WEST JORDAN, Utah, Aug. 20, 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 second quarter 2024 financial results on Tuesday, September 3, 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 tw ...

WEST JORDAN, Utah, Aug. 01, 2024 (GLOBE NEWSWIRE) -- Sportsman's Warehouse Holdings, Inc. ("Sportsman's Warehouse" or the "Company") (Nasdaq: SPWH) announced today that it has secured a $45 million term loan with a syndicate of premier financial institutions, strengthening the Company's balance sheet and overall liquidity. With the addition of the $45 million term loan, the Company's total borrowing capacity, which includes its revolving credit facility is now $395 million, subject to borrowing base calcula ...

About Sportsman's Warehouse Holdings, Inc. This press release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 as contained in Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements in this release include, but are not limited to, statements regarding the responsibilities of Ms. Sanderson as the Senior Vice President of Marketing & Ecommerce and the future growth prospects and ...

Susan is a skilled omni-channel marketer with more than two decades of experience as a Corporate Officer, Principal Consultant and Agency Strategist. She is recognized as a preeminent retail expert, professional who drives modern marketing maturity and a transformative brand builder who thrives on empowering teams to achievement. Her recent roles include Party City Holding Inc. (SVP Enterprise Marketing), The Vitamin Shoppe (Chief Brand & Customer Experience Officer), and Walgreens Boots Alliance (Acting DV ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended May 4, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from_______to_______ Commission File Number: 001-36401 SPORTSMAN'S WAREHOUSE HOLDINGS, INC. (Exact name of registrant as specified in its charter) | Delaware | 39-1975614 | | -- ...

Financial Data and Key Metrics Changes - Net sales for the first quarter were $244 million, down from $267 million in the prior year, with same-store sales decreasing by 13.5% [22][31] - Gross margin improved to 30.2% from 29.9% in the prior year, primarily driven by better performance in the fishing department [14] - Net loss for the first quarter was $18.1 million, or negative $0.48 per diluted share, compared to a net loss of $15.6 million, or negative $0.42 per diluted share in the prior year [15] - Adjusted EBITDA for the first quarter was negative $8.7 million, compared to negative $7.8 million in the first quarter of 2023 [15] Business Line Data and Key Metrics Changes - Hunting department sales were down about 7% year-over-year, with fewer customers purchasing firearms and ammunition [5] - Camping sales decreased approximately 6%, apparel sales were down about 26%, and footwear sales fell about 28% [23] - The fishing category saw positive comp sales growth in Q1, attributed to improved inventory and merchandising strategies [24] Market Data and Key Metrics Changes - Total inventory at the end of the first quarter was $391.7 million, down from $469.5 million a year earlier, representing a decrease of approximately 22% on a per store basis [57] - The company ended the first quarter with a debt balance of $164 million and total liquidity of $80.8 million [16] Company Strategy and Development Direction - The company is focused on resetting and rebuilding retail fundamentals, emphasizing great gear and exceptional service [4][22] - A strategic emphasis on inventory management and the introduction of value-add service programs to enhance customer experience and margins [11][12] - Plans to relaunch stores in early fall to prepare for the key selling seasons [29] Management's Comments on Operating Environment and Future Outlook - The management acknowledged the challenging macroeconomic environment and consumer discretionary spending pressures [22][31] - Despite current challenges, the management remains optimistic about 2024, viewing it as a reset phase with expectations for progress [29] - The company is focused on expense management, having reduced overall costs by $4.6 million year-over-year [27] Other Important Information - The company is implementing more aggressive promotional activities during Q2 to drive traffic, particularly around key holidays [53] - The company expects fiscal 2024 net sales to be in the range of $1.15 billion to $1.23 billion, with adjusted EBITDA projected between $45 million and $65 million [58] Q&A Session Summary Question: Given the slightly weaker Q1, what gives confidence to reiterate the guidance for the year? - Management noted that despite Q1 softness, there is significant opportunity in the back half of the year to improve profitability and drive sales [36] Question: Have there been any changes due to recent political and regulatory chatter? - Management indicated no significant changes in trends due to political or regulatory chatter [38] Question: What categories are showing early signs of improved trends? - The fishing category is currently the only one showing positive trends, with improvements expected in camping as well [39][40] Question: Can you discuss the progression of comps during Q1? - Comp store sales were tough at the beginning of Q1 due to low inventory, but improved as new merchandise was introduced [43][44] Question: How are you managing inventory in apparel and footwear? - The company has narrowed its supplier base significantly, allowing for better inventory management and strategic markdowns [76][88] Question: What is the status of private label assortment? - The company is seeing early successes with private label products, which are expected to insulate the business during market fluctuations [78]

Sportsman's Warehouse (SPWH) came out with a quarterly loss of $0.47 per share versus the Zacks Consensus Estimate of a loss of $0.38. This compares to loss of $0.39 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -23.68%. A quarter ago, it was expected that this outdoor sporting goods specialty retailer would post a loss of $0.30 per share when it actually produced a loss of $0.20, delivering a surprise of 33.33%. Over the l ...

Exhibit 99.1 Sportsman's Warehouse Holdings, Inc. Announces First Quarter 2024 Financial Results Reaf irms full-year 2024 Guidance WEST JORDAN, Utah, June 4, 2024--Sportsman's Warehouse Holdings, Inc. ("Sportsman's Warehouse" or the "Company") (Nasdaq: SPWH) today announced financial results for the thirteen weeks ended May 4, 2024. "Although our results continue to be affected by a challenging macroenvironment, we continue to execute on our efforts on resetting the organization to focus on providing our pa ...

WEST JORDAN, Utah, June 04, 2024 (GLOBE NEWSWIRE) -- Sportsman's Warehouse Holdings, Inc. ("Sportsman's Warehouse" or the "Company") (Nasdaq: SPWH) today announced financial results for the thirteen weeks ended May 4, 2024. "Although our results continue to be affected by a challenging macroenvironment, we continue to execute on our efforts on resetting the organization to focus on providing our passionate customers with great gear and exceptional service," said Paul Stone, President and Chief Executive Off ...

WEST JORDAN, Utah, May 21, 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 first quarter 2024 financial results on Tuesday, June 4, 2023 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 hours ...