital markets, and experience scaling growth-stage companies. Financial Outlook: Maintained industry-leading capital efficiency 2; and as of March 31, 2025, cash and cash equivalents totaled £69 million ($89 million), expected to provide sufficient funding to support operations into the fourth quarter of 2025. No change to expectations for FY 2025 net operating cash outflows of approximately £90 million to £100 million ($110 million to $125 million). Expected net cash outflows from operating activities for the next 12 months of approximately £90 million ($120 million), which will be used primarily to continue funding the assembly and testing of the VX4. Joining the Q1 Webcast Vertical will host a webcast at 08:30 am ET (13:30 BST) today to discuss the first quarter's results. The call will be hosted by Stuart Simpson, Vertical's CEO and he will be joined by Dr Limhi Somerville, Vertical's Director of Engineering, who will talk through progress in Q1, Vertical's battery development programme and hybrid-electric capabilities. To access the webcast, visit Vertical's Investor Relations website: [ LINK ] A replay of the webcast will be available on the company website following the event. About Vertical Aerospace Vertical Aerospace is a global aerospace and technology company pioneering electric aviation. Vertical is creating a safer, cleaner and quieter way to travel. Vertical's VX4 is a piloted, four passenger, Electric Vertical Take-Off and Landing (eVTOL) aircraft, with zero operating emissions. Vertical combines partnering with leading aerospace companies, including GKN, Honeywell and Leonardo, with developing its own proprietary battery and propeller technology to develop the world's most advanced and safest eVTOL. Vertical has c.1,500 pre-orders of the VX4, with customers across four continents, including American Airlines, Japan Airlines, GOL and Bristow. Certain customer obligations are expected to be fulfilled via third-party agreements. Headquartered in Bristol, the epicentre of the UK's aerospace industry, Vertical's experienced leadership team comes from top tier automotive and aerospace companies such as Rolls-Royce, Airbus, GM and Leonardo. Together they have previously certified and supported over 30 different civil and military aircraft and propulsion systems. Forward-Looking Statements This press release contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 that relate to our current expectations and views of future events. We intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements as contained in Section 27A of the Securities Act and Section 21E of the Exchange Act. Any express or implied statements contained in this press release that are not statements of historical fact may be deemed to be forward-looking statements, including, without limitation, statements regarding our future results of operations and financial position as well as our financial outlook, the design and manufacture of the VX4, the features and capabilities of the VX4 and the hybrid-electric VX4 variant, certification and the commercialization of the both the VX4 and the hybrid-electric VX4 variant and our ability to achieve regulatory certification of our aircraft product on any particular timeline or at all, expected ability to certify the Honeywell Anthem Flight deck and compact fly-by-wire system for the production version of the VX4, business strategy and plans and objectives of management for future operations, including the building and testing of our prototype aircrafts on timelines projected, completion of the piloted test programme phases, selection of suppliers, trends in sovereign defense budgets, our ability to integrate hybrid technology into the VX4 on any particular timelines or at all, the ability of the hybrid-electric VX4 variant VX4 to be applied in defense, cargo, logistics and emergency services sectors, our ability to scale the hybrid-electric VX4 upon the VX4, our ability and plans to raise additional capital to fund our operations, anticipated Board changes and the new board members' impact on Vertical and its fundraising efforts, the differential strategy compared to our peer group, expectations surrounding pre-orders and commitments, our future results of operations and financial position and expected financial performance and operational performance, liquidity, growth and profitability strategies, the transition towards a net-zero emissions economy, as well