Sportsman’s Warehouse(US:SPWH) Globenewswire·2025-04-01 20:05Financial Performance - Q4 same store sales decreased by 0.5% on a comparable 13-week basis, an improvement from a decline of 12.8% in Q4 last year [1][5] - Q4 adjusted EBITDA was $14.6 million, up from $5.3 million in Q4 last year [1][5] - Net sales for Q4 were $340.4 million, a decrease of 8.1% compared to $370.4 million in Q4 of fiscal year 2023, primarily due to the previous year having 14 weeks of operations [5][9] - Gross profit increased to $103.6 million or 30.4% of net sales, compared to $99.4 million or 26.8% of net sales in the same quarter last year [5][9] - SG&A expenses decreased to $100.0 million or 29.4% of net sales, down from $107.3 million or 29.0% of net sales in Q4 last year [5][9] Year-End Results - For the fiscal year ended February 1, 2025, net sales were $1,197.6 million, a decrease of 7.0% from $1,288.0 million in fiscal year 2023 [9][21] - Same store sales decreased by 7.8% during fiscal year 2024 compared to fiscal year 2023, excluding the extra week of sales in fiscal year 2023 [9][21] - The company ended the year with a net loss of $33.1 million, compared to a net loss of $29.0 million in fiscal year 2023 [9][21] - Adjusted EBITDA for the fiscal year was $29.6 million, compared to $24.6 million in fiscal year 2023 [9][21] Balance Sheet and Liquidity - As of February 1, 2025, the company had net debt of $95.9 million and total liquidity of $131.1 million [9][24] - Inventory decreased by $12.8 million compared to the end of the previous year, totaling $342.0 million [1][9] 2025 Outlook - The company expects net sales for fiscal year 2025 to range from a decrease of 1.0% to an increase of 3.5% and adjusted EBITDA to be between $33 million and $45 million [7][9] - Plans to open one new store in Surprise, Arizona during fiscal year 2025 [7][9] - The company anticipates a return to comparable same store sales growth in 2025, focusing on community connections and local market relevance [2][7]