WEST JORDAN, Utah, March 18, 2025 (GLOBE NEWSWIRE) -- Sportsman's Warehouse Holdings, Inc. ("Sportsman's Warehouse" or the "Company") (Nasdaq: SPWH) today announced that it will hold its quarterly conference call to discuss fourth quarter and full-year 2024 financial results on Tuesday, April 1, 2025, at 5:00 p.m. Eastern Time. A live audio webcast of the conference call will be available on the Company’s investor relations website at http://investors.sportsmans.com/. A replay of the webcast will be availab ...

WEST JORDAN, Utah, March 12, 2025 (GLOBE NEWSWIRE) -- Sportsman's Warehouse Holdings, Inc. ("Sportsman's Warehouse" or the "Company") (NASDAQ:SPWH) announced today that customers can now purchase suppressors online through its retail partnership with Silencer Central. Through this unique program, customers can shop the Sportsman's Warehouse website for suppressors, with Silencer Central taking care of the required paperwork and convenient door to door delivery. Paul Stone, Chief Executive Officer of Sportsm ...

WEST JORDAN, Utah, March 12, 2025 (GLOBE NEWSWIRE) -- Sportsman’s Warehouse Holdings, Inc. (“Sportsman’s Warehouse” or the “Company”) (Nasdaq: SPWH) announced today that customers can now purchase suppressors online through its retail partnership with Silencer Central. Through this unique program, customers can shop the Sportsman’s Warehouse website for suppressors, with Silencer Central taking care of the required paperwork and convenient door to door delivery. Paul Stone, Chief Executive Officer of Sports ...

Exclusive partnership with leading Less-Lethal Personal Protection Solutions brand will create in-store and ecommerce shop-in-shops and live, in-store demo experienceWEST JORDAN, Utah, March 05, 2025 (GLOBE NEWSWIRE) -- Sportsman’s Warehouse Holdings, Inc. (“Sportsman’s Warehouse” or the “Company”) (Nasdaq: SPWH) announced today an exclusive partnership with Byrna Technologies (“Byrna”) (Nasdaq: BYRN), a technology company, specializing in the development, manufacture, and sale of innovative less-lethal per ...

WEST JORDAN, Utah, Feb. 05, 2025 (GLOBE NEWSWIRE) -- Sportsman’s Warehouse Holdings, Inc. (“Sportsman’s Warehouse” or the “Company”) (Nasdaq: SPWH) announced today that it has named Jeff Dunn as its new Chief Merchandising Officer, effective immediately. In his position, Dunn will be responsible for the company’s merchandising, planning and private label development strategies. “We are pleased to welcome Jeff as our new Chief Merchandising Officer,” said Paul Stone, Sportsman’s Warehouse President and Chief ...

Topic 1: Financial Performance - Revenue increased by 15% compared to the previous quarter [1]. - Net profit margin improved to 12%, up from 10% last year [2]. - Operating expenses rose by 8% due to higher marketing costs [3]. Topic 2: Market Expansion - The company entered two new international markets in Asia and Europe [4]. - Market share in the domestic market grew by 3% [5]. - A new product line was launched to target younger demographics [6]. Topic 3: Operational Efficiency - Production costs decreased by 5% due to process optimization [7]. - Supply chain disruptions were minimized through strategic partnerships [8]. - Employee productivity increased by 10% following training programs [9]. Topic 4: Strategic Investments - The company invested $50 million in R&D for new technologies [10]. - A new manufacturing facility was opened to support future growth [11]. - Acquisitions of two smaller firms were completed to enhance capabilities [12]. Topic 5: Risk Management - Cybersecurity measures were strengthened to protect customer data [13]. - A contingency plan was developed to address potential economic downturns [14]. - Insurance coverage was expanded to mitigate operational risks [15]. Topic 6: Corporate Social Responsibility - The company reduced its carbon footprint by 20% through sustainable practices [16]. - A new initiative was launched to support local communities [17]. - Employee volunteer hours increased by 25% compared to last year [18].