as statements that include the words 'expect,' 'intend,' 'plan,' 'believe,' 'project,' 'forecast,' 'estimate,' 'may,' 'should,' 'anticipate,' 'will,' 'aim,' 'potential,' 'continue,' 'are likely to' and similar statements of a future or forward-looking nature. Forward-looking statements are neither promises nor guarantees, but involve known and unknown risks and uncertainties that could cause actual results to differ materially from those projected, including, without limitation: our limited operating history without manufactured non-prototype aircraft or completed eVTOL aircraft customer order; our potential inability to raise additional funds when we need or want them, or at all, to fund our operations; our limited cash and cash equivalents and recurring losses from our operations raise significant doubt (or raise substantial doubt as contemplated by PCAOB standards) regarding our ability to continue as a going concern; our potential inability to produce or launch aircraft in the volumes or timelines projected; the potential inability to obtain the necessary certifications for production and operation within any projected timeline, or at all; the inability for our aircraft to perform at the level we expect and may have potential defects; our dependence on partners and suppliers for the components in our aircraft and for operational needs; our history of losses and the expectation to incur significant expenses and continuing losses for the foreseeable future; the market for eVTOL aircraft being in a relatively early stage; any accidents or incidents involving eVTOL aircraft could harm our business; all of the pre-orders received are conditional and may be terminated at any time and any predelivery payments may be fully refundable upon certain specified dates; any potential failure to effectively manage our growth; our inability to recruit and retain senior management and other highly skilled personnel; we have previously identified material weaknesses in our internal controls over financial reporting which if we fail to properly remediate, could adversely affect our results of operations, investor confidence in us and the market price of our ordinary shares; and the other important factors discussed under the caption 'Risk Factors' in our Annual Report on Form 20-F filed with the U.S. Securities and Exchange Commission ('SEC') on March 11, 2025, as such factors may be updated from time to time in our other filings with the SEC. Any forward-looking statements contained in this press release speak only as of the date hereof and accordingly undue reliance should not be placed on such statements. We disclaim any obligation or undertaking to update or revise any forward-looking statements contained in this press release, whether as a result of new information, future events or otherwise, other than to the extent required by applicable law. 1 Based on operating costs and investments in PPE, compared to publicly available information from competitors. 2 Based on operating costs and investments in PPE, compared to publicly available information from competitors.
Yahoo
18-04-2025
- Business
- Yahoo
Q4 Earnings Review: Specialty Retail Stocks Led by Sportsman's Warehouse (NASDAQ:SPWH)
Let's dig into the relative performance of Sportsman's Warehouse (NASDAQ:SPWH) and its peers as we unravel the now-completed Q4 specialty retail earnings season. Some retailers try to sell everything under the sun, while others—appropriately called Specialty Retailers—focus on selling a narrow category and aiming to be exceptional at it. Whether it's eyeglasses, sporting goods, or beauty and cosmetics, these stores win with depth of product in their category as well as in-store expertise and guidance for shoppers who need it. E-commerce competition exists and waning retail foot traffic impacts these retailers, but the magnitude of the headwinds depends on what they sell and what extra value they provide in their stores. The 9 specialty retail stocks we track reported a mixed Q4. As a group, revenues were in line with analysts' consensus estimates while next quarter's revenue guidance was 0.5% below. Amidst this news, share prices of the companies have had a rough stretch. On average, they are down 7.8% since the latest earnings results. A go-to destination for individuals passionate about hunting, fishing, camping, hiking, shooting sports, and more, Sportsman's Warehouse (NASDAQ:SPWH) is an American specialty retailer offering a diverse range of active gear, equipment, and apparel. Sportsman's Warehouse reported revenues of $340.4 million, down 8.1% year on year. This print exceeded analysts' expectations by 3.6%. Overall, it was a stunning quarter for the company with an impressive beat of analysts' EPS estimates and a solid beat of analysts' EBITDA estimates. 