Sportsman's Warehouse Holdings, Inc. (NASDAQ:SPWH) Q4 2023 Results Conference Call April 3, 2024 5:00 PM ET Company Participants Riley Timmer - VP, IR Paul Stone - CEO Jeff White - CFO Conference Call Participants Mark Smith - Lake Street Capital Ryan Sigdahl - Craig-Hallum Capital Group Justin Kleber - Baird Anna Glaessgen - B. Riley Securities Mark Herrmann - R5 Capital Operator Greetings, and welcome to the Sportsman's Warehouse Fourth Quarter and Full Year 2023 Earnings Call. [Operator Instructions]. As ...

Exhibit 99.1 Mr. Stone continued, "Our initial efforts in 2024 have been focused on resetting the organization to provide our passionate customers a positive in-store experience. This fundamental strategy includes great merchandising, exceptional service, and investing in the necessary tools, people and processes to regain our edge as the local outdoor retailer of choice. Our team is energized around these key initiatives and the direction we are headed. We are confident that centering our efforts on provid ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended October 28, 2023 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 39-19 ...

Sportsman's Warehouse Holdings, Inc. (NASDAQ:SPWH) Q3 2023 Earnings Conference Call December 6, 2023 5:00 PM ET Company Participants Riley Timmer - Vice President of Investor Relations Paul Stone - Chief Executive Officer Jeff White - Chief Financial Officer Conference Call Participants Ryan Sigdahl - Craig-Hallum Eric Wold - B. Riley Securities Mark Smith - Lake Street Capital Markets Mark Herrmann - R5 Capital Operator Greetings, and welcome to the Sportsman's Warehouse Third Quarter 2023 Earnings Call. A ...

– Increased dropship partnerships – 70%+ ecom sourced thru stores & dropship Copyright © 2023 Sportsman's Warehouse. 9 Q4 2023: $(0.35) – $(0.25) Third Quarter 2023 Denominator: Diluted weighted average shares outstanding 37,393 38,681 For the Thirteen Weeks Ended October 28, 2023 October 29, 2022 Third Quarter 2023 SPORTSMAN'S WAREHOUSE HOLDINGS, INC. GAAP and Non-GAAP Measures (Unaudited) (in thousands) | --- | --- | --- | --- | --- | |-----------------------------------------------------|-------|-------- ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended July 29, 2023 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 39-19756 ...

Financial Data and Key Metrics - Net sales for Q2 2023 were $309.5 million, down nearly 12% compared to $351 million in Q2 2022 [12][17] - Same-store sales decreased by 16.1% in Q2 2023 compared to Q2 2022 [17] - Gross margin was 32.6%, down 90 basis points from 33.5% in Q2 2022 [12][21] - Adjusted EBITDA was 4.2% of net sales, down from 8.7% in the prior year [5][24] - Net loss for Q2 2023 was $3.3 million, compared to net income of $14.6 million in Q2 2022 [23] Business Line Performance - Hunting department same-store sales were down 17.5%, with ammunition sales down 30% and firearm sales down 10.9% [18][19] - Fishing department same-store sales were down 11.1%, with soft trends continuing from Q1 but showing month-over-month improvement [20] - Apparel, camping, and footwear departments were down 20.7%, 19.4%, and 13.8% respectively on a comparable basis [21] - E-commerce continued to outperform store performance, showing a bright spot in the omnichannel business [6] Market and Regional Data - The macroeconomic environment has reduced discretionary spending, impacting sales across all departments [13][29] - The company is focusing on regional assortment and seasonal pads to better cater to local customer needs [74] Strategic Direction and Industry Competition - The company is prioritizing inventory reduction, cost-cutting, and debt repayment to improve financial health [14][27][30] - New store openings for 2024 will be significantly fewer due to real estate availability and capital allocation priorities [31][32] - The company is confident in its ability to regain market share in key categories like firearms, despite overall sales declines [19] Management Commentary on Operating Environment and Outlook - Management expressed disappointment with Q2 performance but remains confident in the team's ability to navigate challenges [7][12] - The company expects continued pressure on top-line sales and gross margins in the back half of 2023 due to increased promotional activities [33][34] - Management anticipates a healthier position in 2024, with gross margins returning to normal levels as consumer behavior stabilizes [40] Other Important Information - The company ended Q2 with $231 million outstanding on its line of credit and $2.9 million in cash, with $96 million available under its credit facility [27] - Share repurchases totaled $2.1 million in Q2, with $7.5 million remaining under the authorized program [28] - The company expects to realize up to $25 million in annual savings from cost-cutting initiatives, primarily in labor and discretionary spending [30][63] Q&A Session Summary Question: Promotional Strategy for Q3 - Promotions will focus on apparel and footwear, with normal cadence in other categories like hunting and camping [38][39] Question: Margin Recovery and Long-Term Targets - Management views current margin pressures as short-term and expects a return to normal margins in 2024 [40] Question: Inventory and Margin Impact - Promotional activities in H2 2023 are expected to clear excess inventory, with margins improving in 2024 [44][45] Question: Store Growth Plans - The 2024 store growth slowdown is a short-term pause to focus on balance sheet health, with long-term expansion opportunities still intact [47] Question: Ammunition Sales and Promotions - Ammunition sales were down 30% due to difficult year-over-year comparisons, with promotional strategies balancing competitiveness and traffic generation [55] Question: Hunting and Outdoor Equipment Demand - Consumers are delaying upgrades to hunting equipment, impacting sales in this category [57] Question: Private Label vs. National Brand Promotions - Promotions will focus more on national brands, with private label brands managed to maintain sell-through and margin targets [58] Question: Store Traffic Trends - Store traffic did not improve as anticipated in Q2, remaining flat compared to Q1 [62] Question: Cost Savings Breakdown - The majority of the $25 million in annual savings will come from labor reductions, with additional savings from contract renegotiations and discretionary spending cuts [63] Question: CapEx Guidance - CapEx remains within the previously guided range of $48 million to $56 million, with adjustments for landlord payments [66] Question: Demographic and Regional Trends - The company's customer base tends to have lower average income, impacting discretionary spending more significantly compared to competitors [73]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 ☐ 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 (State or other jurisdiction of incorporation ...

Sportsman's Warehouse Holdings, Inc. (NASDAQ:SPWH) Q1 2023 Earnings Conference Call May 30, 2023 5:00 PM ET Company Participants Riley Timmer - VP, IR Joe Schneider - Chair of the Board and Interim-CEO Jeff White - CFO Conference Call Participants Eric Wold - B. Riley Justin Kleber - Robert W. Baird Mark Smith - Lake Street Capital Markets Mark Herrmann - R5 Capital Operator Greetings, and welcome to Sportsman's Warehouse First Quarter 2023 Earnings Call. [Operator Instructions] As a reminder, this conferen ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended January 28, 2023 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 (State or other ...