Latest news with #Sportsman'sWarehouseHoldingsInc
Yahoo
6 days ago
- Business
- Yahoo
Sportsman's Warehouse Holdings Inc (SPWH) Q1 2025 Earnings Call Highlights: Navigating Growth ...
Net Sales: $249.1 million, a 2% increase from $244.2 million in the same period last year. Gross Margin: 30.4%, up 20 basis points from 30.2% a year ago. SG&A Expenses: $95.3 million or 38.2% of net sales, improved from 38.6% in the prior year. Net Loss: $21.3 million or negative $0.56 per diluted share, compared with a net loss of $18.1 million or negative $0.48 per diluted share in the prior year. Adjusted Net Loss: $15.6 million or negative $0.41 per diluted share, compared with adjusted net loss of $17.8 million or negative $0.47 per diluted share in the prior year. Adjusted EBITDA: Negative $9 million, compared with negative $8.7 million in the first quarter of 2024. Total Inventory: $412.3 million, up from $391.6 million in the same period last year. Debt Balance: $166 million with total liquidity of $122.1 million. Same-Store Sales: First positive year-over-year sales comp in nearly four years. Firearm Unit Sales: Increased nearly 7% over last year, despite a 5.4% decline in adjusted NICS data. E-commerce Sales: Positive comp, up 8% over last year. Fishing Sales: Up 11%, with a two-year comp growth of 12.3%. Ammunition Sales: Up 3%, with a 12% increase in ammo unit sales during the quarter. Warning! GuruFocus has detected 7 Warning Signs with SPWH. Release Date: June 03, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Sportsman's Warehouse Holdings Inc (NASDAQ:SPWH) reported a 2% increase in net sales for Q1 2025, marking the first positive year-over-year sales comp in nearly four years. The company's e-commerce business posted an 8% increase over last year, driven by a new digital-first marketing strategy and improved omnichannel customer experience. Firearms unit sales increased nearly 7% over last year, significantly outpacing the adjusted NICS data, indicating market share gains. Positive sales comps were achieved in most core categories, including firearms, clothing and footwear, ammunition, and especially fishing, which was up 11%. The company is executing a strategic plan focused on inventory precision, local relevance, personal protection, and brand awareness, which is showing early signs of success. Despite the positive sales growth, Sportsman's Warehouse Holdings Inc (NASDAQ:SPWH) reported a net loss of $21.3 million for Q1 2025, compared to a net loss of $18.1 million in the prior year. Gross margin was slightly pressured by increased freight expenses tied to strategic inventory pull forward in anticipation of higher tariffs. SG&A expenses remained high at $95.3 million, representing 38.2% of net sales, though slightly improved from the prior year. The company pulled forward approximately $20 million in inventory to mitigate tariff impacts, temporarily elevating inventory levels. Camping sales were down, attributed to a later spring and the timing of Easter, impacting overall category performance. Q: Can you break down the positive comp trends for the quarter by month and extend that into May? A: Jeff White, CFO, explained that February showed good trends, March was pressured due to an ad shift, but April was strong. The positive trend continued into May, with May also showing a positive comp. Q: Are the positive trends in stores due to increased foot traffic or improved inventory assortments? A: Jeff White, CFO, noted it's a mix of both. They are seeing better traffic trends and higher basket sizes due to improved in-stock levels and strategic inventory management. Paul Stone, CEO, added that e-commerce performance is also contributing to store traffic. Q: Is there an opportunity to expand the "shop within a shop" concept, particularly for key brands? A: Paul Stone, CEO, confirmed there is significant opportunity to expand this concept, especially in personal protection. They plan to build out this strategy with more partners and categories. Q: Can you clarify the $20 million inventory pull forward in Q1? A: Jeff White, CFO, stated they strategically pulled forward $20 million in inventory to address tariff uncertainties, focusing on high-turning products like firearms, ammo, and fishing gear to ensure they are well-stocked for peak seasons. Q: How are tariffs impacting your financials, and what measures are you taking to mitigate these effects? A: Paul Stone, CEO, mentioned they are constantly assessing pricing and have a strategy to balance everyday low prices with efficiency improvements. Jeff White, CFO, added that they feel confident in their guidance barring any drastic changes in consumer health. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus.
San Francisco Chronicle
7 days ago
- Business
- San Francisco Chronicle
Sportsman's Warehouse: Fiscal Q1 Earnings Snapshot
WEST JORDAN, Utah (AP) — WEST JORDAN, Utah (AP) — Sportsman's Warehouse Holdings Inc. (SPWH) on Tuesday reported a loss of $21.3 million in its fiscal first quarter. The West Jordan, Utah-based company said it had a loss of 56 cents per share. Losses, adjusted for non-recurring costs, were 41 cents per share. The outdoor sporting goods specialty retailer posted revenue of $249.1 million in the period. _____
Yahoo
7 days ago
- Business
- Yahoo
Sportsman's Warehouse: Fiscal Q1 Earnings Snapshot
WEST JORDAN, Utah (AP) — WEST JORDAN, Utah (AP) — Sportsman's Warehouse Holdings Inc. (SPWH) on Tuesday reported a loss of $21.3 million in its fiscal first quarter. The West Jordan, Utah-based company said it had a loss of 56 cents per share. Losses, adjusted for non-recurring costs, were 41 cents per share. The outdoor sporting goods specialty retailer posted revenue of $249.1 million in the period. _____ This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on SPWH at 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
Yahoo
02-04-2025
- Business
- Yahoo
Sportsman's Warehouse Holdings Inc (SPWH) Q4 2024 Earnings Call Highlights: Navigating ...