'We were pleased that our quarterly trends continued to improve, with same store sales down slightly at 0.5% in the fourth quarter on a year-over-year comparable 13-week basis,' said Paul Stone, President and Chief Executive Officer of Sportsman's Warehouse. Sportsman's Warehouse scored the biggest analyst estimates beat of the whole group. The stock is up 52.3% since reporting and currently trades at $1.47. Is now the time to buy Sportsman's Warehouse? Access our full analysis of the earnings results here, it's free. Offering high-end prestige brands as well as lower-priced, mass-market ones, Ulta Beauty (NASDAQ:ULTA) is an American retailer that sells makeup, skincare, haircare, and fragrance products. Ulta reported revenues of $3.49 billion, down 1.9% year on year, outperforming analysts' expectations by 0.8%. The business had a strong quarter with an impressive beat of analysts' EBITDA and EPS estimates. The market seems happy with the results as the stock is up 14% since reporting. It currently trades at $358. Is now the time to buy Ulta? Access our full analysis of the earnings results here, it's free. Spun off from L Brands in 2020, Bath & Body Works (NYSE:BBWI) is a personal care and home fragrance retailer where consumers can find specialty shower gels, scented candles for the home, and lotions. Bath and Body Works reported revenues of $2.79 billion, down 4.3% year on year, in line with analysts' expectations. It was a slower quarter as it posted full-year EPS guidance missing analysts' expectations. As expected, the stock is down 30.9% since the results and currently trades at $28.42. Read our full analysis of Bath and Body Works's results here. Drawing gaming fans with demo units set up with the latest releases, GameStop (NYSE:GME) sells new and used video games, consoles, and accessories, as well as pop culture merchandise. GameStop reported revenues of $1.28 billion, down 28.5% year on year. This result missed analysts' expectations by 13.2%. All in all, it was a mixed quarter for the company. GameStop had the weakest performance against analyst estimates and slowest revenue growth among its peers. The stock is up 7.2% since reporting and currently trades at $27.27. Read our full, actionable report on GameStop here, it's free. With humble beginnings as a stereo equipment seller, Best Buy (NYSE:BBY) now sells a broad selection of consumer electronics, appliances, and home office products. Best Buy reported revenues of $13.95 billion, down 4.8% year on year. This number surpassed analysts' expectations by 2%. Aside from that, it was a satisfactory quarter as it also logged a solid beat of analysts' EBITDA estimates but full-year EPS guidance missing analysts' expectations. The stock is down 28.6% since reporting and currently trades at $62. Read our full, actionable report on Best Buy here, it's free. As a result of the Fed's rate hikes in 2022 and 2023, inflation has come down from frothy levels post-pandemic. The general rise in the price of goods and services is trending towards the Fed's 2% goal as of late, which is good news. The higher rates that fought inflation also didn't slow economic activity enough to catalyze a recession. So far, soft landing. This, combined with recent rate cuts (half a percent in September 2024 and a quarter percent in November 2024) have led to strong stock market performance in 2024. The icing on the cake for 2024 returns was Donald Trump's victory in the U.S. Presidential Election in early November, sending major indices to all-time highs in the week following the election. Still, debates around the health of the economy and the impact of potential tariffs and corporate tax cuts remain, leaving much uncertainty around 2025. Want to invest in winners with rock-solid fundamentals? Check out our Top 5 Quality Compounder Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate. Join Paid Stock Investor Research Help us make StockStory more helpful to investors like yourself. Join our paid user research session and receive a $50 Amazon gift card for your opinions. Sign up here.
