Announces resignation of Steven R. Becker as a member of the Board WEST JORDAN, Utah, Sept. 11, 2025 (GLOBE NEWSWIRE) -- Sportsman’s Warehouse Holdings, Inc. (“Sportsman’s Warehouse” or the “Company”) (Nasdaq: SPWH) announced today that Michael Tucci has been appointed as an independent member of its Board of Directors (the “Board”), effective immediately. The Company also announced that Steven R. Becker has stepped down as a member of the Board, effective as of September 5, 2025. Mr. Tucci’s career spanned ...

Core Insights - Sportsman's Warehouse reported a 2.1% increase in same store sales compared to the previous year, marking the second consecutive quarter of positive comparable sales despite challenging consumer conditions [2][5] - The company's gross margin improved by 80 basis points year-over-year, reaching 32.0% of net sales, driven by better product margins and increased sales in the fishing department [5][6] - The company has raised its fiscal year 2025 sales outlook, expecting net sales to be flat to up 3.5% and reaffirming adjusted EBITDA guidance of $33 million to $45 million [8] Financial Performance - For the thirteen weeks ended August 2, 2025, net sales were $293.9 million, a 1.8% increase from $288.7 million in the same period last year [5][19] - The net loss for the quarter was $(7.1) million, compared to a net loss of $(5.9) million in the prior year, while adjusted net loss improved to $(4.7) million from $(5.3) million [5][11] - Adjusted EBITDA for the quarter was $8.3 million, an increase from $7.4 million in the corresponding prior-year period [5][32] Inventory and Capital Allocation - The company ended the second quarter with inventory of $443.5 million, an increase of $80.1 million year-over-year, as inventory was strategically built ahead of key hunting seasons [11][24] - Total liquidity as of the end of the second quarter was $109.5 million, consisting of $107.7 million available on the revolving credit facility and $1.8 million in cash [11][24] - Capital expenditures for 2025 are expected to be in the range of $20 million to $25 million, primarily for technology investments [8] Strategic Focus - The company is focusing on localizing product assortments and enhancing digital marketing efforts, which have shown positive results in certain markets [2] - The firearms business has outperformed the industry, indicating continued market share gains [2] - The company aims to improve working capital efficiency and reduce debt levels in the latter half of 2025 [8]

Core Viewpoint - Sportsman's Warehouse Holdings, Inc. has promoted Susan Sanderson to Chief Marketing Officer, a move aimed at strengthening the company's leadership and supporting its growth plans [1][2]. Company Overview - Sportsman's Warehouse is an outdoor specialty retailer catering to a diverse customer base, from seasoned veterans to first-time participants, providing exceptional gear and service [4]. Leadership and Strategy - Susan Sanderson joined Sportsman's Warehouse in July 2024 as Senior Vice President of Marketing, E-commerce, and Loyalty, bringing over two decades of experience in omni-channel retail and business turnarounds [2]. - Sanderson's leadership is expected to accelerate performance and guide the company through its next growth phase, focusing on brand enhancement and customer connection [2][3]. Growth Initiatives - The company has laid a strong foundation for transformational growth over the past year, with Sanderson emphasizing the importance of sharpening the brand and driving growth across all channels [3]. - The marketing strategy will involve listening to customer insights to build a competitive advantage, positioning Sportsman's Warehouse as a trusted destination for hunting and fishing [3].