Net Sales: $340.4 million for Q4 2024, compared to $370.4 million in Q4 2023. Same Store Sales: Decreased 0.5% in Q4 2024. Adjusted EBITDA: $14.6 million for Q4 2024, compared to $5.3 million in Q4 2023. Net Loss: $8.7 million or $0.23 per diluted share for Q4 2024. Adjusted Net Income: $1.6 million or $0.04 per diluted share for Q4 2024. Gross Margin: 30.4% for Q4 2024, up from 26.8% in Q4 2023. Inventory: $342 million at the end of 2024, down from $354.7 million at the end of 2023. Liquidity: $131.1 million at the end of 2024. Net Debt Reduction: Reduced by $27 million in 2024. Fishing Department Sales: Up 10.3% in Q4 2024. Camping Department Sales: Up 5.2% in Q4 2024. Firearm Unit Sales: Increased mid-single digits in Q4 2024. Warning! GuruFocus has detected 9 Warning Signs with SPWH. Release Date: April 01, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Sportsman's Warehouse Holdings Inc (NASDAQ:SPWH) achieved a significant improvement in Q4 adjusted EBITDA, increasing from $5 million in the previous year to $15 million. The company successfully reduced its net debt by $27 million and ended the year with a liquidity of $131 million, an increase of $40 million compared to the previous year. SPWH's e-commerce sales grew by double digits, contributing to a stronger omnichannel strategy and increased online and in-store traffic. The company outperformed the adjusted NICS data in firearms sales, indicating a strong market position despite industry challenges. Fishing and camping departments saw growth, with fishing sales up by double digits, demonstrating effective inventory management and seasonal readiness. Q4 net sales declined by 0.9% compared to the same period last year, reflecting ongoing challenges in the retail environment. The company experienced a trade-down in firearms, with consumers opting for lower-priced options, which pressured sales dollars despite increased unit sales. Footwear and apparel categories faced declines, attributed to tough comparisons from the prior year's clearance events. SG&A expenses as a percentage of net sales increased to 29.4% from 29% in the previous year, indicating higher operational costs. The company reported a net loss of $8.7 million for Q4, consistent with the previous year, due to a $10.1 million valuation allowance related to deferred tax assets. Q: How have sales trends been in February and March, particularly in firearms and ammunition? A: Jeff White, CFO, noted that February saw positive sales trends, continuing from January. March trends were affected by a shift in holidays, with Easter falling in April, causing some large ads to be pushed back. However, overall trends remained positive through February. Q: Can you discuss the cadence of the year and the timing of store openings? A: Jeff White explained that Q1 might feel pressure due to a later start of spring, but Q2 and Q3 present opportunities, especially in fishing and hunting. A new store is planned to open at the end of Q3 or beginning of Q4. Q: How do you expect EBITDA to convert to free cash flow, and what opportunities exist for working capital efficiency? A: Jeff White stated that while no specific free cash flow guidance is provided, they expect positive free cash flow through increased profitability and inventory efficiency. The focus is on being seasonally ready and managing inventory flow effectively. Q: Is the trade-down environment in firearms an opportunity for market share gain? A: Jeff White confirmed that focusing on in-stock items and adjusting assortments to meet customer demand has helped outperform industry trends. Despite lower average unit prices, they maintain strong basket values through add-ons. Q: How is the e-commerce business performing, and what is its impact on overall profitability? A: Jeff White reported double-digit growth in e-commerce, now over 17% of total business, with a significant portion fulfilled in-store. This omnichannel approach enhances profitability by driving store traffic and increasing average order values. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Sign in to access your portfolio
Yahoo
01-04-2025
- Business
- Yahoo
Sportsman's Warehouse: Fiscal Q4 Earnings Snapshot
WEST JORDAN, Utah (AP) — WEST JORDAN, Utah (AP) — Sportsman's Warehouse Holdings Inc. (SPWH) on Tuesday reported a loss of $8.7 million in its fiscal fourth quarter. On a per-share basis, the West Jordan, Utah-based company said it had a loss of 23 cents. Earnings, adjusted for one-time gains and costs, came to 4 cents per share. The outdoor sporting goods specialty retailer posted revenue of $340.4 million in the period. For the year, the company reported a loss of $33.1 million, or 87 cents per share. Revenue was reported as $1.2 billion. _____ This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on SPWH at Sign in to access your portfolio
