Sportsman's Warehouse Stock Tanks After Q1 Earnings, Revenues Miss: Details

Core Insights - Sportsman's Warehouse reported adjusted quarterly losses of 41 cents per share, missing the Street estimate of losses of 10 cents [1] - Quarterly revenue was $249.1 million, which also fell short of the consensus estimate of $290.5 million [1] Financial Performance - Net sales increased by 2.0% to $249.1 million compared to $244.2 million in the first quarter of fiscal year 2024, driven by increased sales in Fishing, Hunting, and Shooting Sports departments [4] - Total inventory at the end of the first quarter was $412.3 million, partly due to the pull forward of certain inventory purchases in anticipation of increased tariffs [4] Strategic Initiatives - The company achieved its first positive same-store sales comp in nearly four years, indicating progress in its transformation strategy [2] - Focus areas include improving inventory precision, leveraging local expertise, executing a new digital-first marketing strategy, and establishing Sportsman's as an authority in personal protection [3] Market Reaction - Following the earnings report, Sportsman's Warehouse stock declined by 11.21% to $2.06 in extended trading [3]