Yahoo
01-04-2025
- Business
- Yahoo
Sportsman's Warehouse (NASDAQ:SPWH) Beats Expectations in Strong Q4, Stock Jumps 58.6%
Outdoor specialty retailer Sportsman's Warehouse (NASDAQ:SPWH) reported revenue ahead of Wall Street's expectations in Q4 CY2024, but sales fell by 8.1% year on year to $340.4 million. Its non-GAAP profit of $0.04 per share was significantly above analysts' consensus estimates. Is now the time to buy Sportsman's Warehouse? Find out in our full research report. Revenue: $340.4 million vs analyst estimates of $328.7 million (8.1% year-on-year decline, 3.6% beat) Adjusted EPS: $0.04 vs analyst estimates of -$0.06 (significant beat) Adjusted EBITDA: $14.57 million vs analyst estimates of $10.7 million (4.3% margin, 36.2% beat) EBITDA guidance for the upcoming financial year 2025 is $39 million at the midpoint, above analyst estimates of $35.63 million Operating Margin: 1.1%, up from -1.7% in the same quarter last year Free Cash Flow Margin: 14.6%, down from 16.2% in the same quarter last year Same-Store Sales were flat year on year (-12.8% in the same quarter last year) Market Capitalization: $37.73 million 'We were pleased that our quarterly trends continued to improve, with same store sales down slightly at 0.5% in the fourth quarter on a year-over-year comparable 13-week basis,' said Paul Stone, President and Chief Executive Officer of Sportsman's Warehouse. A go-to destination for individuals passionate about hunting, fishing, camping, hiking, shooting sports, and more, Sportsman's Warehouse (NASDAQ:SPWH) is an American specialty retailer offering a diverse range of active gear, equipment, and apparel. Some of us spend our leisure time vegging out, but many others take to the courts, fields, beaches, and campsites; sports equipment retailers cater to the avid sportsman as well as the weekend warrior. Shoppers can find everything from tents to lawn games to baseball bats to satisfy their athletic and leisure needs along with competitive prices and helpful store associates that can talk through brands, sizing, and product quality. This is a category that has moved rapidly online over the last few decades, so these sports and outdoor equipment retailers have needed to be nimble and aggressive with their e-commerce and omnichannel presences. A company's long-term sales performance is one signal of its overall quality. Any business can put up a good quarter or two, but the best consistently grow over the long haul. With $1.20 billion in revenue over the past 12 months, Sportsman's Warehouse is a small retailer, which sometimes brings disadvantages compared to larger competitors benefiting from economies of scale and negotiating leverage with suppliers. As you can see below, Sportsman's Warehouse grew its sales at a tepid 6.2% compounded annual growth rate over the last five years (we compare to 2019 to normalize for COVID-19 impacts). This shows it failed to generate demand in any major way and is a rough starting point for our analysis. This quarter, Sportsman's Warehouse's revenue fell by 8.1% year on year to $340.4 million but beat Wall Street's estimates by 3.6%. Looking ahead, sell-side analysts expect revenue to remain flat over the next 12 months, a deceleration versus the last five years. This projection doesn't excite us and suggests its products will see some demand headwinds. Unless you've been living under a rock, it should be obvious by now that generative AI is going to have a huge impact on how large corporations do business. While Nvidia and AMD are trading close to all-time highs, we prefer a lesser-known (but still profitable) stock benefiting from the rise of AI. Click here to access our free report one of our favorites growth stories. Same-store sales show the change in sales for a retailer's e-commerce platform and brick-and-mortar shops that have existed for at least a year. This is a key performance indicator because it measures organic growth. Sportsman's Warehouse's demand has been shrinking over the last two years as its same-store sales have averaged 11% annual declines. In the latest quarter, Sportsman's Warehouse's year on year same-store sales were flat. This performance was a well-appreciated turnaround from its historical levels, showing the business is improving. We were impressed by how significantly Sportsman's Warehouse blew past analysts' revenue, EPS, and EBITDA expectations this quarter. We were also excited its full-year EBITDA guidance outperformed Wall Street's estimates. Zooming out, we think this quarter featured some important positives. The stock traded up 60.6% to $1.55 immediately after reporting (we note the stock was down 62% year-to-date going into the print). Sportsman's Warehouse put up rock-solid earnings, but one quarter doesn't necessarily make the stock a buy. Let's see if this is a good investment. We think that the latest quarter is just one piece of the longer-term business quality puzzle. Quality, when combined with valuation, can help determine if the stock is a buy. We cover that in our actionable full research report which you can read here, it's free. Sign in to access your portfolio
