Sportsman's Warehouse Holdings, Inc. Announces First Quarter 2025 Financial Results

Core Insights - Sportsman's Warehouse reported a 2% increase in net sales to $249.1 million for the first quarter of fiscal year 2025, compared to$244.2 million in the same period last year, marking a significant recovery from a -13.5% decline in the previous year [1][7] - The company reaffirmed its full-year guidance for fiscal year 2025, expecting net sales to range from a decline of 1.0% to an increase of 3.5% and adjusted EBITDA between $33 million and$45 million [8] Financial Performance - Gross profit for the quarter was $75.6 million, representing 30.4$95.3 million, or 38.2% of net sales, down from 38.6% in the previous year, reflecting effective expense management [7] - The net loss for the quarter was $(21.3) million, compared to a net loss of$(18.1) million in the same quarter last year, while the adjusted net loss improved to $(15.6) million from$(17.8) million [7][22] Strategic Initiatives - The company is focusing on improving inventory precision, leveraging local expertise, and executing a digital-first marketing strategy to enhance customer loyalty and trust [3][6] - Anticipating increased tariffs, Sportsman's Warehouse made targeted inventory investments to secure critical products ahead of seasonal demand, balancing near-term gross margin pressure with inventory readiness [6] Outlook - The company plans to open one new store in Surprise, Arizona during fiscal year 2025 and is committed to generating positive free cash flow while paying down debt [8] - Total liquidity at the end of the first quarter was $122.1 million, consisting of$118.5 million available on credit facilities and $3.6 million in cash [7]