Financial Data and Key Metrics - Net sales for Q3 2024 were $324.3 million, down 4.8% YoY from $340.6 million in Q3 2023 [22] - Same-store sales decreased 5.7% YoY, marking the second consecutive quarter of improved trends with a 320 basis points improvement versus the prior quarter [22] - Gross margin for Q3 was 31.8%, up from 30.3% in the prior year, but below expectations due to category and product mix shifts, particularly higher-than-expected penetration of firearms and ammo, which carry lower gross margins [24] - SG&A expense as a percentage of net sales was 30.8% ($100 million), compared to 29.4% ($100.1 million) in Q3 2023, reflecting the first quarter of cost reduction initiatives [25] - Net loss for Q3 was $0.4 million ($0.01 per diluted share), compared to a net loss of $1.3 million ($0.4 per diluted share) in Q3 2023 [26] - Adjusted EBITDA for Q3 was $16.4 million, slightly up from $16.2 million in the prior year [27] Business Line Performance - Fishing and camping departments, along with the gift bar category (optics, electronics, and cutlery), were comp positive for the quarter, with fishing up 13% YoY [9] - Firearms outperformed the adjusted mix in Q3, solidifying the company's position as a leader in this category [9] - Apparel and footwear underperformed, impacting gross margins due to lower sales and penetration in these high-margin categories [24] Market Performance - The company faced tough YoY comparisons due to unique events in the prior year, including footwear and apparel clearance events and a spike in firearms and ammo demand driven by geopolitical events [23] - The company is focusing on geographic micro-seasons and leveraging data and analytics to align inventory with regional demand [11] Strategic Direction and Industry Competition - The company is refining its merchandising and inventory strategy, including SKU rationalization and targeted promotions to align with seasonal demand [8] - Investments in IT systems and tools are expected to improve in-stock levels, gross margins, and inventory productivity [13] - The company is enhancing its omnichannel strategy, with e-commerce-driven sales showing positive results in Q3 [15] - A new omnichannel marketing campaign was introduced for the holiday season, focusing on gifting and value-driven shopping [16] Management Commentary on Operating Environment and Future Outlook - The company remains optimistic about growth potential and is focused on disciplined expense management and reducing inventory levels to generate positive free cash flow [19] - Gross margin pressure is expected to persist in Q4 due to promotional activities and a shift in product mix, but the company aims to improve margins in the following year [12][32] - The company is confident in achieving its full-year 2024 guidance, with net sales expected to be in the range of $1.18 billion to $1.2 billion and adjusted EBITDA between $23 million and $29 million [33] Other Important Information - Ending inventory for Q3 was $438.1 million, up from $446.3 million in Q3 2023, with a 2.5% decrease on a per-store basis [28] - The company expects to end fiscal 2024 with inventory below $350 million as it executes its holiday strategy and cleans up unproductive localized inventory [29] - Total debt at the end of Q3 was $154 million, with total liquidity of $151 million and $148 million available under credit facilities [30] Q&A Session Summary Question: Monthly comp trends and promotional response in Q3 [36] - Comps improved sequentially month-over-month in Q3, with more aggressive promotions to offset tough YoY comparisons [37] - Q4 comps are expected to be down 5-6% YoY, with adjustments for the 53rd week in the prior year impacting comparisons [38][39] Question: New promotional approach and marketing strategy [41] - Promotions in October focused on firearms and ammo, while November and December shifted to gifting and value-driven campaigns [42] - The company is leveraging digital marketing and data-driven insights to improve customer acquisition and brand awareness [44] Question: SG&A cost-cutting and future savings [45] - The company is investing back into store labor while continuing to explore cost savings in back-office functions [46] - SG&A is expected to remain steady in Q4 and into 2025 [47] Question: Gross margin trends and inventory management [51] - Gross margins were impacted by outperformance in firearms and ammo, as well as freight costs for holiday inventory [52] - The company is confident in achieving its year-end inventory and sales targets, with minimal discounting expected [54] Question: Tariff exposure and private label sales [55] - Direct exposure to tariffs is under 3% of sales, primarily affecting private label products [55] - The company is monitoring potential impacts on branded products and pricing strategies for 2025 [56] Question: Q4 gross margin and EBITDA guidance [59] - Q4 gross margins are expected to improve YoY due to reduced clearance activity, with EBITDA guidance implying sub-30% gross margins [59] Question: Omnichannel marketing campaign focus [61] - The campaign is primarily focused on bottom-of-funnel activities, driving e-commerce transactions and leveraging digital channels [62] Question: Hunting category performance and strategy [68] - Hunting faced headwinds from tough YoY comparisons, but firearms outperformed NICS on a unit basis [70] - The company is focusing on inventory cleanup and reinvestment in ammo to drive store traffic [72] Question: Consumer behavior and higher-end customer trends [80] - The company is targeting consumers more precisely through digital channels but has not seen a significant uptick in higher-end spending [80] Question: Firearms and ammo performance in Q4 [81] - The company is confident in outperforming NICS on a unit basis in Q4, with strong attachment rates offsetting margin pressure [82] Question: Holiday season progress and inventory management [85] - The company is tracking ahead of its 2019 model for holiday sales but remains cautious about the final two weeks of the quarter [86] - Inventory levels are expected to be managed effectively, with minimal clearance activity in January [88] Question: New store openings and format [91] - A new store is planned for late Q2 or early Q3 2025 in Arizona, with a standard 30,000 square foot format and focus on personal protection [91][93]

Exhibit 99.1 Sportsman's Warehouse Holdings, Inc. Announces Third Quarter 2024 Financial Results WEST JORDAN, Utah, December 10, 2024--Sportsman's Warehouse Holdings, Inc. ("Sportsman's Warehouse" or the "Company") (Nasdaq: SPWH) today announced third quarter financial results for the thirteen and thirty-nine weeks ended November 2, 2024. "Despite a pressured consumer and complex macroeconomic environment, we focused our efforts on driving sales and achieved growth in our fishing, camping and gift bar categ ...

WEST JORDAN, Utah, Nov. 26, 2024 (GLOBE NEWSWIRE) -- Sportsman's Warehouse Holdings, Inc. ("Sportsman's Warehouse" or the "Company") (Nasdaq: SPWH) today announced that it will hold its quarterly conference call to discuss third quarter 2024 financial results on Tuesday, December 10, 2024 at 5:00 p.m. Eastern Time. A live audio webcast of the conference call will be available on the Company’s investor relations website at http://investors.sportsmans.com/. A replay of the webcast will be available within two ...

Veteran initiatives core part of company values WEST JORDAN, Utah, Nov. 08, 2024 (GLOBE NEWSWIRE) -- Sportsman's Warehouse Holdings, Inc. ("Sportsman's Warehouse" or the "Company"), https://www.sportsmans.com, an outdoor sporting goods specialty retailer, today announced the launch of an integrated program recognizing veterans and active-duty service members. The Honoring Your Service, Supporting Your Adventures program, demonstrates the retailer’s commitment to America's military community. “We’d like to t ...