Yahoo
01-04-2025
- Business
- Yahoo
Sportsman's Warehouse (NASDAQ:SPWH) Beats Expectations in Strong Q4, Stock Jumps 58.6%
Outdoor specialty retailer Sportsman's Warehouse (NASDAQ:SPWH) reported revenue ahead of Wall Street's expectations in Q4 CY2024, but sales fell by 8.1% year on year to $340.4 million. Its non-GAAP profit of $0.04 per share was significantly above analysts' consensus estimates. Is now the time to buy Sportsman's Warehouse? Find out in our full research report. Revenue: $340.4 million vs analyst estimates of $328.7 million (8.1% year-on-year decline, 3.6% beat) Adjusted EPS: $0.04 vs analyst estimates of -$0.06 (significant beat) Adjusted EBITDA: $14.57 million vs analyst estimates of $10.7 million (4.3% margin, 36.2% beat) EBITDA guidance for the upcoming financial year 2025 is $39 million at the midpoint, above analyst estimates of $35.63 million Operating Margin: 1.1%, up from -1.7% in the same quarter last year Free Cash Flow Margin: 14.6%, down from 16.2% in the same quarter last year Same-Store Sales were flat year on year (-12.8% in the same quarter last year) Market Capitalization: $37.73 million 'We were pleased that our quarterly trends continued to improve, with same store sales down slightly at 0.5% in the fourth quarter on a year-over-year comparable 13-week basis,' said Paul Stone, President and Chief Executive Officer of Sportsman's Warehouse. A go-to destination for individuals passionate about hunting, fishing, camping, hiking, shooting sports, and more, Sportsman's Warehouse (NASDAQ:SPWH) is an American specialty retailer offering a diverse range of active gear, equipment, and apparel. Some of us spend our leisure time vegging out, but many others take to the courts, fields, beaches, and campsites; sports equipment retailers cater to the avid sportsman as well as the weekend warrior. Shoppers can find everything from tents to lawn games to baseball bats to satisfy their athletic and leisure needs along with competitive prices and helpful store associates that can talk through brands, sizing, and product quality. This is a category that has moved rapidly online over the last few decades, so these sports and outdoor equipment retailers have needed to be nimble and aggressive with their e-commerce and omnichannel presences. A company's long-term sales performance is one signal of its overall quality. Any business can put up a good quarter or two, but the best consistently grow over the long haul. With $1.20 billion in revenue over the past 12 months, Sportsman's Warehouse is a small retailer, which sometimes brings disadvantages compared to larger competitors benefiting from economies of scale and negotiating leverage with suppliers. As you can see below, Sportsman's Warehouse grew its sales at a tepid 6.2% compounded annual growth rate over the last five years (we compare to 2019 to normalize for COVID-19 impacts). This shows it failed to generate demand in any major way and is a rough starting point for our analysis. This quarter, Sportsman's Warehouse's revenue fell by 8.1% year on year to $340.4 million but beat Wall Street's estimates by 3.6%. Looking ahead, sell-side analysts expect revenue to remain flat over the next 12 months, a deceleration versus the last five years. This projection doesn't excite us and suggests its products will see some demand headwinds. Unless you've been living under a rock, it should be obvious by now that generative AI is going to have a huge impact on how large corporations do business. While Nvidia and AMD are trading close to all-time highs, we prefer a lesser-known (but still profitable) stock benefiting from the rise of AI. Click here to access our free report one of our favorites growth stories. Same-store sales show the change in sales for a retailer's e-commerce platform and brick-and-mortar shops that have existed for at least a year. This is a key performance indicator because it measures organic growth. Sportsman's Warehouse's demand has been shrinking over the last two years as its same-store sales have averaged 11% annual declines. In the latest quarter, Sportsman's Warehouse's year on year same-store sales were flat. This performance was a well-appreciated turnaround from its historical levels, showing the business is improving. We were impressed by how significantly Sportsman's Warehouse blew past analysts' revenue, EPS, and EBITDA expectations this quarter. We were also excited its full-year EBITDA guidance outperformed Wall Street's estimates. Zooming out, we think this quarter featured some important positives. The stock traded up 60.6% to $1.55 immediately after reporting (we note the stock was down 62% year-to-date going into the print). Sportsman's Warehouse put up rock-solid earnings, but one quarter doesn't necessarily make the stock a buy. Let's see if this is a good investment. We think that the latest quarter is just one piece of the longer-term business quality puzzle. Quality, when combined with valuation, can help determine if the stock is a buy. We cover that in our actionable full research report which you can read here, it's free.
