Financial Data and Key Metrics Changes - In Q1 2023, net sales were $267.5 million, down from $309.5 million in Q1 2022, primarily due to adverse weather and inflationary pressures [18][44] - Selling, general and administrative expenses increased to $99 million, up from $96.1 million in Q1 2022, with SG&A as a percentage of net sales rising to 37% from 31% [19] - Gross margin for the quarter was 29.9%, a decrease of 210 basis points year-over-year, attributed to a reduction in sales mix in higher-margin categories [43][84] - The company reported a loss of $0.39 per share for the quarter, impacted by reduced sales and increased expenses [44] Business Line Data and Key Metrics Changes - The hunting department outperformed other categories, driven by strong firearm sales, while camping and fishing categories saw reduced demand due to weather conditions [14][15] - The company opened five new stores in Q1 and plans to open 15 new stores in total for 2023, indicating a commitment to expanding its footprint despite current challenges [16][41] Market Data and Key Metrics Changes - Same-store sales decreased by 17.8% compared to Q1 2022, reflecting the impact of weather and inflation on consumer behavior [43] - The company anticipates second quarter net sales to be between $310 million and $340 million, with same-store sales expected to decline by 9% to 17% [21] Company Strategy and Development Direction - The company is focused on growing its store footprint, enhancing omnichannel capabilities, and leveraging customer databases to drive sales [6][10] - Management emphasizes the importance of maintaining financial discipline and achieving specific financial hurdles for new store openings [41][60] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the impact of weather-related challenges and macroeconomic pressures on sales, particularly in spring-related categories [14][39] - The company is closely managing inventory and merchandising efforts to ensure seasonal relevance and healthy in-stock levels [39] - Management expressed confidence in the competitive position within the hunting and shooting sports categories, despite current market challenges [36] Other Important Information - The company ended Q1 with $150.3 million available on its line of credit, indicating strong liquidity [45] - A company-wide cost reduction effort is being implemented to align expenses with current sales trends [46] Q&A Session Summary Question: Did the firearms business comp positive in Q1? - The firearms business did not comp positive but outperformed the rest of the company [52] Question: What does the guidance imply regarding demand recovery? - The guidance reflects current trends, with some areas showing signs of recovery but not at expected rates [50] Question: Can you elaborate on the gross margin decline? - The decline was primarily due to lower ammunition margins and a shift in sales mix away from higher-margin categories [30][72] Question: How is the inventory position? - The company is comfortable with its inventory position and does not anticipate needing to conduct fire sales [58] Question: What is the outlook for store growth? - The company is focused on finding suitable locations that meet financial metrics and will not open stores just to meet growth targets [79][80]

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 ...

Sportsman's Warehouse Holdings, Inc. (NASDAQ:SPWH) Q4 2022 Earnings Conference Call April 12, 2023 5:00 PM ET Company Participants Riley Timmer - Vice President, Investor Relations Jon Barker - Chief Executive Officer Joe Schneider - Chair of the Board & Interim CEO Jeff White - Chief Financial Officer Conference Call Participants Ryan Sigdahl - Craig-Hallum Capital Group Eric Wold - B. Riley Securities Justin Kleber - Baird Mark Smith - Lake Street Capital Operator Greetings and welcome to the Sportsman's ...

Financial Performance - Full year 2022 net sales were $1399515 thousand, a decrease compared to $1506072 thousand in 2021[69] - Full year 2022 gross profit was $460240 thousand, compared to $490297 thousand in 2021[69] - Full year 2022 net income was $40518 thousand, a decrease compared to $108470 thousand in 2021[12] - Adjusted EBITDA for the full year 2022 was $101583 thousand, compared to $136552 thousand in 2021[12] - The company repurchased 68 million shares, returning $647 million to shareholders in FY22[3] Debt and Leverage - Total debt outstanding was $875 million, compared to $660 million[1] - The leverage ratio was 09x, compared to 06x[2] - Net debt was $851 million[3] - The company has a credit facility borrowing capacity of $350 million[3] Financial Outlook for Q1 2023 - Net sales are projected to be $265 million to $270 million[4] - Same-store sales (SSS) are expected to decline by (19)% to (17)%[4] - Earnings per share (EPS) are projected to be ($040) to ($035)[4] - The tax rate for FY 2023 is projected at 26%[4] - Capital expenditures (CAPEX) for FY 2023 are projected to be $480 million to $560 million[4] Store Expansion - The company plans to open 15 new stores in 2023[37]

THIRD QUARTER 2022 EARNINGS CONFERENCE CALL December 7, 2022 FORWARD LOOKING STATEMENTS AND NON-GAAP MEASURES This presentation 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 presentation include, but are not limited to, statements regarding our outlook for the fourth quarter and fiscal year 2022, ...

Sportsman's Warehouse Holdings, Inc. (NASDAQ:SPWH) Q3 2022 Earnings Conference Call December 7, 2022 5:00 PM ET Company Participants Riley Timmer - Vice President, Investor Relations Jon Barker - Chief Executive Officer Jeff White - Chief Financial Officer Conference Call Participants Eric Wold - B. Riley Securities Justin Kleber - Baird Mark Smith - Lake Street Capital Operator Greetings and welcome to the Sportsman’s Warehouse Third Quarter 2022 Earnings Call. [Operator Instructions] And as a reminder, th ...

Delaware 39-1975614 (State or other jurisdiction of incorporation or organization) UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 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 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 001-36401 SPORTSMAN'S WAREHOUSE HOLDINGS, INC. (Exact Name of Registrant as Specified ...

Sportsman's Warehouse Holdings, Inc. (NASDAQ:SPWH) Q2 2022 Earnings Conference Call September 1, 2022 5:00 PM ET Company Participants Riley Timmer - Investor Relations Jon Barker - Chief Executive Officer Jeff White - Chief Financial Officer Conference Call Participants Ryan Sigdahl - Craig-Hallum Capital Group Eric Wold - B. Riley Mark Smith - Lake Street Capital Markets Justin Kleber - Robert W. Baird Matt Egger - Piper Sandler Operator Greetings. Welcome to the Sportsman’s Warehouse Second Quarter 2022 E ...

| --- | --- | --- | --- | --- | --- | |-------------------|---------------------|--------------------------|-------|-------|-------| | | | | | | | | | | | | | | | | | | | | | | | SECOND QUARTER 2022 | EARNINGS CONFERENCE CALL | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | September 1, 2022 | | | | | | FORWARD LOOKING STATEMENTS AND NON-GAAP MEASURES This presentation includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 as contained ...

(Mark One) Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 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 April 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 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 jurisdictio ...